Business News From Philips Semiconductors: Oberthur Card Systems' Partnership With Philips Semiconductors Results in Major Order for Multi-application Bankcards.Business Editors/Banking Industry Writers LOS ANGELES--(BUSINESS WIRE)--March 24, 2000 Oberthur Card Systems -- one of the world's leading suppliers of 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. , VISA and MasterCard cards and a global leader in the development and delivery of electronic and mobile commerce solutions -- has won an order to supply 1 million GalactIC bank cards to a major global banking organization. This win represents the single largest volume order for multi-application banking smart cards worldwide. With this announcement, Oberthur Card Systems has reinforced its position as the global leader for open platform technology. The Java-based multi-application cards feature high-security WE controllers from Philips Semiconductors, the largest European semiconductor manufacturer. The smart cards are based on Philips Semiconductors' smart card crypto controllers and will spearhead the delivery of multi-application banking cards. Based on a Java Card A smart card that contains Java applets. Several applets can be stored in the card, and new ones can be added after issuance to the customer. See Java. 2.1, the GalactIC cards are also the first to offer Visa Open Platform 2.0 compliance. Initially, each card will feature an Internet payment application as well as a credit facility, allowing secure access to e-commerce and online transactions. Providing spare memory capacity, the 32 kilobyte (thousand bytes). For technical specifications, it refers to 1,024 bytes. In general usage, it typically refers to an even one thousand bytes (see kilo). Also KB, Kbyte and K-byte. See space/time. (unit) kilobyte - (KB) 2^10 = 1024 bytes. See prefix. GalactIC cards will also be upgradeable, enabling additional Java applets to be downloaded to cards in the field so that users can take advantage of new applications as they arise without needing a replacement card. The P8WE5032 crypto controller used for these GalactIC cards is a member of Philips Semiconductors' highly advanced WE range. Evaluated by independent authorities, the chip features a high-speed triple-DES coprocessor coprocessor Additional processor used in some personal computers to perform specialized tasks such as extensive arithmetic calculations or processing of graphical displays. , the FameX crypto engine for public key encryption See public key cryptography. , and provides the highest security against recent attacks due to its unique chip design. Amedeo D'Angelo Amedeo D'Angelo is a businessman who has worked in software companies. D'Angelo was previously in charge of various roles in the semiconductor industry, became European Director of Samsung Semiconductor in 1986. , corporate vice president, Oberthur Card Systems, commented: "This is the first volume banking order for our acclaimed GalactIC card and we believe it reflects the current market drive towards secure e-commerce and multi-applications. "We are delighted to be working in partnership with Philips Semiconductors to deliver this unique solution that will offer the banking sector compelling applications today and also in the future." Alexander Harrer, product line manager, Chip Card ICs at Philips Semiconductors added: "We are proud to be the first semiconductor company to participate in such a project, confirming our leading position as a supplier of innovative high-security smart card ICs for the financial sector. "Oberthur and Philips Semiconductors have worked hand in hand to create the most sophisticated, field-upgradeable, flexible and secure card proposition available. We believe that it will set a new precedent for the introduction of smart card based multi-applications." In the competitive banking arena, brand is crucial and, as part of the contract, Oberthur Card Systems was challenged to create a card that incorporated a number of distinctive design features. Working closely with the customer, it has produced a card that is not just distinctive in terms of specification but also in style and appearance. In addition to complying with the Java Card 2.1 specification, the GalactIC 2.1 card features DES, triple-DES, RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. and SHA SHA - Secure Hash Algorithm cryptographic functions and has undergone stringent security evaluation to bring it in line with Common Criteria (Common Criteria for Information Technology Security) An international standard process for defining security objectives and for evaluating compliance with those objectives. The Common Criteria have largely replaced the Trusted Computer Security Evaluation Criteria (TCSEC), the Canadian requirements. As well as providing the card mask, Oberthur will also manufacture the plastic and manage the embedding and application loading processes. About Oberthur Card Systems Formed in October 1999, from the merger of industry leaders Oberthur Smart Cards and De La Rue La Rue may refer to:
With a portfolio that ranges from magnetic stripe cards to the most advanced smart card based solutions for banking, telecommunications, transit and commerce, OCS already has a strong business foundation. It is the world's No. 1 supplier of VISA and MasterCard cards and a global leader in the development and delivery of electronic and mobile commerce solutions. It is also the No. 1 global supplier of Pay-TV smart cards. Committed to open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced , the company supports Java Card, the Visa Open Platform, MULTOS MULTOS Multimedia Office Server and Microsoft Windows Card. With revenues of $384 million in 1999, OCS has an established international base of 3,000 employees located around the globe. The new company is majority owned by Francois-Charles Oberthur Fiduciaire, which is the largest instant lottery producer and one of the top security printers of bank notes, checks, passports and identity cards worldwide. About Philips Semiconductors Philips Semiconductors, a division of Royal Philips Electronics, with headquarters in Eindhoven, The Netherlands, is the eighth-largest semiconductor supplier based on Dataquest's 1998 report(a). Philips Semiconductors is a leader with a proven reputation in the development and production of high security controller ICs and contactless smart card A smart card that uses radio frequencies to provide a wireless connection to the reader. The transmission range is only a couple of inches, but allows the card to be quickly passed by a reader in applications such as secured entrances. See smart card and UltraCard. ICs, as well as in components for radio frequency identification See RFID. . Philips Semiconductors' innovations in digital audio, video and mobile technology position the company as a leader in the consumer, multimedia and wireless communications markets. Sales offices are located in all major markets around the world and are supported by regional application labs. Additional information on Philips Semiconductors can be obtained by accessing its home page at http://www.semiconductors.philips.com (a) Based on Vendor Revenue from Shipments of Total Semiconductors Worldwide according to Dataquest's 1998 Worldwide Semiconductor Market Share report published in May 1999. Note to editors: Java is a registered trademark of Sun Microsystems. |
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