Deploying GlobalPlatform Specifications within financial smart card programs can:

• Facilitate migration to EMV by providing a cost effective and open infrastructure
• Enable the issuer or approved third parties to download further value-added applications to payment cards post-issuance
• Protect the issuer's investment, by 'future-proofing' the program against business decisions which have not been made at the time of deployment. GlobalPlatform's flexible and scalable infrastructure can accommodate significant changes to the program post-issuance.

Financial Implementations:

Australia New Zealand (ANZ) Bank
In November 2001, ANZ introduced its first branded GlobalPlatform credit cards, which deployed the GlobalPlatform Card Specification v2.0, to upgrade one million existing ANZ First and ANZ Gold Visa credit cards to chip technology. The program also aimed to replace 80,000 merchant credit card terminals with a new chip-enabled electronic payment terminal network called MultiPOS. By the end of 2005, over 900,000 GlobalPlatform cards had been issued to ANZ customers and approximately 50,000 terminals were upgraded to MultiPOS, throughout Australia and New Zealand.

The applications on the smart cards include EMV payment, chip loyalty / electronic coupons and secure e-commerce. The card can also be used in the 3D secure environment over the internet for cardholder authentication.

ANZ was the first bank in Australia to introduce a fully functioning, end-to-end chip technology system for customers and retailers. This project was effectively the first smart credit card system in Australia supported by chip-enabled merchant terminals. By upgrading customer cards and replacing terminals, ANZ put in place the foundation for a broad-based introduction of chip cards in Australia.

GlobalPlatform member solution providers include Datacard Group, Giesecke & Devrient and Visa Inc.

BC Card Project
Korea's largest credit card issuer, BC Card, selected Bell ID's ANDiS Management System for the roll-out and management of its multi-application smart card program. The ANDiS Management System supports the issuance and management of BC Card's multi-application EMV smart cards, which are based on MULTOS and GlobalPlatform technology. Bell ID's ANDiS was the only Smart Card Management System (SCMS) that allowed BC Card to effectively manage approximately 17 million EMV-compliant credit cards for eleven Korean banks and credit card companies over a three year period. Since the live launch of this project in January 2005, BC Card has issued in excess of 300,000 cards.

Credit and debit are the initial on-card applications. Other applications such as electronic cash and transit are available via the ANDiS Post-Issuance Personalisation (PIP). PIP is a service that enables card issuers and cardholders to add or delete on-card content via the internet and mobile handsets, and thus eliminates the need for BC Card to reissue the entire card base if and when changes occur.

Cardholders use the BC Card more often than any other cards in the market. As a result, BC Card has become the leading and largest credit card company in Korea that uses an effective SCMS. BC Card could further expand ANDiS through market movement such as loyalty and membership services.

GlobalPlatform member solution providers include Bell ID.

Beijing Transit Card Contactless Micro-Payments Scheme
In 2006 KPay, a Bejing-based service provider responsible for setting up a POS network for Beijing contactless transit card top-up and retail payment, sought POS terminals to support a secure multi-application environment enabling prepaid, loyalty and contactless payment at an affordable price. KPay partnered with Blue Bamboo to integrate contactless IC technology into the Blue Bamboo H50 GPRS Terminal. This device uses GlobalPlatform device technology – the GPD/STIP Specification – as the software platform to offer flexibility for further functionality, such as gift and loyalty applications. The purpose of the collaboration was to provide a POS solution subsequently deployed into local convenience stores, where Beijing transit cards have been accepted for 'tap-and-go’ retail purchases since June 2007.

By complying with the GPD/STIP Specification, Blue Bamboo’s H50 GPRS terminal enables multiple applications to securely reside side-by-side on a device. Increased return on investment (ROI) can be realized as additional programs (e.g. gift, loyalty, financial payment etc) are added to the existing deployed infrastructure.

The H50 infrastructure is updated efficiently using the GPRS OTA (over-the-air) capabilities of the platform, bringing greater value to system integrators. Remote application download significantly enhances the deployment cycle, time to market and ROI of terminal investment.

As of November 2007, 15 million transit cards, issued by Beijing Municipal Administration & Communication Card Co. Ltd. for use in the subway, buses and taxis, were being accepted for ‘tap-and-go’ retail purchases at various retail outlets across the city including supermarkets, restaurants, bakeries, drug stores and theatres. When compared with PIN-entry or magnetic stripe cards swiped at check-out, contactless payment cards offer a faster and more convenient transaction method for both retailers and cardholders. It is estimated that 2,000 Blue Bamboo terminals were deployed by mid 2008.

