Net1 Applied Technology Holdings Limited ("Aplitec") - A Smart Finish for 2002
ISIN: ZAE000024113
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PRESS RELEASE
APLITEC - A SMART FINISH FOR 2002
Net1 Applied Technology Holdings Limited ("Aplitec") is pleased to announce that
the Limpopo Provincial Government has awarded Cash Paymaster Services (Northern)
(Pty) Ltd, the Tender for the Disbursement of Social Pensions (NTP 8342) for the
period commencing 1st December 2003 to 30th November 2006.
Being awarded a tender of such a nature is in line with Aplitec`s vision of
deploying the most modern technological solution for a payment system designed
to improve the lifestyles of all of its users.
At the same time, Cash Paymaster Services (Northern) (Pty) Ltd is pleased to
announce that it has received approval for the extension of the existing Tender
NTP 1799 for 12 months commencing 1st December 2002 to 30th November 2003.
Beneficiaries will be issued with smart cards that will allow for the storage of
their biometric fingerprint data, enabling them to access their social welfare
grants at any time or any place. This will result in a faster, more flexible and
convenient payment process.
Aplitec makes use of the optical fingerprint sensor technology supplied by
SecuGen Corporation to capture and verify customer biometrics. Aplitec vehicles
are fitted with the necessary equipment to make cash payments in rural
locations. Recipients of welfare grants present their Government-issued ID
document to have their fingerprints captured on the system. To receive payment,
they present their smart card and are authorised by the matching of their
fingerprint against the encrypted templates stored on their cards.
The Aplitec fingerprint reader is programmed to create a cryptographic session
between itself and the smart card presented, thus removing any possibility of
fraud associated with the storage and subsequent illegal replay of digital
templates.
The financial terms and conditions of the new tender will only be disclosed in
January 2003, after finalisation of the Service Level Agreement that is due
within 45 working days from the date of the award of the contract.
Date: 09/12/2002 03:48:01 PM Produced by the JSE SENS Department
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