Market Overview

NBS Technologies Granted Canadian Patent for Smart Card Personalization

NBS Technologies Granted Canadian Patent for Smart Card Personalization

NBS Technologies is granted Canadian Patent #2331494, entitled 'Smart Card Personalization in a Multistation Environment.'

(PRWEB) October 25, 2010

NBS Technologies Inc (NBS), a leading provider of smart card personalization hardware and software solutions, today announced that the Commissioner of Patents of the Canadian Intellectual Property Office has issued the company a patent for the personalization of smart (EMV / chip) cards in client/server based environments.

Patent #2331494, entitled 'Smart Card Personalization in a Multistation Environment,' recognizes NBS' ability to produce personalized smart cards on a multitude of devices which are connected to a server PC responsible for data preparation and cryptographic operations. NBS' technology enables the personalization of smart cards, including financial, ID, contact or contactless cards.

With NBS' smart card personalization environment, card issuers can offer a myriad of smart card personalization options on a multitude of devices without the need for spending funds on increased cryptographic devices or support of multiple development environments. This flexibility greatly reduces the total cost of ownership of a card producer's smart card personalization process. The architecture also increases the security of the system as all data preparation, including confidential operations, takes place in a secure environment at the Server.

“We are extremely excited with the issuance of this patent for smart card personalization,” said Ramesh Ajitaprasad, General Manager of NBS' Software Division. “NBS pioneered the server-based approach to smart card personalization for central issuance. This technology is also the basis for NBS' Xpressi™ software, the instant card issuance solution that is used by customers worldwide for issuing Credit and Debit smart cards – both contact and contactless.”

NBS believes that this patent recognizes NBS as a clear leader in the Canadian marketplace for smart card personalization. NBS holds many software patents for card issuance and card production equipment in several countries throughout the world.

For more information about NBS' smart card personalization technology, please visit http://www.nbstech.com

About NBS Technologies

For over 30 years, NBS Technologies remains a leading provider of equipment for card personalization, EMV compliance/migration, smart card and semiconductor manufacturing, secure ID, and payment solutions for financial institutions, governments, and corporations worldwide. The company manufactures specialized and complementary product lines within its Smart Solutions, and Payment Solutions divisions. NBS Technologies' head office is located in Canada with locations in USA, France and the UK, along with a worldwide dealer network. For more information, visit http://www.nbstech.com.

NBS Technologies is a wholly-owned subsidiary of Brookfield Asset Management (http://www.brookfield.com). Focused on property, power and infrastructure assets, Brookfield has over US$100 billion of assets under management and is listed on the New York and Toronto stock exchanges and Euronext.

NBS and the NBS logo are registered trademarks of NBS Technologies Inc. in Canada and the US and trademarks in other countries. Xpressi and the Xpressi logo are trademarks of NBS Technologies Inc. with registration completed or pending in Canada, European Union, Peru and Chile.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2010/10/prweb4697264.htm

 

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