NBS Technologies Inc. Mondex Type Approval.TORONTO--(BUSINESS WIRE)--Aug. 27, 1997--NBS Technologies Inc(OTC Bulletin Board OTC Bulletin Board
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NBS - National Bureau of Standards: part of the US Department of Commerce, now NIST. ) NBS Technologies Inc. announced today that two of its card issuance products, the ImageMaster(TM) and the Advantage 2000(TM), both featuring the new NBS smart card programming module, have received Mondex(TM) Type Approval certification for both pilot and roll-out phases of the Mondex smart card electronic cash program.
The Image Master(TM) allows smart card issuers to personalize per·son·al·ize
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.
2. To attribute human or personal qualities to; personify. , activate and customize Mondex(TM) cards at high speed. This system will allow the Mondex(TM) Card to be issued centrally or in an "over the counter" environment if desired. The ImageMaster(TM) is currently being used in Canada to personalize Mondex(TM) cards for the highly successful Mondex(TM) pilot program in Guelph, Ontario Guelph (IPA: gwɛlf) (population 114,943) is a city located in the Southwestern region of Ontario, Canada. .
The Advantage 2000(TM) series of card issuance systems is known in the financial and healthcare industry for its reliability, speed and upgradeability. In addition to Mondex(TM) personalization, activation and customization, the Advantage 2000(TM) is capable of personalizing up to 390 debit, credit or ATM cards per hour.
NBS is continuing development programs on the integration of smart card capabilities into its full line of card issuance equipment, including the Horizon(TM) product line, which was successfully launched earlier this year. The Horizon(TM), a one pass card issuance system well suited for the issuance of Mondex(TM) and other 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. , is marketed worldwide to large card issuers and card service bureaus.
"Our System Solutions Group has worked very closely with Mondex(TM) and has gained considerable experience in Guelph researching customer requirements, leading to the design of quality products that will meet the needs of Mondex(TM) smart card issuers as well as Mondex(TM) merchants. We intend to be active participants in all electronic purse programs, providing our customers with a full range of electronic cash products, from the card itself through to card issuance and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.
Transaction processing systems are the backbone of an organization because they update constantly. equipment," said Nayri Artun, Vice President, System Solutions.
NBS Technologies Inc. is a multinational information technology company that designs, manufactures and markets an integrated line of point of sale transaction automation systems, personalization equipment, secure identification and access control systems, plastic cards and related products and services. Customers cover a wide range of market segments including financial institutions, hospitals, universities, government agencies, retailers, oil companies, and marketing organizations. NBS is a Toronto based public company with operations in Canada, 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. and the United Kingdom. The company's shares are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE)
Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "NBS".
CONTACT: NBS Technologies Inc.
Nayri Artun, 905/671-3334 ext. 14
web site: www.nbstech.com