| Wed 14 Aug 2002, 0:00 | | Prism To Help Drive Malaysia Telekom`s M-Commerce |
|
TM TOUCH, the GSM network operator subsidiary of Malaysia`s giant
telecommunications corporation, Telekom Malaysia, has called on secure
electronic payments company, Prism Holdings, to provide the infrastructure and
technology components required to support its mobile commerce initiatives.
The TM Touch contract, initially valued at over R22-million, involves four
components:
* the provision of Prism`s short message service platform, AirTrax SMS-C;
* the provision of Prism Incognito, a family of advanced crypto adapters and
transactive security products which ensure the security of m-commerce
transactions over current GSM cellular phone networks;
* a volume order of aSIMetrix SIM cards, the world`s first Subscriber
Identification Module to incorporate a full suite of crypto, payment and secure
multi-application capability. The first order of SIMs is expected to be renewed
on an ongoing basis.
* and the system integration services required to implement TM Touch`s m-
commerce offerings.
The TM Touch deal follows Prism`s acquisition of 30% of Telekom Applied Business
(TAB), Telekom Malaysia`s Information Communication Technology (ICT) software
development subsidiary and is a clear indication of the potential inherent in
Prism`s partnership with the telecommunications corporation.
Steven Sidley, Prism Group Marketing Director says the acceptance of such a
broad spread of Prism products by TM Touch augurs well for the company in other
large mobile commerce solutions.
"Sophisticated mobile commerce solutions require an end-to-end solution, which
comprise a large number of integrated technologies and platforms. We are
gratified that TM Touch`s vision and our technology were so well matched", he
adds.
Wim Grobler, CEO, Prism Asia Pacific, says TM Touch has an aggressive and
exciting vision for m-commerce that dovetails with Prism`s view of where mobile
technology is going.
"The deal represents a deepening of our strategic relationship with the greater
Telekom Malaysia group and is an affirmation of the growing acceptance of Prism
technology and respect for the company`s experience in m-commerce, in the Asia
Pacific region," he concludes.
Notes to Editor:
Prism AirTrax SMS-C: Prism AirTrax is a high-speed SMSC (Short Message Service
Centre) designed specifically to enable GSM network operators to maximise on the
2G m-commerce and VAS (Value-Added-Services) opportunities. The platform is
available for both the Solaris and Redhat 7.2 Linux operating systems and offers
operators an alternative to the conventional store-and-forward messaging centres
available on the market today.
The AirTrax platform is equipped with an Intelligent Cache`ing operation that
allows routing requests between the message service centre and the network HLR
(Home Location register) to be reduced by up to 40%. This reduction in traffic
results in message per second performance benefits which are highly advantageous
within the mobile commerce and advanced data-applications space.
Prism Incognito: Consumers, merchants, financial institutions and network
operators demand the same levels of authentication, confidentiality, integrity
and non-repudiation for wireless transactions as they do for physical world
payments. Prism Incognito makes transactions conducted over cellphones as
secure as using a credit card at merchants, downloading cash from ATMs, or
physically going into the bank to transfer funds. The crypto servers can be
resident at the operator or bank to execute stringent crypto functions like
decrypting or verifying signatures.
Prism Incognito crypto hardware and software conforms to all internationally
recognised security protocols, algorithms and card association requirements.
Prism aSIMetrix: Prism aSIMetrix SIM card combines the full spectrum of GSM
Phase 2+ functionality, together with a SmartTrust compliant WIB (Wireless
Internet Browser), advanced menu and application management functions, and a
full suite of advanced cryptographic plug-ins, all on a single card. It
uniquely caters for secure wireless payment and other mobile applications with
stringent security requirements.
CODE: PIM
REGISTRATION NUMBER: 1998/018949/06
ISIN: ZAE000022257
Issued by : Citigate Ballard King +27(0)11 804 4900
For : Prism Holdings +27(0)11 548 1000 website : www.prism.co.za
Contact : Steven Sidley, marketing director, Prism Holdings or Hilary King,
Citigate Ballard King
Date: 14/08/2002 04:00:00 PM Produced by the JSE SENS Department
