iPIN announced a partnership with Gemplus, the world’s leading provider of smart card based solutions, to jointly develop advanced security features for Web and Wireless transactions. The partnership extends both companies’ authentication and payment technology applications to offer global banks and mobile operators greater transaction security for their customers. The agreement will encompass marketing, sales and implementation with joint partners.
Applications for smart card technology have broadened into phone card services, mass transit and toll, PayTV, and also wireless communications. With these applications comes the need for secure payment architecture behind the authentication device. This partnership fuses Gemplus’ strong authentication technology based on smart card wireless telephony (SIM Card) with iPIN’s flexible payment and settlement solution that can be applied to the wide forum of smart card applications.
! Having just been awarded the 2001 RSA Security Award for Excellence in the Field of Industry, Gemplus will integrate their full suite of smart card and authentication server solutions with iPIN’s e-payment platform and Scalable Authentication Module, providing a technology that can be seamlessly integrated with mobile operators and financial institutions worldwide. The venture will support all major standards, such as SMS, CSD, GPRS, WAP, and 3G.
“Users of iPIN’s m-commerce platform will be able to conduct secure purchases with Gemplus’ range of authentication solutions. Our joint offer guarantees that sensitive information and wireless purchases can be made with confidence because the connection is secure and authentic. In fact, Gemplus and iPIN solutions are offering banks and telcos the ultimate tools to ensure end-to-end complete secure payment,” said Patrick Imbert, director, mobile commerce group, Gemplus.
“With this combined technology, the client will be able to choose their appropriate level of authentication technology guided by different transaction amounts,” stated Bradley Rode, CEO of iPIN. “With Gemplus’ digital signature, wireless transactions can be offered with the highest level of security, which is a critical building block for banks, telcos, and merchants because the non-repudiation of transactions can be guaranteed.”
Gemplus (http://www.gemplus.com) is the world’s leading smart card solutions provider. Since its creation in 1988, Gemplus International S.A. (Euronext: Sicovam 5768; Nasdaq: GEMP) has driven the global marketing and deployment of smart card-based applications for telecommunications, financial services and e-business security.
According to the most recent third party research, Gemplus leads the industry with 35% market share by volume in memory and micro-processor cards (Gartner Dataquest, 2000). Gemplus is instrumental throughout the value chain — chip design, card management systems, software development, and consulting — delivering integrated custom-made solutions for the security, personalization and privacy management needs of clients and partners worldwide. Gemplus technology has played a defining role in the development of wireless telephony since the introduction of SIM cards into the GSM standard in 1990. For more than a decade, Gemplus has pioneered applications that enable network operators around the world to answer the changing needs of their customers. Gemplus was first to market with a 3G card and supplies a product range compliant with new and emerging transmission standards — 2.5G, 3G.
In 2000, revenue was 1.205 BE, up 57% from the previous year’s 767ME. Net income was 99 ME. Gemplus employs more than 7800 people in 37 countries worldwide. Since 11 December 2000, Gemplus shares have been trading on Euronext Paris S.A. First Market and on Nasdaq in the form of ADSs.
iPIN is the leading provider of global Internet and wireless payment technologies to financial institutions, telecommunication providers, portals and merchants. iPIN enables its partners to offer modular payment products to support business-to-consumer, person-to-person and business-to-business applications in both the Wireless and Web environments.
iPIN enables users to easily and securely pay for Web and Wireless purchases using existing financial relationships, such bank accounts, credit cards, debit cards, ISP and wireless bills, pre-paid accounts, and cash. The iPIN technology identifies and authenticates the user without transmitting any personal or financial information over the Internet and is easily configured to any transactional and payment architecture. In addition, it enables transactions of any value and provides real-time support for most currencies and languages. iPIN offers its technology either as an application service provider (ASP) or as a service license. Customers include British Telecom, France Telecom, Club Internet, and Internet Gold among others. These relationships represent a base of 75 million users.