Schlumberger Electronic Transactions announced the availability of MagIC Management System, a customer-oriented software solution for remote management of MagIC point-of-sale (POS) payment terminals. The innovative management system uses the power of remote computing to enable Value-Added Resellers (VARs), Independent Sales Organizations (ISOs) and distributors to easily and efficiently download and initialize new applications on MagIC payment terminals already installed in the field.
“The growing demand for electronic payment systems is driving rapid development of a diverse array of applications for credit, debit and smart cards,” stated Xavier Chanay, General Manager, Schlumberger Electronic Transactions’ Bank, Retail & Health division. “Schlumberger’s new MagIC Management System provides VARs, ISOs and distributors with a remote means of installing these exciting new applications on their customers’ payment terminals without the time-consuming, costly effort of sending staff into the field.”
Mirroring Schlumberger’s commitment to technology excellence, the MagIC Management System combines a Windows NT(TM) operating system, Oracle database and high-level programming languages, such as Visual C++, to provide a strong, efficient and flexible solution. Schlumberger’s MagIC Management System is user-friendly with easy-to-use menus, online help and a Microsoft-like interface, making operation much easier than complex DOS-based systems.
The MagIC Management System also provides superior security for downloading and initialization functions. Encryption and authentication keys in a smart card provide secure communication between the MagIC Management System and payment terminal, multiple passwords provide authorization to security-sensitive functions and digital signatures ensure the integrity of applications downloaded.
Worldwide distribution is planned for the first quarter of 1998.
The MagIC Management System is designed for remote management of Schlumberger’s MagIC line of POS terminals. All MagIC terminals feature advanced, flexible architecture that allows for the development of applications which can run stand alone or simultaneously with other applications. MagIC terminals are designed to meet the emerging needs for customer-activated transactions and are compatible with conventional credit and debit cards, as well as new-generation smart cards.
Schlumberger Electronic Transactions offers a flexible portfolio of smart card-based solutions for businesses and communities of all kinds. The company provides cards, terminals, development tools and support in open configurations for operators, developers, integrators and distributors worldwide. Under The Smart Village brand, the Schlumberger offer includes the milestone Cyberflex card, the industry’s first Java-based smart card.
Schlumberger is unique in that it provides both smart cards and turnkey solutions along with a full range of tools and services for Telecom, Banking, Retail, Mass Transit & Parking, Healthcare and Networks. The company has design and manufacturing facilities in Europe, North America, Asia and Latin America. Its manufacturing capacity exceeds 850 million cards annually to fulfill the needs of government and private sectors as they move toward cashless, p.pless transactions.
The Electronic Transactions group employs over 5,000 people and operates 45 facilities. Among dedicated facilities in 34 countries, the group has 9 research and development centers strategically located in Europe, Asia and North America.
Schlumberger Electronic Transactions is a business segment of Schlumberger Ltd., a $9 billion global technology and service company providing oilfield services, natural resource management, smart card transactions-based technology and associated systems, and semiconductor test equipment.Details