Gemplus and Providian Financial Corporation Deliver Multi-Application Smart Visa Card with Enhanced Online Benefits.Business Editors
REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Aug. 14, 2001
Providian Offers Its Customers Security and Convenience Online,
Supported by Gemplus Smart Card Expertise
Gemplus International Acquired by the Texas Pacific Group in 2000, Luxemburg-based Gemplus International SA was a leading provider of smart cards and related technologies, until its June 2, 2006 merger with rival Axalto; the combined entity is known as Gemalto. S.A. (Nasdaq:GEMP) ("Gemplus"), the world's leading provider of solutions empowered by 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. , today announced that Providian Financial Corporation (NYSE NYSE
See: New York Stock Exchange :PVN (Private Virtual Network) See VPN. ) ("Providian") will soon deploy a new online convenience application to Providian Smart Visa cardholders, powered by Gemplus' GemUtilities software, smart chips, and smart card readers. By enhancing the successful Providian Smart Visa program, with over 1 million cards already deployed, Gemplus and Providian continue their collaboration to meet growing consumer demand for smart card solutions in the U.S.
With Gemplus' GemUtilities v1.6 software and a smart card reader attached to their PC, Providian Smart Visa cardholders are able to conveniently make online purchases and securely store personal data on their smart cards. The card's Smart Access Key application offers cardholders more secure online authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.
(2) Verifying the identity of a user logging into a network. and access to their accounts. Furthermore, the Providian Smart Visa card-based loyalty application provides a platform for future merchant loyalty programs.
"A strong relationship with our cardholders is essential to our industry," said Elizabeth Tse, senior vice president at Providian. "Offering our customers the benefits of smart chip technology, with applications such as GemUtilities, reinforces Providian's proven customer-focused business model."
The capability to store multiple applications on one card has been a key driver for card issuers to turn to smart cards over the traditional bankcard. The challenge has been finding the perfect blend of valuable and interoperable applications and market readiness. The Providian Smart Visa successfully combines smart Visa Access, and Payment applications with GemUtilities v1.6 on the Java(R)-based GemXpresso card. Cardholders will enjoy added security and convenience while shopping on the Internet, in addition to the security, loyalty and payment capabilities their card provides.
Gemplus has propelled the smart card market 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. with the launch of the three-dollar GemXpresso card for the Visa(R) U.S.A. smart card program in 2000. A leader in the worldwide financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. market, Gemplus provides total solutions for the banking sector, including: software, card management systems, personalization, consumer distribution systems, a wide range of Europay-MasterCard-Visa (EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility)
EMV EuroPay, MasterCard, Visa (Smart debit cards)
EMV Europay, Mastercard and Visa
EMV Eftermiddagsverksamhet )-compliant cards and readers, and EMV consulting.
Gemplus: the world's number one provider of solutions empowered by Smart Cards (Gartner Dataquest 2001).
Gemplus helps its clients offer an exceptional range of portable, personalized solutions that bring security and convenience to people's lives. These include mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. access, inter-operable banking facilities, e-commerce and a wealth of other applications.
Gemplus is the only completely dedicated, truly global player in the Smart Card industry, with the largest R&D team, unrivalled experience, and an outstanding track record of technological innovation.
Gemplus trades its shares on Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. S.A. First Market and on the Nasdaq Stock Market Nasdaq stock market
The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. as GEMP in the form of ADSs. Its revenue in 2000 was 1.205 Billion Euros. It employs 7800 people in 37 countries throughout the world.
Gemplus: Your Passport to the Digital Age
About Providian Financial
Winner of the 2001 Rochester Institute of Technology/USA Today Quality Cup for excellence in customer service, San Francisco-based Providian (www.providian.com) is a leading provider of lending and deposit products to customers throughout the U.S., and offers credit cards and deposit products in the U.K. and in Argentina. Providian Financial has been named one of America's Most Admired Companies A yearly publication by Fortune Magazine, America's Most Admired Companies consists of corporations that are highly esteemed by the likes of Business Executives, Directors, and Analysts. A survey is taken of close to 3300 professionals who give their opinions on the companies. in a survey by Fortune magazine, one of the nation's top financial institutions by U.S. Banker magazine, and one of the most technologically innovative companies in the U.S. by InformationWeek magazine. The Company has more than $36 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and nearly 18 million customer accounts.
IT SHOULD BE NOTED THAT CERTAIN OF THE STATEMENTS CONTAINED IN THIS RELEASE MAY CONSTITUTE FORWARD-LOOKING STATEMENTS forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934. THESE STATEMENTS RELATE TO FUTURE EVENTS OR OUR FUTURE FINANCIAL PERFORMANCE AND INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS INCLUDING WITHOUT LIMITATION CUSTOMER DEMAND FOR OUR PRODUCTS, SUPPLY OF KEY COMPONENTS, DEVELOPMENTS IN THE MARKET AND ADVANCES IN TECHNOLOGY THAT MAY CAUSE OUR OR OUR INDUSTRY'S ACTUAL RESULTS, LEVELS OF ACTIVITY, OR PERFORMANCE TO MATERIALLY DIFFER FROM THOSE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. FOR A MORE DETAILED DESCRIPTION OF THESE FACTORS, PLEASE SEE GEMPLUS' MOST RECENT FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. THESE STATEMENTS REFLECT MANAGEMENT'S CURRENT EXPECTATIONS REGARDING FUTURE EVENTS AND OPERATING PERFORMANCE AND SPEAK ONLY AS OF THE DATE OF THIS RELEASE. WE ARE UNDER NO DUTY TO UPDATE OR REVISE ANY OF THE FORWARD-LOOKING STATEMENTS AFTER THIS DATE OR TO CONFORM SUCH STATEMENTS TO ACTUAL RESULTS OR TO REFLECT THE OCCURRENCE OF ANTICIPATED RESULTS.
Note to Editors: Gemplus, the Gemplus logo, Your Passport to the Digital Age, GemUtilities and GemXpresso are trademarks and service marks of Gemplus S.A. and are registered in certain countries. All other trademarks and service marks, whether registered or not in specific countries, are the property of their respective owners.