GSM network operator MTN is to acquire sophisticated and highly secure SIM (subscriber identity module) cards from electronic payments company, Prism Holdings, enabling the delivery of a host of value-added payment services and applications to MTN`s mobile subscribers.
This follows MTN placing a series of multimillion-rand orders for Prism`s locally developed 32K GSM SIMs.
The SIMs are based on Prism`s aSIMetrix multi-application value-added services (VAS) platforms that incorporate the SmartTrust WIB (Wireless Internet Browser), cryptographic security, electronic payment algorithms, key management functions and support for technologies such as GPRS (General Packet Radio Service).
"The utilisation of the SIM will enable MTN to leapfrog the market and deliver `extended` services on its existing 2G and 2.5G infrastructure," says Steven Sidley, Marketing Director at Prism Holdings.
"Prism has gained considerable experience internationally in rolling out successful mobile payment services. We are delighted to be working with MTN to deliver these innovative services to SA."
Bruce Cockburn, MTN General Manager Mobile Future, says MTN`s partnership with Prism will ensure MTN subscribers benefit from the latest developments in service procurement and secure m-payment technologies.
"This is an opportune time for MTN to deliver the world-class, value-added and payment services to our subscriber base using technologies developed in SA by Prism which has extensive experience in the delivery of global payment systems that meet the stringent security requirements of international Card Associations," he concludes.
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JSE-listed Prism Holdings is a world leader in the secure electronic transaction market. With a growing presence in Europe and South-East Asia, Prism is one of the few companies in the world offering services solutions and products that bridge the following core technologies:
* Security - sophisticated cryptographic security solutions, many developed using own intellectual property resources;
* Payment solutions in the physical and virtual (Internet and wireless) realms; and
* Smart card technologies spanning both wireless communications and electronic payments.