YourNet's Innovative Community-Based Smart Card System Utilizes Siemens and Intellect Technology; Industry leaders' combined technologies will allow consumers to access multiple services through a single YourNet card.CUPERTINO, Calif.--(BUSINESS WIRE)--Jan. 20, 1997--YourNet, Inc. today announced that it will install the United States' first community-based application for multi-use 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. , utilizing technology from Siemens Components, Inc. and Intellect Electronics, Inc. The pilot community will be announced this spring. This network allows multiple technologies and consumer services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, to be combined and offered to an entire community through a single YourNet smart card. Intellect will provide its world-proven line of high-security, easily-upgradable terminals, which accept both magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. and smart cards, and Siemens will supply its leading-edge CR80S Crypto Controller for the YourNet smart card. YourNet, the network's creator, developed the high security 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. that drives the project. YourNet's smart card is essentially a computer that consolidates bank cards, phone cards, driver's license Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something , identification cards, library cards and virtually any other card that consumers now carry into one card. The card will also provide value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , including promotional and loyalty programs for restaurants, grocery stores and other retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → . More advanced than other smart card systems, YourNet will provide multiple functions in its first generation cards. Although other smart card developers talk about adding multiple functions over the long term, their cards currently only store electronic cash. "Siemens and Intellect clearly contribute superior technologies to YourNet's community-based smart card network. Siemens' crypto technology and Intellect's secure terminal architecture fully enable the high-security capabilities of YourNet's operating system and assure that our community network cardholders will be protected," said YourNet President Curtis Crawford Curtis J. Crawford has been a director of DuPont since 1998. Dr. Crawford is President and Chief Executive Officer of XCEO, Inc., a consulting firm specializing in leadership and corporate governance. . "YourNet's comprehensive smart card approach will utilize the most advanced enabling technologies, including Intellect terminals," said Thomas Ream, Intellect president. "We are enthusiastic about participating in this project with them and Siemens Components, because it is a precursor of multi-function applications in the U.S. market." "YourNet's use of the Siemens CR80S Crypto Controller for its multi-function smart card program represents one of the most advanced uses of this technology to date," said Chris K. Goeltner, director smart card ICs, Siemens Components, Inc. "We expect the Crypto Controller's high security and large memory capacity, used in conjunction with YourNet's proprietary open architecture operating system, to bring a wide range of new benefits to the consumer." YourNet, Inc., a Kansas City-based company with offices in Cupertino, Calif., creates community networks that provide advanced consumer and business services through proprietary smart card technologies. YourNet delivers direct marketing services through its community networks, and markets its secure, open architecture smart card operating system and components to the smart card industry. Additional information about YourNet's products and services is available on its Web site, http://www.4yournet.com . Intellect Electronics, Inc. is a subsidiary of Intellect Holdings, Ltd., a publicly traded Australian corporation. Intellect products range from smart card readers, payment systems, electronic wallets and mobile terminals to cryptographic processors that secure facilities such as banking networks. Intellect products are sold in more than 20 countries, including: The Netherlands, Belgium, Norway, Australia, Singapore, Brazil and the U.S. For further information, contact Intellect's home page at http://www.intellect.com.au . Siemens Components, Inc. (SCI (Scalable Coherent Interface) An IEEE standard for a high-speed bus that uses wire or fiber-optic cable. It can transfer data up to 1GBytes/sec. (hardware) SCI - 1. Scalable Coherent Interface. 2. UART. ), with its headquarters in Cupertino, Calif., is a leading supplier of electronic components for automotive, communications, consumer electronics, data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , smart cards and memory applications. SCI offers a broad portfolio of electronic components ranging from communications integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. to lithium niobate Lithium niobate (LiNbO3) is a compound of niobium, lithium, and oxygen. It is a colorless solid that is insoluble in water. Its melting point is 1257 °C and its density is 4.65 g/cm³. Its CAS number is []. crystals. The company is a leader in communications products, smart power products, embedded Inserted into. See embedded system. DRAM technology and custom optoelectronics. SCI represents the Siemens Semiconductor Group based in Munich, Germany, which had sales of approximately $3 billion worldwide in fiscal year 1994/95 as well as the Siemens Passive Components Group which had sales of $1 billion during the same period. Additional information on the company is available at Siemens' Web site at http://www.sci.siemens.com . CONTACT: For Intellect Electronics, Inc.: Brough Communications Bruce Brough, 408/430-0100 E-mail: bruce@brough.com or For YourNet: Blades & Associates Susan E. Parker, 816/941-7800 E-mail: blades@unicom.net or Siemens Components, Inc. Tamara Polahar, 408/777-4959 E-mail: Tamara.polahar@siecomp.com |
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