The People's Bank of China Awards Its Quality Certificate to the Neng Card, Unlocking Unlimited Commercial Opportunity in Chinese Banking World.BEIJING--(BUSINESS WIRE)--Nov. 6, 1998-- The Certification is Further Recognition of Bull's Know-How in the Bank Cards Sector: Debit-Credit and Electronic Purse The Neng card, developed by Bull for the Chinese financial sector, has just been given the go-ahead by the People's Bank of China The People's Bank of China (PBC or PBOC) (Simplified Chinese: 中国人民银行; Traditional Chinese: (PBOC PBOC People's Bank of China PBOC People's Bank Of California ). The bank subjected the card to a series of certification tests, verifying the quality of the development work, its conformity with the specifications defined by PBOC, and the security of the implemented payment transactions. This official seal of approval opens the doors of all the Chinese banks which will now be required to offer their customers a payment card to comply with the national standard, such as the Neng card. Bull was the world's first supplier to sign a contract with a Chinese bank for payment cards meeting the new set of specifications. Since June, the Pudong Development Bank (PDB) has been experimenting the Neng card and has expressed satisfaction with its choice. Bull has already delivered 1.2 million 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. to the Chinese banking sector, thus claiming 70% of the Chinese bank card market. PBOC has chosen three cities The Three Cities is a collective description of the three fortified cities of Cospicua, Vittoriosa, and Senglea on the Island of Malta, which are enclosed by the massive line of fortification created by the Knights of St John, the Cottonera Lines. , Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. , Beijing and Changsha as the first users of the new cards. All the banks operating in these three cities will be taking part in the project, adding up to a potential 21 million new bank cards. "This certification proves not only that Bull is a key player in the strongly growing development of the Chinese banking sector, but, demonstrates, above all, the success of our cooperation with Chinese banks as a whole," declared Jeremy Su, president of Bull Greater China. Bull and debit-credit cards Over 60% of bank cards in the world use an operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. developed by Bull, world leader in the banking sector. In 1980, Bull created the B0', the first microprocessor-based credit/debit card to be used on a national scale. Developed specifically for France's Groupement des Cartes CARTES Computer Arts Centre at Espoo Bancaires, the card is used for both payments and withdrawals, and is accepted in all the country's distributors and payment terminals. Today, 30 million of these cards are in circulation. Bull, leader in electronic purse cards Bull, the world leader in smart cards for the banking sector, is also leader in electronic purses. With over 40 million cards delivered in 18 countries, Bull's e-purse range is the world's biggest seller. About Bull Smart Cards & Terminals Bull Smart Cards & Terminals is the industry leader in the field of secured financial transactions. Bull designs, develops and markets global smart card solutions for financial, loyalty, transport, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , healthcare and other applications. Products include contact-contactless cards plus a full range of general purpose and EFT/POS terminals, automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. , as well as associated software and services. Bull Smart Cards & Terminals is the acknowledged industry leader in research, development and security related to smart cards & related terminals. The company is also the worldwide leader in electronic purse cards. Since inventing the microprocessor smart card in 1976, Bull has obtained more than 1200 patents in the field, and has received certification for smart card security that is the highest level ever achieved by a smart card. In 1997, Bull Smart Cards & Terminals earned revenues of 1416 million of FF ($280 million). By relying on Bull international network, the division achieves 80% of the revenue abroad. About Bull Bull is an international I.T. group based in Europe with 21,000 people and operations in nearly 100 countries. In 1997, Bull earned revenues of $4.2 billion including over 65% outside of France, its country of origin. Bull offers a wide range of systems, infrastructure software and I.T. services, through focused innovation, alliances with the best partners and its own integration expertise. In its industry, Bull is recognized for innovative products including Escala family of open servers, smart cards and software such as OpenMaster for secure management of systems and networks. In I.T. services, Bull is ranked in Europe as the third largest systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and fifth in maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Information on Bull is available at: http://www.bull.com More information on these activities can be found on the World Wide Web at: http://www.cp8.bull.net, on Groupe Bull Groupe Bull (also known as Bull Computer or simply Bull) is a French computer company based in Les Clayes-sous-Bois, outside Paris. The company has also been known at various times as Bull General Electric, Honeywell Bull, CII Honeywell Bull at: http://www.bull.com CP8 is a trademark of Bull S.A. All trademarks, service marks and company names are the property of their respective owners. |
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