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Thursday 16 August 2001

O2Micro Introduces an EMV Low Cost Smart Card Reader for Desktop Computers

O2Micro International, a supplier of power management ICs to mobile computer and communications manufacturers, has announced the availability of the OZ773 which adds an industry standard EMV compliant Smart Card reader to a desktop computer keyboard.

The OZ773, the first in the patent pending E-Guardian family of products, combines a standard USB HUB with Smart Card reader functionality, licensed from sci-worx (majority owned by Infineon Technologies), in a single low cost 28-pin package. The EMV compliant OZ773 provides PC users with the ability to transact secure e-commerce transactions on the Internet using their desktop computer keyboard and a financial Smart Card. EMV certification is a requirement for a Smart Card reader when used with the new financial chip cards issued by American Express and Visa.

The OZ773 is compliant with the Microsoft (MSFT) PC/SC specification and is EMV Level 1 certified. It is also compatible to the IEEE 7816 specifications and standard protocols including T = 1 and T = 0.


BoA Teams with Visa USA and Vital

Bank of America has teamed up with Visa USA and Vital Processing Services to enable Visa and Vital employees to make chip card payments in their cafeterias using their Smart Visa cards.

Bank of America's Merchant Services Group is providing Smart Card acceptance services at the employee cafeterias at Visa's offices in Foster City, CA. and Vital's in Tempe, AZ.

"Having Bank of America, one of the nation's largest financial institutions, take a leadership position with Smart Card-based Visa payment services will play a major role in enabling merchant acceptance," said Liz Farnsworth, vice president, Smart Card Applications, Visa U.S.A.

Bank of America and Vital will be able to accept and process the Europay/MasterCard/Visa (EMV) compliant consumer credit Visa payment transactions.


Telenor Chooses Geneva Software Bill its GSM Services

Telenor Mobil, the largest mobile telecommunications operator in Norway, with approximately 2.2 million direct subscribers and 72 per cent market share, has selected the Geneva Active Revenue Management (ARM) product Convergys Corporation to rate and bill its GSM services. It will also use the software for billing GPRS and UMTS services.

Convergys' Geneva software will be used to rate and bill approximately 2.2 million customers, including residential and corporate. Services to be billed include voice telephony and data services. Content services will be supplied via GPRS and later via UMTS. Telenor Mobil will use Geneva's full mobile functionality, including the Geneva TAP3 module, which fully supports the international TAP3 standard for billing roaming customers.


MasterCard International to change to MasterCard Incorporated

Yesterday MasterCard filed with the Securities and Exchange Commission (SEC) a registration statement formally proposing the conversion of MasterCard International from a membership association to a private share corporation, to be known as MasterCard Incorporated. The registration statement details plans for the conversion and the integration of MasterCard International and its European alliance partner, Europay International, under MasterCard Incorporated.

Upon completion of the transactions, MasterCard principal members and Europay shareholders will receive shares of MasterCard Incorporated and a revised membership interest in MasterCard International, which will continue as MasterCard Incorporated's key operating subsidiary. Closing of the transactions is subject to customary closing conditions, including receipt of all necessary regulatory approvals.

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