MORRISTOWN, New Jersey, May 8, 2000 – CarSmart Technologies announced today that it has filed for a patent that allows software developers to store and manage multiple applications on the same smart card chip. This is seen as a key step in the evolution of smart cards in that issuers can now offer totally independent and unrelated applications on the same microprocessor chip.
According to David Fisher, Executive Vice President of CardSmart and creator of the new software, “ by effectively partitioning the chip, we can now offer different users applications specific to them. This greatly enhances the ability of developers to create a more robust range of applications on the same smart card and not be concerned the possibilities of one application compromising or infringing on another. This advancement also provides new opportunities for card issuers to effectively rent out a portion of the card’s memory. A single card issuer can now extend considerable flexibility to third party groups while still maintaining absolute control over who may load applications to the card.”
Mike McClain, President of the company adds, “This new software design will allow us to offer on the same card applications from different merchants in the same shopping center, for example. In the past, they have been precluded from joining because each merchant has a significantly different merchandising or promotion strategy. Now, because the integrity of each application can be effectively maintained, unrelated programs can ride on the same smart card. We can now develop much more cost effective solutions for different retailers. The cross promotion opportunities are endless.”