Oberthur and Visa Achieve Another ``First;'' The First Multi-Application Payment Card With Integrated PKI and RSA Functionality Is Visa Approved.Business Editors LOS ANGELES--(BUSINESS WIRE)--April 26, 2001 Visa cards worldwide has approved Oberthur Card Systems GalactIC 2.1 payment card, a Java(TM)-based, open platform, multi-application smart card that enables secure multi-channel payment, for its Visa Smart range program. Based on Open Platform 2.0.1 specifications, the Oberthur GalactIC 2.1 card can host multiple applications and enables cardholders to pay securely for goods via the home PC, mobile phone, television or at a point-of-sale in a store or at a kiosk. GalactIC 2.1 incorporates the latest encryption technologies (integrating 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. (a) and PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of (b)) currently available to secure payment transactions particularly in an online environment. "Visa is a leading consumer payment brand and has already successfully launched more than 80 chip-based programs in 35 countries, and Oberthur has been its partner throughout," commented Didier Serodon, director of the payment division for Oberthur Card Systems. "The GalactIC 2.1 is the first multi-channel, multi-application card dedicated to payment incorporating the security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security which meet the demanding needs of the new payment channels we encounter today. Security remains paramount to our customers' method of payment." Already adopted as industry standard in the mobile communications market, the Java programming language is widely heralded as the technology of choice and its widespread adoption offers quick and secure multi-application developments which reduces the time-to-market and allows new applications to be added to the card in the future without needing to reissue a new card to the holder. "All card products that carry the Visa brand have to pass a full Visa approval process for functional and security requirements. This latest product from Oberthur provides Visa Member banks with another way in which to embrace the developments in payment and technology. Oberthur is a valued and longstanding Visa partner and we congratulate the company on this achievement," noted Denny Jensen, vice president, Emerging Technologies, Visa International. Oberthur, a member of Visa's Smart Partners Program, is the only provider of the entire Visa Smart range, which is completed by this latest GalactIC 2.1 card. About Oberthur Card Systems Oberthur Card Systems (Paris Stock Exchange - Code SICOVAM SICOVAM Société Interprofessionelle pour la Compensation des Valeurs Mobilières 12413), a global leader and the innovator in the smart card industry, is shaping the future by offering the ultimate in SIM, WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. , 3G (IMT-2000/UMTS), e-wallet technologies and Internet-based card management services coupled with a firm commitment 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 . Championing EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet migration, Oberthur is the world's No. 1 supplier of MasterCard and Visa cards; No. 1 in banking, e-commerce, m-commerce and pay-TV; Oberthur is also the No. 1 in Java(TM) and GSM technologies. Oberthur Card Systems has an international reach ensured by 30 sales offices and 20 manufacturing sites across the five continents. Oberthur Card Systems had sales of 451.1 million euros in 2000. The company's Web sites are www.oberthurcs.com and www.oberthurusa.com. Note to editors: Sun, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Java, 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 Write Once, Run Anywhere are trademarks or registered trademarks of Sun Microsystems Inc. in the United States and other countries. (a) RSA -- Rivest Shamir Adleman -- security technique employing integer factorization with the advantage of operating two keys: a public one which can be made freely available and a private one known only to the card holder. (b) PKI -- Public Key Infrastructure is a set of policies, processes and technologies that use public key cryptography An encryption method that uses a two-part key: a public key and a private key. To send an encrypted message to someone, you use the recipient's public key, which can be sent to you via regular e-mail or made available on any public Web site or venue. and key certification practices to secure communications. |
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