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Friday 31 August 2001

CardBASE Technologies in Trouble

CardBASE Technologies, a leading provider of Smart Card solutions for secure e-commerce, is reported to be under the protection of the Irish Court which enables the Directors of the company to carry on running it whilst the Examiner appointed looks to see if the company can refocus and restructure the business.

Brian Kearney, CEO, CardBASE, said: "The appointment of an Examiner and the protection of the Court is a proven methodology for many companies. We believe it will give us sufficient time to successfully resolve our funding requirement in a difficult technology environment."

Existing shareholders, ICC and Eastbound, are funding the examination period, investing IR£1.3 million.

CardBASE management is currently preparing a revised business plan which will include the restructuring of the company and reflect the current outlook for business in its sectors of security and electronic payments.


SchlumbergerSema and CyberMark Partner on Campus Card

SchlumbergerSema is partnering with CyberMark to market, sell and support its entire range of Smart Card-based solutions to the college and university campuses of North America.

Under the agreement, CyberMark will operate and fully support campuses currently using SchlumbergerSema Smart Card technology, as well as combine its solutions to include the broad range of SchlumbergerSema Smart Card-based products for the campus market.

The cards will be used across a variety of functions, including physical ID, building access, network access and security, cashless payments, personal credentials and other applications.


Single Sign-on Access

Oberthur Card Systems is partnering with Intelligent Environments Group (iE) to give financial institutions the technology to offer their customers single sign-on access to multiple online accounts.

The solution combines Oberthur's AuthentIC Web Pack - an open-platform based Smart Card package featuring PKI applet developments, chip readers and security client software - with iE's NetFinance security infrastructure software. In practice, the package requires banks to issue multi-application cards to their customers who will then access their online accounts using a PIN-based card reader attached to a PC.


Ericsson Licenses Technology to Xiring

Ericsson is to license its technology for wireless chip-based transactions to Schlumberger affiliate Xiring, which specialises in the design and marketing of personal Smart Card readers and secure payment solutions for consumers.

Under the agreement, Xiring receives exclusive rights to further develop the Ericsson Wireless Wallet technology platform. Ericsson first demonstrated an early prototype of the technology in 1999 at CeBIT in Hanover, Germany. It is designed to meet the needs for authentication, digital signature and secure payment on the Internet.


Mondex Korea Contract for Keycorp

Keycorp, based in Sydney, Australia, reports a multi-million dollar contract with Mondex Korea for the provision of 300,000 MULTOS chip cards. The new payment card will incorporate Keycorp's MULTOS Smart Card operating system and additional applications such as M/Chip Select (MasterCard credit and debit application) and digital certificates. Roll-out is expected to be completed by the end of the year.

The payment card is a co-operative effort between Mondex Korea, Kookmin Bank Credit Card Co and KTF (Korean Telecom Freetel).


Fast-track to Mobile e-Services

SmartTrust partner AU-System has developed a solution designed to cut the time-to-market for mobile operators looking to deploy mobile e-services by reducing delivery time to just six weeks.

Built around SmartTrust's Wireless Internet Gateway (WIG) technology, and using pre-built applications, including 'ready-to-launch' news, weather, information and commercial services, operators will be able to immediately leverage service revenues

Anders Sellin, Product Manager at Sonera SmartTrust, explained: "Using our Wireless Internet Gateway technology, AU-System's solution suite speeds up time to market and reduces the investment required to launch new mobile e-services."


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COSAC is widely regarded as one of the world's most participative and productive information security symposiums. Conceived, managed, and attended by vastly experienced practising professionals, it takes place in the intimate and luxurious surroundings of the five-star Hotel Castle Dunloe in Killarney, Ireland.

Through its all-inclusive, fully residential format, COSAC provides extensive personal access to the very best thought-leaders in the business: presenters and facilitators who collectively have many hundreds of years of proven success all over the globe.

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