StepNexus receives D’ucoty Gold Award for Technology Excellence in Banking

StepNexus receives D’ucoty Gold Award for Technology Excellence in Banking

CardsNow!Asia names StepNexus MULTOS as the winner of Technology Excellence in Banking

SAN FRANCISCO, August 02, 2006–StepNexus Inc., the premier provider of the world’s first open, high-security, multi-application, smart card operating system MULTOS™, today announced that it has received the D’ucoty Award for the Technology Excellence in Banking.

The D’ucoty 2006 South East Asia Award was presented at CardEx Asia 2006 on July 24th in Kuala Lumpur, Malaysia, by the leading industry publication, CardsNow!Asia. It was established to recognize organisations that have demonstrated outstanding industry excellence and that have made significant contributions to the smart card industry within South East Asia.

Open to organisations in the card industry, there were 9 award categories offered within 3 main sectors; Government, Telecommunications, and Banking. StepNexus MULTOS was awarded one of the prestigious awards within the Banking category, the Gold award for Technology Excellence.

Accepting the award, John Dukellis, Vice President of Corporate Development, StepNexus Inc. said, “It is indeed an honor to receive this award on behalf of the MULTOS team at StepNexus. This award is a testament to the market leadership of MULTOS in bringing widespread interoperability and multi-sourcing to the card market worldwide. MULTOS Consortium members offer the fullest range of interoperable products for customers to ensure a clear path into the future, and they are on the bleeding edge of enabling converged services on multi-application cards across financial, transit, government ID, and telecom sectors.”

MULTOS, a high-security, multi-application smart card operating system provides card issuers with the opportunity to define their own card programs and to deliver services with their own smart card applications or those of other third-party Application Providers. It enables a flexibility of technology choice without equal within the smart card industry and an easy to deploy solution for card issuers. MULTOS has been widely adopted by over 50 banks in the Asia Pacific region.

This prestigious smart card industry award is bestowed annually to the most significant market leader of the smart card technology during the previous year.