NBS Technologies Inc. and Bull announce today their agreement to jointly develop terminals for the smart card and stored-value (electronic purse) card market in the United States and Canada.
NBS and Bull will combine technologies to provide state-of-the-art products and will partner on worldwide distribution. The first product to be introduced addresses the powerful growth potential of the smart card market. An advanced terminal with a large graphic display, an integrated high-speed thermal printer, a smart card reader, and support for multiple SAMs (secure application modules), the product is designed to address the needs of credit, debit, and smart card applications. With its compliance to EMV, IMV, Mondex and international standards, the product’s capabilities extend through traditional credit/debit functionality to the latest electronic commerce applications based on smart cards, such as stored-value, loyalty, and health care.
A pilot program for the new product is scheduled for early 1998. In addition to this latest product, NBS and Bull will be sharing resources, personnel, and expertise to bring additional products to the market in the near future.
“This agreement is characterized by the complete synergy and sharing of technology concepts between the two organizations,” remarked Neil Hudd, President of NBS Transaction Systems. “The partnership provides Bull and NBS the ability to jointly develop a product which will meet and exceed the demands of the global financial, commercial, and healthcare industries.”
“Applications for smart cards and stored value cards are growing exponentially,” said Philippe Bontemps, Bull EFT Business Unit Marketing Director. “The Bull/NBS product will have the technology to drive the market while having the flexibility to adjust to market changes and new applications. Together with our customers, we will effectively manage tomorrow’s cutting-edge applications for smart cards and stored-value cards.”
The teaming of NBS, the predominant supplier of point-of-use terminals to the Canadian financial industry, and Bull, the worldwide leader in providing smart card and stored-value card terminals, provides organizations with the resource to advance into the explosive growth potential of smart cards and stored-value cards in North America. “The proven effectiveness of NBS and Bull as leading suppliers in Canada and worldwide will be brought forward as the world moves toward very advanced forms of electronic commerce,” added Hudd.
In the payment terminal area, which is the subject of this agreement, Eric Pradier Vice President Bull Personal Transaction System, declared “Bull, the leading supplier in Europe with a 22.5 percent market share and third largest supplier worldwide, is investing heavily in this promising area, resulting in growth of 87 percent in the first half of 1997. This partnership with NBS is a critical step to achieving a significant position in the largest market in the world.”
NBS Technologies Inc. is a multinational information technology company that designs, manufactures and markets an integrated line of point of sale transaction automation systems, secure identification and access control systems, plastic cards and related products and services, and digital electronic variable printing systems. Customers cover a wide range of market segments including financial institutions, hospitals, universities, government agencies, retailers, oil companies, and marketing organizations. NBS is a Toronto-based public company with operations in Canada, the United States and the United Kingdom. The company’s shares are listed on the Toronto Stock Exchange under the symbol “NBS.”
Bull, founded in 1933, is a US $5.3 billion international information technology group. Europe-based, Bull earns over 60 percent of its revenue outside of France, its country of origin. The group’s business portfolio, focused on the development and deployment of its customer’s IT infrastructure, includes mainframes, open systems, personal computers, selected software tools, and IT related services. In Europe, Bull is ranked as the third-largest systems integrator and the fifth-largest in customer service. Bull is recognized in the IT industry for innovation in areas such as multiprocessing systems, network systems management, smart cards, mobile PCs, and security.Details