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OaSIS TECHNOLOGY, SILVERLINE, Giesecke & Devrient, Ingenico, Smart chip

Debit, credit, micropayments and loyalty integrated on a single microchip

AMSTERDAM and TORONTO, May 9, 2001-Oasis Technology, Silverline's CIT
ePayments Division, Giesecke & Devrient (G&D), Smart Chip Technologies Inc.,
Ingenico and Cardis today announced the formation of an alliance to develop
and market an Internet capable, multi-application smart card payment suite.
Under the project name Solstice, the members will integrate EMV (Europay,
MasterCard, Visa) card payments with loyalty programs and micropayments on a
single microchip. The payment suite also includes merchant, acquiring,
issuing and settlement systems for the physical, virtual, and mobile worlds.

Market analysis and consumer feedback from smart card trials and programs
around the world, point to the benefits consumers see in having one card
combining all their key banking and merchant relationships. In addition,
consumers demand a more secure platform to enable them to confidently
transact with the same card in both the physical and virtual worlds. This is
only possible on a multiple application smart card. It is this collective
analysis, shared vision, and combined expertise that brought these six
companies together in this initiative.

The formation of the alliance is timed to coincide with the imminent rollout
of EMV implementations that will result in the replacement of magnetic
stripe cards with industry standard hybrid chip and striped credit cards. In
addition to much stronger security and authentication, the product suite
will provide opportunities for banks, card issuers, acquirers, major
retailers and service providers to offer cardholders and merchants enhanced
features such as traditional payments linked to loyalty and micropayments.
The card will be designed for use at physical locations, online storefronts
and with mobile devices.

Collectively, the alliance members hold several patents for microchip-based
functions, making the new card one of the first smart cards to house all of
the functionality on the chip. Oasis will provide software to facilitate
merchant and card accounting, switching and settlement in addition to a
virtual credit card. Giesecke & Devrient will provide its smart card,
including embedding and fulfillment; Public Key Infrastructure (PKI) card
applications, security modules and microprocessing knowledge, . Silverline's
CIT ePayments Division will provide PKI security server expertise,
on/offshore development, systems integration and implementation services.
Smart Chip Technologies will provide its patented multi-platform smart chip
loyalty application and Cardis will provide the micropayments engine
capability. Ingenico will provide point-of-sale (POS) devices and support

"Consumers are demanding a single secure card for all payment values and
loyalty applications that can seamlessly function in both the physical and
virtual worlds," explained Ashraf Dimitri, president and CEO of Oasis
Technology Ltd. "Solstice provides consumers with a variety of payment
options including micropayments - vital to opening the market for digital
content providers."

"These six companies are committed to the development of a true next
generation smart card offering the most sophisticated levels of security,
consumer payment options and loyalty rewards," added

James Frye, president of Giesecke & Devrient, Card Systems, United States
and Canada. "The pace of technology change and the complexities of
integration means Solstice will reduce risks and future proof solutions in
the market, so that systems operators and merchants can focus on their core

The alliance members will initially target North American banks, card
issuers and acquirers and the card associations before expanding their reach
globally. The new card will also be marketed to airlines, retailers, gas
chains, quick service restaurants, and Internet digital content providers.

About The Alliance

The alliance is comprised of six companies:

Oasis Technology Ltd is a leading provider of software to facilitate
payments any time, any place on any device. Oasis is the only company
providing payment software for every step of the transaction process for
financial institutions, retailers, card associations or any business focused
on payments.

Silverline [NYSE: SLT] is an international software development and
integration services firm, with over 2,600 software professionals worldwide.
Silverline provides a comprehensive set of eBusiness consulting and IT
services, including strategic consulting, creative design, technology
integration and implementation, as well as management and maintenance of
Internet and legacy applications. CIT, the ePayment division of Silverline,
provides end-to-end solutions and systems integration for ePayments;
electronic banking service delivery for the real, virtual and mobile worlds
of commerce; payment and loyalty based smart card solutions; Public Key
Infrastructure (PKI) security and implementation and professional services
associated with these offerings.

Giesecke & Devrient (G&D) is an internationally operating technology group.
With nearly 150 years of history, the Giesecke & Devrient of today upholds
their tradition as a trusted leading supplier of banknotes and security
documents; banknote, security paper and currency automation systems; as well
as cards, components and complete multifunctional Smart Card systems for
electronic payments and telecommunications.

Smart Chip Technologies [OTCBB: SCTN] is an end-to-end loyalty and
cause-marketing program solutions provider. SCTN licenses its patented
e-llegianceä multi-platform smart chip loyalty application for smart cards
and smart devices, and POS terminals. SCTN also provides complete loyalty
program management, transaction processing, and accounting services through
its LoyaltyCentralä software and back office operation.

Cardis is an innovation and licensing company based in Amsterdam, The
Netherlands. Cardis specializes in advanced smart card payment systems and
has a portfolio of patented innovations.

Ingenico Group is the World's No. 1 supplier of secure transaction systems.
It designs and produces terminals and systems for electronic payment.
Ingenico has invested heavily in Research and Development to achieve
technological advances in both hardware and software, which have greatly
contributed to setting new standards in the industry.

For further information:

Neil Parmenter, Oasis Technology 416-228-8000 ext. 2324

Richard Bevis, Silverline 732-584-5828

Ray Ayotte, G&D 905-946-2803,

Richard Hauge, Smart Chip Technologies, Inc 408-225-8074

Robin Townend, Cardis BV +44 1328 830125

Caroline Brochard-Garnier, Ingenico Group 33 (0)1 46 25 82 56 cbrochard

This press release was distributed by ResponseSource Press Release Wire on behalf of Silverline Technologies in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit