Bull and VISA Networks Sign Deal in Latin America; VisaNet Pursues Its Development of Electronic Payment With an Order for 5,000 Payment Terminals.BILLERICA, Mass.--(BUSINESS WIRE)--June 30, 1999-- Bull announced today in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. that the national VISA networks in two Brazil and Peru, VisaNet do Brasil and VisaNet Peru, respectively, have placed orders with Bull for 5,000 new EFT-POS terminals to equip retailers. VisaNet do Brazil has ordered 3,000 payment terminals since the beginning of the year. In Peru, VisaNet has just ordered 2,000 terminals that will be installed before the end of the year. These terminals accept both magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. and microprocessor cards, which will enable VISA banks to pursue their magnetic stripe "terminalization" program for credit/debit applications while introducing the use of microprocessor cards. With over 100,000 payment terminals installed in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. - Brazil, Peru, Mexico, Argentina, Venezuela, Colombia, Puerto-Rico and Costa-Rica - Bull ranks among the top three suppliers in the region. Bull thus has the capability to support smart card development/migration programs and projects, such as EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet (Europay-MasterCard-VISA) credit-debit electronic payment, and electronic purse deployment projects, such as Visa Cash Visa Cash is a smart card electronic cash system owned by VISA. Trialled in various locations Worldwide (including Leeds, UK in 1997), the system works via a 'chip' embedded in a bank card, and looks similar to the so-called 'Chip and PIN' cards issued in inter alia France . About Bull Smart Cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. & Terminals Bull Smart Cards & Terminals is the industry leader in the field of secured financial transactions. Bull designs, develops and markets global smart card solutions for financial, loyalty, transport, telecommunications, healthcare and other applications. Products include contact-contactless cards plus a full range of general purpose and EFT/POS terminals (in partnership with Ingenico), automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. , as well as associated software and services. Bull Smart Cards & Terminals is the acknowledged industry leader in research, development and security related to smart cards & related terminals. The company is also the worldwide leader in electronic purse cards. Since inventing the microprocessor smart card in 1976, Bull has obtained more than 1200 patents in the field, and has received certification for smart card security that is the highest level ever achieved by a smart card. In 1998, Bull Smart Cards & Terminals earned revenues of more than $210 million.. By relying on Bull international network, the division achieves 80 percent of the revenue abroad. More information can be found at http://www.cp8.bull.net. About Bull Bull is an international I.T. group based in Europe with 20,700 people and operations in nearly 100 countries. In 1998, Bull earned revenues of $4.2 billion, including over 65 percent outside of France, its country of origin. Bull offers a wide range of systems, infrastructure software and I.T. services, through focused innovation, alliances with the best partners and its own integration expertise. In its industry, Bull is recognized for innovative products including Escala family of open servers, smart cards and software such as OpenMaster for secure management of systems and networks. In I.T. services, Bull is ranked in Europe as the third largest systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and fifth in maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . More information can be found at http://www.bull.com. CP8 is a trademark of Bull S.A. All trademarks, service marks and company names are the property of their respective owners. |
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