Oberthur Smart Cards Announces the Signature of a Contract for the Acquisition of De La Rue Card Systems, a Division of the De La Rue Group and the Creation of Oberthur Card Systems.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 31, 1999-- Oberthur 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. , a subsidiary of Francois-Charles Oberthur Fiduciaire, is to acquire De La Rue La Rue may refer to:
This acquisition is part of Oberthur's plans to expand its geographic and vertical presence and to consolidate its position in the smart card market. The two companies combined, Oberthur Smart Cards and De La Rue Card Systems, will create a significant force in the smart card market by bringing together two complementary product offerings, industrial know-how, technological leadership and geographical coverage. This new entity will be called Oberthur Card Systems and will become one of the top suppliers of microprocessor cards worldwide with a turnover of 2.6 billion FF in 1999 (about 400 million Euro). It will employ 2,800 people in more than 25 locations around the world. Jean Pierre Savare, chief executive officer of Francois-Charles Oberthur, said: "The national and international market for cards is changing as the demand for smart cards begins to accelerate. Customers want to deal with companies that can offer worldwide presence, local expertise, significant investment in new technology and constant innovation. By integrating De La Rue Card Systems within Oberthur, our combined organization will be able to deliver solutions that will exceed the expectations of our customers worldwide." The acquisition is subject to regulatory approvals. About Oberthur Smart Cards and Francois-Charles Oberthur Fiduciaire Oberthur Smart Cards is the card division of Francois-Charles Oberthur Fiduciaire. With a turnover of FF2 billion in 1998 and 2,900 employees worldwide before this acquisition, Francois-Charles Oberthur Fiduciaire is the N(degree)3 high security printer (banknotes, passports etc.) and the N(degree)1 instant lottery lottery, scheme for distributing prizes by lot or other method of chance selection to persons who have paid for the opportunity to win. The term is not applicable when lots are drawn without payment by the interested parties to determine some matter, e.g. and stamp producer worldwide. About De La Rue Card Systems De La Rue Card Systems, whose 1999 turnover was (pound)139.1m, is a major supplier of VISA and MasterCard products worldwide and a world leader in the development and delivery of electronic and mobile commerce solutions. De La Rue is also a major supplier of Pay-TV smart cards. As a leading provider of smart card solutions to customers in banking, telecoms, loyalty, transport and Pay TV, De La Rue Card Systems is 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 and supports Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. Card, the Visa Open Platform; 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. and MULTOS MULTOS Multimedia Office Server . |
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