SmartDisk Corporation, a company focused on providing simple, innovative solutions that advance and enhance the use of miniature storage media and smart cards, announced yesterday that it has shipped its 250,000th product. This shipment of Smarty, the smart card reader/writer, to Visa International, is a milestone both for SmartDisk, a nine-month old privately held company and for Fischer International Systems Corporation, its primary distribution arm.
On this significant occasion, SmartDisk is honoring Visa International with its first annual “Excellence in Technology” award for furthering the development and use of smart cards in the financial industry. The award will be presented today at CARTES 98.
Smarty plays an important role in Visa International’s Visa Platinum initiative, a smart card program in Visa’s Latin America and Caribbean region that enables cardholders to gain access to their account information over the Internet. Smarty, a 3.5 inch floppy disk sized adapter, acts as the bridge between a smart card and a PC.
“We congratulate SmartDisk on its success and are very pleased to be recognized by SmartDisk for our contributions to emerging payment technologies,” said Philip Yen, Senior Vice President, Visa International. “SmartDisk is an important partner in our efforts to advance smart card acceptance and we were very pleased to be able to use the Smarty technology to facilitate the world’s first use of a payment card over the Internet. We look forward to continuing this relationship with them.”
“As a nine-month old company, we are delighted with the strong sales of our products: Smarty, the smart card reader/writer and FlashPath, the flash memory reader/writer,” said Michael S. Battaglia, President and CEO, SmartDisk Corporation. “This is the perfect occasion for SmartDisk to applaud Visa International, one of our most valued customers, for its innovative use of Smarty as a link between the Visa Platinum card and the PC. We look forward to an ongoing and productive partnership with Visa International.”
The Smarty smart card reader/writer acts as a bridge between a smart card and a PC. Smarty has the same dimensions as a 3.5 inch floppy disk and includes a slot into which a smart card can be inserted. To use it, one simply inserts a smart card into the slot and slips Smarty into a PC’s floppy drive. Increasing use of smart cards in Asia, Europe and the U.S. is fueling a need for a versatile, economical card reader. Smarty fulfills this need, supporting electronic commerce, banking, health care, and government applications, and the high-level security that such transactions require including access control, network authentication and data certification.
Visa, “the world’s best way to pay,” is the preferred payment brand and the largest consumer payment system worldwide with more volume than all other payment cards combined. Visa plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions and their cardholders. Visa has more than 70 smart card programs in 33 countries and on the Internet, with 23 million Visa chip cards, including over eight million Visa Cash cards. Visa is pioneering SET Secure Electronic Transaction programs to enable and advance Internet commerce. There are more than 620 million cards, which generate over US $1.2 trillion in annual volume. Visa is accepted at more than 15 million worldwide locations, including at over 450,000 ATMs in the Visa Global ATM Network. Visa’s Internet address is .
About SmartDisk Corporation
SmartDisk Corporation is a joint venture of Fischer International Systems Corporation (FISC) and Toshiba Corporation formed to develop, manufacture, market and distribute patented devices that provide simple, innovative solutions to advance and enhance the use of miniature storage media and smart cards. SmartDisk is the creator of patented-technology that allows for the viewing of images taken with digital cameras on personal computers via the floppy disk drive slot and for the reading and use of smart cards in the same fashion. Ownership of the company is split, 60% by FISC and 40% by Toshiba and others. SmartDisk is based in Naples, Florida, with international operations based in Tokyo, Japan. For more information, visit .Details