This is the first time GlobalPlatform device technology has been used in a deployment which combines contactless, payment and transit applications and offers a clear demonstration of the advantages GlobalPlatform technology can bring to secure, multi-application and contactless deployments, regardless of industry or geographical market.

GlobalPlatform member solution providers involved in this initiative include Blue Bamboo.

Citibank CitiSmart
In December 2001, Citibank launched a MasterCard branded card in the US called CitiSmart. Citibank projected it would issue four million smart cards throughout the program. The CitiSmart card combined a charge card and credit card, enabling cardholders to use the card to securely shop on the internet and make purchases in stores with a credit application stored on both the card's chip and magnetic stripe.

Citibank's smart card functionality includes an EMV payment application, an electronic wallet for storing frequently visited website URLs and other data such as payment account numbers and shipping addresses as well as a loyalty application for frequent-shopper programs. Citibank provides a free PC-based card reader to its clients.

GlobalPlatform member solution providers include ActivIdentity, Datacard Group, Gemalto and MasterCard Worldwide.

Daejeon Project
In October 2003, Visa Cash and Hana Bank launched a project to transform the city of Daejeon into a 'digital city' which involved the issuance of GlobalPlatform smart cards with transit functions. The first phase of the project targeted a customer base of 500,000 cardholders between the ages of 14-24. Hana Bank issued multi-functional cards to customers over the age of 18 and single cash applet only cards to customers under the age of 18. Both cards carried the Visa Cash, membership, loyalty, ID, and internet applications. Only the multi-functional cards targeted at 18 and over carried the Visa Smart Debit Credit application.

In addition to payment capabilities, the GlobalPlatform smart card allows for personal portable storage capabilities in the area of online transaction certification, ID student cards, and medical card functions.

Visa's role in the project was to provide the e-purse system and services, installing the infrastructure for Hana Bank, reloading the card, and coordinating with City Hall, Hana Bank, and other vendors. Hana Bank was responsible for issuing and personalizing the cards, settlement, installing the infrastructure, and arranging for the system provider. City Hall was responsible for service planning, policy and regulation, and coordination.

GlobalPlatform member solution providers include NXP Semiconductors, and Visa Inc.

Emporiki Bank
In 2004, Emporiki Bank implemented ACI's Smart Chip Manager for Card and Application Management™ (CAM) to enhance the existing SCMS technology and serve the high number of visitors expected to visit the 2004 Olympic Games. ACI's SCMS solution utilizes GlobalPlatform's SCMS Functional Requirements and Profile and Scripting Specifications. This solution enabled Emporiki Bank to adapt to consumer demands and quickly bring new card products to market.

This solution proved to be comprehensive as well as quick to install. The entire project took nine months from start to card issuance. Emporiki further reinforced its reputation as a leading bank in Greece by being the first to issue EMV cards and offer enhanced services based on additional applications on these cards.

In August 2005, Emporiki used Smart Chip Manager to add a loyalty application to the cards. By September 2006 approximately one million EMV debit and credit cards were managed by ACI's SCMS solution.

GlobalPlatform member solution providers include ACI Worldwide.

Finnish National Smart Card Payment Program
Luottokunta is the leading payment card service company in Finland. In 2000, Luottokunta implemented a smart card issuing, management and processing solution. The solution incorporated an open systems technology that enabled migration from single application EMV smart cards to multi-application GlobalPlatform smart cards.

In the spring/summer of 2005, Luottokunta launched the first phase of its national smart card payment program - the first of its kind in Finland. The project was completed by the end of 2005. The smart cards enable EMV payments and provide a platform for issuing other applications such as government programs, ID, advanced loyalty and travel. Post-issuance capabilities were added in 2006. The initiative supports 1.5 million cards.

GlobalPlatform member solution providers include Datacard Group and Giesecke & Devrient.

First Investment Bank of Bulgaria
In September 2005, First Investment Bank, one of Bulgaria's fastest developing banks, implemented Bell ID's ANDiS4EMV solution, based on GlobalPlatform systems technology, to drive EMV compliance for the issuance and management of its multi-application smart cards. The solution gave issuers, such as First Investment Bank, the benefits of fast data preparation, cryptographic key management, EMV parameter management, EMV scripting, Post Issuance Personalization (PIP), and a basic card management environment for single application cards that can be migrated to multi-application cards in later phases.

GlobalPlatform member solution providers include Bell ID.

