These new approvals follow the previous approvals based on the earlier EMV '96
specification, previously received by Lipman.
Compliance with industry standards: MULTOS is entirely compatible with the EMV '96
standards related to integrated circuit cards for payment systems created by Europay, MasterCard and Visa.
The multi-application card will integrate the reloadable Visa Cash Public Key electronic purse, which conforms to the EMV '96
specification, and the UKIS card, a card authentication method for credit and debit functions based on the APACS (Association for Payment Clearing Services) specification.
SAN FRANCISCO/NEW YORK/WATERLOO--(BUSINESS WIRE)--July 16, 1996--Europay International, MasterCard International and Visa International (EMV) today announced the updated version of the joint specifications for Integrated Circuit Cards (ICC) for Payment Systems, EMV '96