ID Data signs £2 million m-commerce SIM contract Thursday 28 June 2001 PDF Print ID Data plc, the fast growing UK supplier of secure transaction systems and smart card services, today announces the Company has entered into a contract with Prism Holdings (Pty) Limited, a South African-based leader in secure electronic transaction technology, to deliver Prism's range of SIMetrix and aSIMetrix secureSIMs, for mobile operators in the Far East. ID Data will supply high security Subscriber Identification Module (SIM) cards with initial orders worth over £2 million. The aSIMetrix product, that includes both a Wireless Internet Browser (WIB) and advanced cryptographic and banking features, offers operators and other users a platform on which to develop secure, transparent applications in the business-to-business and business-to-consumer arenas. The SIMs allow secure m-commerce transactions to take place using a WIB developed by Prism in accordance with the Sonera Smartrust WIB specification. Over 70 global GSM network operators have adopted this technology. Prism’s aSIMetrix product also incorporates a host of additional transaction-security applications (plug-ins) to cater for the non-repudiation, identification, authentication, and privacy (encryption) needs of mobile commerce (m-commerce) for the foreseeable future. The focus of Prism and ID Data's joint efforts has centred on resolving some of the major issues surrounding the build and personalisation of the SIM cards, in order to reduce time-to-market. The SIMs currently use 32K & 64K flash silicon-based technology, although ROM masked versions are also being considered. These developments represent a significant step forward for m-commerce and secure transaction technology using flash silicon for the first time. The partnership has resulted in the parties already receiving firm orders for volume delivery of the new SIMS in the next few months. Peter Cox, CEO of ID Data says the decision to partner with Prism followed intensive due diligence of the aSIMetrix SIM. “It became clear that the Prism product was far ahead of the competition in its ability to host secure transitive applications on the SIM; and this first GSM announcement has once again confirmed the capability of ID Data to find major business and beat the current leaders in the GSM market in gaining leading edge contracts.” Steve Sidley, Sales Director of Prism commented: “A partnership with ID Data serves to increase our current global reach and will buttress our own supply chain network and given the future of transitive m-commerce, we are extremely excited about our relationship with this innovative company.” The growth potential for secure WIB-based SIMs is encouraging as the products will allow banks and similar organisations to integrate secure transaction processing into their current account, credit card and debit card product offerings for high net worth mobile clients. They will also open secure over-the-air (OTA) access to personal account information for all customers, which will further advance the relationships being developed between mobile operators and the banks to offer enhanced value added services. For further information, please contact: Peter Cox CEO, ID Data plc Tel: +44 (0) 1536 207 000 Email: firstname.lastname@example.org Steve Sidley Executive Director: Group Sales Prism Holdings Tel: +00 27 11 467 0100 Email: email@example.com Issued By: Bankside Consultants Limited Henry Harrison-Topham / Russell Elliott Tel: +44 (0) 20 7220 7477 Email: firstname.lastname@example.org / email@example.com Note to Editors: ID Data plc: ID Data plc ("ID Data") is a fast growing supplier of secure transaction systems and smart card services to the international telephony, banking, retail and secure access sectors. Founded in 1988, ID Data plc is a 'One-Stop Shop' in the world of plastic card technology, which can offer end-to-end solutions for card-based requirements. Throughout its development, ID Data has strived to provide systems and solutions to meet the diverse and demanding requirements of customers, and now ID Data is establishing a reputation as a major provider of card technology for some of the most complex card solutions in Europe. The Company strategy of moving from commodity products into value-added services and solutions has created a solid platform on which to build further growth. Clients include Barclays Bank, Tesco, Exxon Mobil, BT and C & W. ID Data has formed agreements with major global corporations to ensure rapid market development as shown by their partnerships with TTi, Toshiba and Toppan. ID Data entered the Banking sector with their contract with Barclays. The company has now delivered in excess of 6 million chip cards for banking in the UK, giving it an estimated 32% market share after less than 18 months in the business. ID Data also launched its "IDDEAS " GSM product at the World congress for GSM in Cannes last February and has gained significant operator interest plus trial orders which are anticipated to develop into positive future business over the coming months. Website: http://www.id-data.co.uk Prism Holdings (Pty) Limited: Based in South Africa and with operations in the Far East and UK, Prism Holdings (Pty) Limited is listed on the main board of the Johannesburg Stock Exchange. The company is a global leader in the development, implementation and integration of secure electronic payment technologies and solutions. Prism provides secure technologies and services in the narrow, specialist transacting space between buyers and sellers, for businesses and for consumers, making it more convenient and more secure to transact electronically across personal, local and global networks, both wired and wireless. Its secure electronic payment technologies and services reduce risk and increase convenience in the physical and virtual worlds of commerce. The Prism Group has over a decade of experience in this highly specialised niche. Website: http://www.prism.co.za This press release was distributed by ResponseSource Press Release Wire on behalf of Lothbury Financial in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.