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| Subject: 50/50 joint ventureInterpay exclusive (MASS) technology in the Netherlands | |
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Author: intention/DutchbanksadoptProton/universalsmartcard platform. |
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Date Posted: 22:59:35 12/27/02 Fri http://www.dialelectronics.com.au/articles/59/0c006359.asp ERG banks on the Netherlands ------------------------------------------------------------ Electronics News ------------------------------------------------------------ Perth-based ERG has formed a 50/50 joint venture with the Dutch bank-founded payments processor Interpay that will see widespread adoption of MASS smart cards across the Netherlands. ----------------------------------------------------------- The new joint venture company will acquire the exclusive license of ERG’s multi application smart card solution (MASS) technology in the Netherlands, which supports both contact and contactless smart card technology. ----------------------------------------------------------- This will provide a common infrastructure for cards issuing a reload across the Netherlands, allowing the scheme to be extended to transit operators, tolls, and other organisations seeking to issue multi application smart cards in the Netherlands, according to ERG ceo Peter Fogarty. ------------------------------------------------------------ “The formation of the joint venture is a breakthrough for ERG as it represents the first time our technology has been adopted by major banks and linked to bankcards,” Fogarty said. ----------------------------------------------------------- “The joint venture also means that the Netherlands is the first to totally adopt a common technology solution for the contact and contactless smart card across an entire nation.” ----------------------------------------------------------- “Cardholders of Dutch banks will benefit from having a wide range of applications for a single smart card,” Fogarty added. ----------------------------------------------------------- The move by Interpay to adopt ERG’s MASS technology follows the recent intention of the Dutch banks to adopt the Proton smart card technology as a universal smart card platform. ----------------------------------------------------------- 6 August 2001 [ Next Thread | Previous Thread | Next Message | Previous Message ] |