CardsNow!Asia names StepNexus MULTOS as the winner of Technology Excellence in Banking

 

SAN FRANCISCO August 02, 2006 StepNexus Inc., the premier provider of the world’s first open, high-security, multi-application, smart card operating system MULTOS™, today announced that it has received the D’ucoty Award for the Technology Excellence in Banking. 

 

The D’ucoty 2006 South East Asia Award was presented at CardEx Asia 2006 on July 24th in Kuala Lumpur, Malaysia, by the leading industry publication, CardsNow!Asia.  It was established to recognize organisations that have demonstrated outstanding industry excellence and that have made significant contributions to the smart card industry within South East Asia. 

 

Open to organisations in the card industry, there were 9 award categories offered within 3 main sectors; Government, Telecommunications, and Banking.  StepNexus MULTOS was awarded one of the prestigious awards within the Banking category, the Gold award for Technology Excellence.

 

Accepting the award, John Dukellis, Vice President of Corporate Development, StepNexus Inc. said, “It is indeed an honor to receive this award on behalf of the MULTOS team at StepNexus.  This award is a testament to the market leadership of MULTOS in bringing widespread interoperability and multi-sourcing to the card market worldwide.  MULTOS Consortium members offer the fullest range of interoperable products for customers to ensure a clear path into the future, and they are on the bleeding edge of enabling converged services on multi-application cards across financial, transit, government ID, and telecom sectors.”

 

MULTOS, a high-security, multi-application smart card operating system provides card issuers with the opportunity to define their own card programs and to deliver services with their own smart card applications or those of other third-party Application Providers. It enables a flexibility of technology choice without equal within the smart card industry and an easy to deploy solution for card issuers.  MULTOS has been widely adopted by over 50 banks in the Asia Pacific region.

 

This prestigious smart card industry award is bestowed annually to the most significant market leader of the smart card technology during the previous year.

 

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Notes to Editors

 

MULTOS: The Platform for Government and Financial Services

As StepNexus’ flagship smart card system, MULTOS is the world’s highest security, open standard smart card platform.  It allows card issuers and application providers to share space on a single chip platform.  A range of applications ranging from payment, authentication, digital identity, biometrics, loyalty, and contactless ticketing may securely reside on a MULTOS powered chip.  More than 50 million MULTOS smart cards have been issued in over 30 countries, in projects ranging from banking, national identity, campus security, secure ID and transit.

 

About StepNexus:

StepNexus is a joint venture between Oak Hill Venture Partners, Keycorp, Hitachi and MasterCard International, dedicated to extending trusted environments to remote devices. StepNexus acquired all intellectual property of MULTOS – the world’s highest security, open standard smart card platform, and StepNexus Services now operate the Global Key Management Services for MULTOS.  The company also own Nectar™, the first implementation of Microsoft .NET on smartcards.  StepNexus’ secure packets content delivery mechanism enables device issuers of any StepNexus platform to permit third-party content providers to deliver additional services while maintaining security and the trusted environment. For more information visit www.stepnexus.com

www.multos.com