First National Bank of Omaha
First National Bank of Omaha became the fifth US issuer to offer a Visa smart card, based on GlobalPlatform technology, in September 2002. First National branded its smart card smartOneSM and it was issued with a free card reader and reader software to each cardholder account. Upon installation of the reader and software on the cardholder's PC, and with the card inserted in the reader, the cardholder retrieves a passcode for the card. Upon subsequent visits to the bank's website, the cardholder inserts their card and passcode to authenticate their identity to the site for secure online transactions.

The smartOneSM card incorporates the Visa Smart Debit & Credit application (VSDC). All First National smart cards also offer fileItSM Convenience Storage, a data storage application that the cardholder can use to store and port personal information. The data is kept secure by the same passcode access the cardholder uses for web authentication. First National will continue to develop card features that will provide added value and convenience for their smart card customers.

GlobalPlatform member solution providers include DataCard Group, Gemalto, Oberthur Card Systems and Visa Inc.

Mobile Banking Project
In 2004, Korea launched a mobile banking initiative, allowing citizens to perform bank related activities, such as money transfer and balance checking, with their mobile handsets. All Korean telco companies and banks were involved in this project which targeted a customer base of 35 million citizens, who over time will have the banking function incorporated into the handset. At least 2.5 million mobile subscribers are using this mobile banking function. The mobile banking chip application is based on the GlobalPlatform Card Specification v2.0.1 and is embedded in the handsets of four major handset manufacturers.

This service provides the telco companies with increased market share and profit as consumers are more likely to increase usage of their handsets. Visa reports that banks are also able to increase their market share and reduce costs by providing improved quality customer service and decreasing the need for direct customer care.

GlobalPlatform member solution providers include NXP Semiconductors and Visa Inc.

Nordea Bank Finland
In spring 2003, Nordea Bank in Finland became the first Scandinavian Bank to migrate to an EMV card program implementing GlobalPlatform technology in its migration. Nordea issued EMV cards based on GlobalPlatform's Card Specification v2.0 and Visa's EMV application, VSDC 2.4.0. The aim of this project was to reduce fraud, find a more secure card platform, in addition to one that could handle the addition of applications at a later stage.

It took two years for Nordea to migrate its entire card base into Visa Electron EMV GlobalPlatform cards on a normal monthly renewal basis. Between 2003 and 2005, Nordea issued approximately 630,000 cards to young consumers and corporate customers.

GlobalPlatform member solution providers include Visa Inc.

Royal Bank of Canada Avion Card
In June 2003, the Royal Bank of Canada (RBC) introduced an enhanced Avion Visa card that featured GlobalPlatform chip technology. It was Canada's first nationally available chip enabled Visa credit card.

The chip technology increased international credit card security for Canadian users and incorporates travel and loyalty programs, allowing cardholders to redeem loyalty points for over 200 merchandise items, gift certificates and even cash vouchers for RBC registered rewards.

GlobalPlatform member solution providers include Gemalto and Visa Inc.

Scotiabank Card
In November 2003, Scotiabank announced its partnership with Paymentech Canada to launch GlobalPlatform cards that contain a 'chip' that is both protected by a Personal Identification Number (PIN), and that will provide new and convenient payment options.

In the pilot program, consumer participants received a chip card, which they could use at chip-enabled, point-of-sale terminals as well as the common magnetic swipe terminals that most other merchants accepted. The new chip card authenticated the customer via a PIN instead of a signed transaction receipt. Paymentech Canada's participation in the pilot program includes the deployment of special chip-enabled, point-of-sale terminals to Paymentech merchants. In subsequent phases of the pilot, Scotiabank and Paymentech added additional payment options and enhancements.

GlobalPlatform member solution providers include Giesecke & Devrient and Visa Inc.

South Korean Chip Migration
The South Korean national chip card mandate that began in 2004 and will continue through 2008 says that:

• All domestic ATM cards must adopt proprietary ATM standards
• All international debit/credit cards must adopt EMV standards
• All cards must adopt a six digit PIN security code

By the end of 2006, five million Visa branded EMV cards had been issued, three million of which utilized GlobalPlatform card technology. By 2008, it is estimated that over eight million GlobalPlatform cards will be issued with proprietary credit applications and across multiple industries such as mobile banking, transit and ID applications.

GlobalPlatform member solution providers include Visa Inc.

Standard Chartered First Bank - 'First Check'
In January 2006, Standard Chartered First Bank (SCFB) in South Korea began issuing its 'First Check' check card in accordance with the new South Korean national chip card mandate. 'First Check' smart cards are based on GlobalPlatform card technology and contain a chip for PIN management supporting instant issuance and positive online authorization.

