Financial Services Industry
Industry: Email Alert RSS FeedSun, Visa Team Up On Microprocessor.
Bank Systems + Technology, March, 1998
VISA INTERNATIONAL, SAN Francisco, plans to join Sun Microsystems and other key players in the development and promotion of a Java-based smart card microprocessor core, using the Java Card application program interface (API).
The move stands to help speed the creation of a silicon microprocessor architecture for chip cards and, in mm, expedite smart card deployment by issuers like banks, Visa and Sun reported.
A Java-based processor, the two companies said, would raise smart cards' performance, security and functionality while lowering the overall chip cost. The Java Card API, adopted by firms representing more than 90% of smart card makers worldwide, enables cardmakers to produce cross-platform smart cards and terminals that can operate with each...
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