Word: gemplus
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Dates: during 2000-2000
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...card, introduced this month under the name GemUtilities, is made by France's Gemplus, which in only 12 years of existence has become the world's leading producer of smart cards--with Gloton as its director of technology and resident genius. Americans have lagged behind Europeans in the use of smart cards but are starting to catch up. Last month Visa said it would begin issuing smart cards designed by Gemplus. They will compete with American Express's new Blue smart card, which can be used in personal computers equipped with card readers. These systems provide excellent security for online...
...thirds of the world's smart cards, a $12 billion business set to explode as companies discover the limits of the familiar magnetic-strip card, which can hold relatively little information and is not nearly as secure for e-commerce. Jean-Marc Giry, vice president for strategic marketing at Gemplus, one of three French firms that dominate the world market for smart-card banking applications, expects most U.S. banks and credit-card companies to begin issuing smart cards this year...
...companies on the list from the smart-card sector are Gemplus and a smaller German firm, ASG. They are both well positioned to cash in on the mobile-commerce craze, says Caroline Martin, an e-commerce analyst in the London office of Datamonitor. So-called SIM cards are already present in all European mobile phones to identify users for billing purposes. Once new phones with wireless Internet access come on the market, these smart cards will be used to encrypt a consumer's credit details and send them securely to merchants over the Internet...
...Gemplus' Giry anticipates a global explosion in the use of smart cards. "The potential applications are innumerable and provide almost total security and reliability of identification," he says. Giry explains that the cards themselves are inexpensive to produce, so that the only brake on use has been unwillingness of merchants to invest in readers and communications devices. The countries that have not adopted smart cards have been waiting until losses from fraud and theft start to outweigh the costs of updating hardware...
...their PCs at reduced prices. Noting Motorola's decision last year to pull out of an already tight global smart-card market, Giry expresses confidence that new players will not be able to take on the three French companies that have more than 70% of the global-production market: Gemplus, Schlumberger and Bull...