At least 500,000 'First Check' check cards have been issued. These have been preloaded with a proprietary ATM application plus Visa's Smart Debit Credit application (VSDC).

GlobalPlatform member solutions providers include Visa Inc.

Sumitomo Mitsui Card Corporation (SMCC)
In October 2002, Sumitomo Mitsui Card Co., Ltd. became the world's first issuer to launch a GlobalPlatform smart card that enabled new applications to be added to the card after card issuance. The innovative new service from the Japanese issuer allowed cardholders to download PC network access functions to GlobalPlatform multi-application smart cards. To download an application, cardholders were only required to insert the card into a reader connected to their PC and enter an ID and password for cardholder identification.

Sumitomo Mitsui Card Co. anticipated strong demand for this type of card, due to the flexibility for card issuers to react to changing market conditions and cardholder needs without the expense and effort of re-issuing the card. The organization issued 100,000 cards in 2003 and approximately another 50,000 cards were issued in 2004.

GlobalPlatform member solution providers include Datacard Group, Gemalto and Visa Inc.

US smart Visa
'smart Visa' is a multi-application smart card program, which was launched in September 2000. The smart Visa technology platform enables member banks and merchant customers to combine traditional payment cards with value added applications such as downloadable coupons, secure access to private internet information and, ultimately, the ability to download new card applications via the PC.

smart Visa was deployed by five issuers in the US - First National Bank of Omaha, First USA (Bank One Corporation), Fleet Credit Card Services, Providian Financial Corp and Target Corporation's Retailers National Bank. At least 12 million cards have been issued. US processors have upgraded their acceptance infrastructure systems to process chip payment and US device manufacturers have made EMV-compliant stand alone and multi-lane POS solutions available to merchants.

GlobalPlatform member solution providers include Gemalto, Giesecke & Devrient, Oberthur Card Systems, Sagem ORGA and Visa Inc.

Visa Wave - Malaysia
In April 2004, Visa Asia Pacific announced the national roll out of a contactless smart card program in Malaysia called Visa Wave. It was the world's first commercial implementation of a Visa contactless smart card program utilizing GlobalPlatform's interoperable multi-application technology and building on the global EMV smart card standard.

Visa Wave was a new form of contactless payment that removed the need to physically swipe the card in a reader. Visa Wave was specially developed for small and medium sized purchases and eliminated the need to provide a signature, input a PIN or hand the cashier the card. Payments are made via radio frequency similar to the 'tap and go' cards used in mass transit environments. Customers wave the card in front of the reader for payment to be securely deducted from the consumer's account. The Visa Wave card contains a Visa Smart Debit Credit payment chip and a single chip with contact and contactless interfaces. The world's first Visa Wave cards were issued by MBF Cards in Malaysia to over 2,000 consumers.

Today, various Malaysian card issuers participate in the program and offer Visa Wave to over 600,000 cardholders. From June 2005, Visa Wave cardholders were able to make contactless payments at a minimum of 4,000 merchant locations.

GlobalPlatform member solution providers include Visa Inc.

Visa Wave - Taiwan
In March 2005, Taiwan became the second market in the world after Malaysia to roll out a Visa Wave program. In November 2005, Watson, a retail pharmacy chain, and Chinatrust Commercial Bank launched a co-branded Visa Wave card to over 60,000 cardholders. The cards were accepted at 400 branch stores throughout Taiwan.

Since issuing the co-branded Watson Visa Wave card, Watson has seen a substantial increase in the average ticket size and monthly spending from customers using the co-branded Visa Wave card.

In January 2006, Chinatrust Commercial Bank launched a co-branded Visa Wave card with American wholesale retailer Costco. The Costco Visa Wave card was accepted initially at four Costco stores in Taiwan with over 240,000 cardholders.

GlobalPlatform member solution providers include Visa Inc.

Visa Wave Mobile - Malaysia
In April 2006, Visa launched a pilot program in Malaysia combining Visa Wave contactless payment technology and Near Field Communication (NFC) allowing 200 Maybankard Visa cardholders and Maxis phone subscribers to make payments via their cell phone at over 2,000 merchant outlets throughout Malaysia where Visa Wave is accepted.

The Mobile Visa Wave pilot progam was the first of its kind in the world and utilized GlobalPlatform's interoperable multi-application technology and the global EMV smart card standard to allow pilot participants to wave and pay with their cell phones at over 4,000 merchant locations where the Visa Wave sign is displayed.

GlobalPlatform member solution providers include Visa Inc.