(PRWEB) March 21, 2010
NBS Technologies Inc., a leading provider of hardware and software solutions for card personalization, secure ID, EMV® compliance/migration, smart card and semiconductor equipment solutions for financial institutions, governments, and corporations worldwide, today announced the addition of a Near Field Communications (”NFC”) application to its tried and tested suite of personalization software, UbiQPersoMaster™.
NFC technology is a short-range wireless connectivity technology built upon existing contactless technology which can be built in to a variety of devices. NFC is both a “read” and “write” technology and provides communication between two NFC-compatible devices when they are brought within four centimeters of one another: a simple wave or touch can establish an NFC connection. NFC-enabled transactions are inherently secure because the transmission range is so short. The underlying layers of NFC technology follow universally implemented ISO, ECMA, and ETSI standards.
NBS’s UbiQPersoMaster software application is aimed at the personalization of NFC devices to enable secure financial transactions.
“We felt that our foray into NFC-enabled personalization was a logical step for UbiQ Software, since we have had extensive success within the card personalization software business. It’s very exciting,” says Ron Stephenson, Director, UbiQ Software, “This new application allows your mobile phone to also be your credit card - it makes your cell phone almost the only thing you need to carry with you - a truly multi-purpose device for consumers.”
Financial institutions utilizing this application can effectively personalize a customer’s NFC-enabled mobile phone with their credit card information – similar to the current contactless credit card, a customer’s mobile phone is now waved in front of the NFC-enabled POS terminal and the purchase registers on the customer’s account.
NBS’ most recent implementation of UbiQPersoMaster’s NFC personalization software application was through a partnership with one of the world’s largest credit card companies. The project included the personalization of NFC-enabled cell phones to allow for credit card transactions – the application proved to be both easy to implement and very robust.
NBS has also successfully developed and tested an NFC-enabled RFID device, which is inserted into the phone post-issuance. The issuance of an NFC enabled RFID device allows for larger batch production of personalized devices which can be sent to bureaus and provides attractive cost efficiencies. Either option takes advantage of the same UbiQPersoMaster software application allowing for standardization and ease of maintenance.
This NFC personalization application is also an available solution for instant issuance at the branch level using NBS’ Xpressi branch and instant issuance software, also developed UbiQ Software. A simple contactless reader/writer device is all that is required. The NFC phone needs only to be placed near the reader/write to allow personalization. Device authentication is utilized along with end-to-end encryption to ensure data integrity and security.
“The allure of convenience and ease of use for consumers and businesses alike will surely drive the demand for this new technology and we expect NBS to be at the forefront of NFC personalization application development.” said Mr.Stephenson.
NBS will continue to work with its technology partners to bring this solution to the masses.
For more information on UbiQ Software’s software and software development capabilities, please consult our website http://www.nbstech.com
About NBS Technologies Inc.
For over 30 years, NBS Technologies remains a leading provider of equipment for card personalization, EMV compliance/migration, smart card and semiconductor manufacturing, secure ID, and payment solutions for financial institutions, governments, and corporations worldwide. The company manufactures specialized and complementary product lines within its Smart Solutions, and Payment Solutions divisions. NBS Technologies' head office is located in Canada with locations in USA, France and the UK, along with a worldwide dealer network. For more information, visit http://www.nbstech.com.
NBS Technologies is a wholly-owned subsidiary of Brookfield Asset Management (http://www.brookfield.com), a specialist asset manager. Focused on property, power and infrastructure assets, Brookfield has over US$90 billion of assets under management and is co-listed on the New York and Toronto Stock exchanges.
NBS and the NBS logo are registered trademarks of NBS Technologies Inc. in Canada and the US and trademarks in other countries. UbiQ and the UbiQ logo are registered trademarks of NBS Technologies (US) Inc. in the US and Europe and trademarks in other countries.
UbiQPersoMaster is a trademark of NBS Technologies Inc.