Hitachi and MasterCard set up smart card venture

Posted on Monday, November 28 2005 @ 9:55 CET by Thomas De Maesschalck
MasterCard and Hitachi are going to set up a joint venture to promote advanced smart cards.
Smart cards have built-in microprocessors and memory for identification or financial transactions. They offer greater functionality and are generally more secure than conventional cards that use magnetic strips.

The venture will promote cards based on a multi-application operating system called Multos, which can add various functions such as biometric user identification to conventional cards.
Read more over here.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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