Australian Vendor Joins Global Smart Card Group
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Australian e-commerce and smart card company Keycorp has helped initiate a worldwide organisation to promote a standard infrastructure for the smart card industry.
The group aims to reduce barriers to the development of cross-industry, multiple application smart cards, by collaborating to promote a standard global infrastructure and the wider adoption of multiple application smart cards.
"Business progress is being hindered by competing smart card technologies," said Visa International's executive vice president for Australia and New Zealand, Hilton Sack. "GlobalPlatform will pursue the opportunity to standardise infrastructure while allowing solutions providers to develop competitive or unique product capabilities."
"Keycorp sees Visa's initiative in establishing GlobalPlatform as a significant development in the worldwide move towards standardisation of smart card platforms," said Keycorp managing director, John Wood. "This has to be good news for the smart card industry, for card issuers and for consumers in Australia and other countries who are looking for the security and convenience benefits that smart cards deliver."
Australian telecommunications carrier Telstra is also yet to join the initiative, after investing last month in a smart card joint venture company with ERG and the ANZ Bank, which aims to develop a common platform for the Australian market.