Reliable Software Technologies (RST), the leading software assurance technology vendor, announced yesterday that Visa International, the world’s leading card payment network and brand, has selected the firm to provide security assessment, analysis, and testing of Visa e-commerce systems based on smart cards.
Visa’s leadership in the adoption of smart card technology, which provides considerable conveniences to consumers, is evidenced by the fact that more than 22 million smart cards have been issued by Visa’s member banks worldwide. A smart card looks like a credit card in appearance, but has a microprocessor embedded into its plastic. Smart cards can be used for multiple purposes, including payment functions such as credit and debit, electronic wallets to store monetary value, security identification, loyalty applications, or storage of information such as medical records and insurance data.
“Visa is fully committed to fostering development of a secure electronic commerce marketplace,” said Dr. Ken Ayer, Visa Chip Card Security Manager. “We chose RST as one of our partners in developing smart card security technologies to help us take e-commerce to the next level. RST’s significant experience with Java and e-commerce security will be invaluable as Visa advances its Java-based Open Platform smart card architecture.”
For these projects, RST will analyze design specifications, develop threat models, and perform risk assessment of smart cards. The company will then provide security testing and assurance services for smart card products based on identified risks. Smart card security will be enhanced and assured as a result of RST’s work.
“We are pleased to have been chosen by Visa for their smart card security projects,” said Gary McGraw, Ph.D., RST vice president and co-author of the book “Java Security: Hostile Applets, Holes and Antidotes.” “Visa is playing a major role in electronic commerce. Our mutual contributions will help make it as easy and safe for merchants and consumers to conduct business in the virtual world, as it is in the physical world.”
Recently, RST’s work has focused on Java Card 2.0, one of the industry’s most advanced smart card systems. A Java Card is a smart card that is able to interpret Java byte code, similar to the way Java-enabled browsers can. Java Card is a pared-down version of Java based on a subset of the Java API, plus certain special-purpose card commands. Visa is playing a leading role in development of Java-based smart cards through its Open Platform initiative.
Visa is also actively developing standards for e-commerce such as the Secure Electronic Transaction (SET) protocol. By utilizing a combination of encryption, digital certificates and digital signatures, SET will become an integral part of the way millions of consumers transact commerce safely and securely over the Internet.
About Reliable Software Technologies
Founded in 1991, RST researches, develops and markets software assurance technologies designed to help software development organizations deliver the highest quality products. RST invents tools and techniques in testing, reliability, safety and security for the entire lifecycle of critical software applications. Learn more about RST on the Web at .Details