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Visa Announces New Smart Card as Chip Card Prices Continue to Drop; Entry-level GlobalPlatform Card Now Available To Visa Banks For $1.98

SAN FRANCISCO, (BUSINESS WIRE), July 21, 2003–Visa International announced today the launch of a new smart card product costing just US$1.98 and has further reduced the costs of a range of card products launched under the Visa Smart Breakthrough Card program. The price reductions mean that Visa smart card costs have fallen up to 40…
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Cubic Signs Contract to Deliver US$95 Million Smart Card-Based Ticketing System and Regional Services to Brisbane, Australia

SAN DIEGO & BRISBANE, Australia, July 18, 2003–The transportation subsidiary of San Diego, California-based Cubic Corporation (AMEX:CUB) and its Australian subsidiary, Cubic Transportation Systems-Australia Pty Ltd., have signed a US$95 Million (Aus $134 Million) contract with the Queensland Government to design, build, operate and maintain the first smart card-based integrated ticketing system and regional services…
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SCM Microsystems Delivers Verifiable Security for Consumer Internet Transactions, Among First to Achieve FINREAD Compliance

Fremont, CA, July 10, 2003–Taking a major step forward to open the Digital World, SCM Microsystems, Inc. (Nasdaq: SCMM, Prime Standard: SMY) announced that the company is among the first three worldwide to achieve FINREAD compliance. Development and testing under the Trusted FINREAD Initiative has proved that SCM’s STR-FINREAD smart card readers provide a verifiable…
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Revolutionary Ticketing System Developed by Cubic and Partner EDS Now Live to Customers; London’s New “Oyster” Smart Card is Available on the Internet

SAN DIEGO, (BUSINESS WIRE), July 9, 2003–Transport for London’s annual and monthly season ticket holders have begun using a new smart card-based ticketing system developed by the TranSys consortium led by San Diego-based Cubic Corp. (AMEX:CUB) and EDS (Electronic Data Systems). The new Oyster smart card, which is being introduced gradually to the public beginning…
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Philips to gain world’s first EAL 5 + Common Criteria certification for a 16-bit smart card controller IC

Developers of secure smart card-based applications set to benefit from Philips’ leading security expertise Eindhoven, The Netherlands, 24 June 2003–Royal Philips Electronics (NYSE: PHG, AEX: PHI), today announced that following independent evaluation, it has been awarded the world’s first Common Criteria EAL5+ certification for a true 16-bit smart card controller IC. Presented by the German…
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Cubic Introduces New Mobile Ticketing Machine

New Product Allows for Faster Boarding Times and Minimizes Driver Distractions SAN DIEGO, (BUSINESS WIRE), July 3, 2003–The transportation segment of San Diego-based Cubic Corp. (AMEX:CUB) has introduced the Mobile Ticketing Machine (MTM), an on-vehicle transit ticketing system that issues bus riders paper transfers and processes contactless smart cards. The MTM is an enhancement to…
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EMVCo Expands Charter to Strengthen Global Participation and Enhance Industry Wide Communication

Purchase, New York and San Francisco, California, June 25, 2003–EMVCo, LLC, the company jointly owned by MasterCard International and Visa International, announced today its newly established structure and expanded charter that will further ensure ongoing interoperability and increased communication within the payments industry. The primary role of EMVCo has been to maintain the EMV Integrated…
InMember News

SSP-Litronic’s NetSign CAC Sales Surpass 100,000 Licenses

IRVINE, Calif., (BUSINESS WIRE), June 10, 2003–SSP Solutions Inc. (Nasdaq:SSPX) and SSP-Litronic, long-term providers of government enterprise information assurance products, today announced an order for an additional 25,000 licenses of its NetSign® CAC middleware product. With this most current order, SSP-Litronic has delivered more than 100,000 NetSign CAC licenses to the Department of Defense (DoD)…