Continued Growth in Largest Smart Card Industry Group demonstrates Increasing Success and Acceptance of the Technology

New York, NY, July 12, 2000–The Smart Card Forum (SCF), multi-industry organization working to accelerate the widespread acceptance and application of smart card technology, today announced that twelve new principal and auditing members have joined the growing ranks of the organization. The new members include:

• Baltimore Technologies
• Certco
• KeyCorp
• Los Angeles Metropolitan Transportation Authority (MTA)
• New York City Transit Metrocard Operations
• Philips Semiconductors
• Port Authority of New York & New Jersey
• Rainbow Technologies
• San Diego Metropolitan Transit
• US Department of Treasury
• Virginia Tech Transportation Institute
• Xcert

“We are very excited to have these new members join the Smart Card Forum at this time,” said SCF President & CEO Donna Farmer. “There are many activities for them to be involved in right now. Many of our new members are joining the forum to participate in our cutting edge programs and conferences. Due to the success of our recent “Cards on the Move” event, we have 4 new members from the transportation sector. This arena is proving to be a key driver for the implementation of multi-application smart card technology in the United States We welcome these organizations to our growing membership base and look forward to a very exciting year!”

Baltimore Technologies, Certcoand Xcert have joined the Forum as Principal Members. Rainbow Technologies and Philips Semiconductors have stepped up from Auditing to Principal Membership. Principal Members are entitled to serve as a voting member of the Board and Executive Committee, eligible to serve as a chairperson of any Work Group, free access to all working documents and complimentary registrations for general and special meetings. KeyCorp and Workcard have joined as Auditing Members and have access to copies of all working documents. They are entitled to one complimentary registration for meetings while other representatives attend at member fee.

The Los Angeles Metropolitan Transportation Authority, New York City Transit, Port Authority of New York and New Jersey and the San Diego Metropolitan Transit have joined as Government Members. Virginia Tech has joined as a University Member. These new members are entitled to one complimentary registration for all general and special Forum meetings, and have free access to copies of all working documents. These members are also eligible to chair any working group.

Baltimore specializes in the development and marketing of a complete family of products and services to secure business conducted via computer networks, whether for Internet, extranet or intranet applications. The Baltimore product range includes complete PKI Systems, cryptographic toolkits, security applications and security hardware.

CertCo is a leading on-line risk assurance authority, providing the world’s most secure e-business technology and systems. Our business solutions unleash the full potential of the Internet by enabling corporations and trust institutions with the capability to safely conduct global high value transactions over open networks. CertCo’s integrated product suites feature electronic authentication and assurance systems based on public key infrastructure (“PKI”) technologies.

Cleveland-based KeyCorp (NYSE: KEY) is one of the nation’s largest multiline financial services companies, with assets of approximately $83 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company’s businesses deliver their products and services through facilities located in 46 states; a network of 2,600 ATMs; a robust Web site and telephone banking centers that provide account access and financial products 24 hours a day.

Linsang Partners LLC is a technology investment group which was founded in 1997 by Kwok Li. Kwok has been in the telecomm business for more than a dozen years. He was a manager of R&D for Bell Northern Research Inc. from 1988-91, and from 91–94 he was director of Strategic PLanning at Wiltel. Kwok joined Yurie Systems in 1994, was its President and Chief Operating Officer from 1996–97, and served as Vice Chairman of Yurie from 1997 until the sale of Yurie to Lucent Technologies in 1998. He co-founded Splitrock Services Inc., a nationwide telecom services provider, in 1997, and served as its chairman until the company was sold to McLeodUSA Inc. earlier this year.

The Los Angeles County Metropolitan Transportation Authority (MTA) is the primary provider of transit-related services for the Southern California region. The MTA is dedicated to providing Southern California residents and visitors transportation alternatives and solutions.

Philips Semiconductors is a product division of Philips Electronics N.V., headquartered in Eindhoven, The Netherlands, the world’s sixth largest electronics company. With sales in excess of US$ 4.3 billion in 1997, Philips Semiconductors is one of the top ten semiconductor suppliers in the world (source: Dataquest). Like our parent company, we’re a truly international concern. We have offices on every continent, in over 40 countries and we have 27,000 employees worldwide. We manufacture over 50 million integrated circuits (IC’s) and discrete devices every day for a huge diversity of markets and applications.

The Port Authority of New York & New Jersey’s mission is to identify and meet the critical transportation infrastructure needs of the bistate region’s businesses, residents, and visitors. By providing the highest quality, most efficient transportation and port commerce facilities and services that move people and goods within the region, the Port Authority of NY/NJ provides access to the rest of the nation and to the world, and strengthens the economic competitiveness of the New York-New Jersey metropolitan region.

Rainbow Technologies is a leading provider of security solutions for the Internet and eCommerce. Rainbow applies its core technology to a variety of Internet applications from securing software, to the acceleration of secure communication for eCommerce and Virtual Private Networks (VPNs). Rainbow’s products include secure Web server and VPN acceleration boards; USB-based authentication tokens; PKI-based security solutions; and voice, data and satellite security systems. Headquarters are located in Irvine, California, with offices located throughout the United States, United Kingdom, France, Germany, Australia, China, India, The Netherlands, Russia, and Taiwan. Nearly 50 authorized distributors sell Rainbow products worldwide. For more information, visit our Web site at http://www.rainbow.com/fast.

San Diego Metropolitan Transportation Authority: The Metropolitan Transit Development Board (MTDB) serves as the policy-setting and overall coordinating agency for public transportation in the San Diego metropolitan area. The fixed-route operating entities have banded together to form a “federation” of transit service providers called the Metropolitan Transit System (MTS). The purpose of this Metropolitan Transit System, and the related MTS symbol, is to identify this unified transit system to the public. In this way, riders can be aware that a coordinated route, fare, transfer, and information system is available to them.

The Virginia Tech Transportation Institute (VTTI) has initiated research on the design, deployment and evaluation of electronic payment systems (EPSs) in transportation. This research focuses on toll road, parking, and rail and bus transit services. A special effort is being made to address the economic implications associated with EPSs in terms of their capital and operating costs and revenue streams. In addition, the usefulness of alternative business case strategies is being explored and the advantages and disadvantages of such strategies are being considered. This research is being conducted by Professor John Collura, Director of the Advanced Transportation Systems Program at Virginia Tech’s Northern Virginia Center and by Mr. Valeri Plotnikov, a VTTI Research Associate.

Xcert, International, Inc. is the leading provider of Internet based Public Key Infrastructure (PKI) solutions that meet the business requirements of the Application Service Provider (ASP), Healthcare, Telecommunications, and Financial Services industries in securing business to business communications for electronic commerce. Xcert’s PKI solutions use digital certificates and secure directory services to provide business organizations with a private and authenticated method of conducting communications and transactions over the Internet.

About the Smart Card Forum

The Smart Card Forum is a non-profit, multi-industry organization of nearly 200 members working to accelerate the widespread acceptance of multi-application smart card technology by bringing together, in an open forum, leading users and technologists from both the public and private sectors. Established in 1993, the Forum includes representatives from leading companies in the banking, financial services, telecommunications, computer, technology, healthcare, retail and entertainment industries as well as government agencies and prominent universities. The Smart Card Forum also operates the Smart Card Educational Institute, the industry leading course dedicated to providing smart card education that has set the standard in the industry. The curriculum is based on leading edge education models and methodologies utilizing experienced instructors who are experts in the smart card industry. The Smart Card Forum is the leading organization for education and awareness in the development of the smart card. For more information about The Smart Card Forum, log on to the organization’s Web site at http://www.smartcardforum.org.