Oberthur is set to provide St.George Bank and Worldsmart Technology with over 40,000 multi-application Visa cards for the first Australian’s live cashless payment-system-cum-customer-loyalty-program. The card, Oberthur’ s GalactIC Lite V1, incorporates the Visa Cash DES (e-purse) application with WST loyalty application and St.George Bank Load Restriction application.
It is based on the Visa IBM mask 16K Java multi-application platform and compliant with JavaCard 2.1 and Open Platform 2.0 specifications. A secure Key Management system to protect the applications and their interactions with the loyalty terminals was also developed using Oberthur’ s SIM cards.
“As the world’s leading supplier of Visa cards, Oberthur works very closely with Visa International. Our GalactIC Lite card was developed as part of the Visa Breakthrough program which was initiated over a year ago to remove barriers to mass adoption of highly secure, multi-application cards by Visa member banks,” says Mr. Xavier Fricout, Managing Director of Oberthur Card Systems for Asia Pacific
