Under the terms of this agreement, XIRING receives exclusive rights to
further develop the Ericsson Wireless Wallet technology platform, which
is based on widely accepted standards, such as Bluetooth. The technology
will be incorporated into XIRING future product offers.
XIRING, headquartered in Sèvres, France, is an affiliate of
Schlumberger, which holds a leadership position on the worldwide smart
card market. The solutions meet the needs for authentication, digital
signature and secure payment on the Internet.
Ericsson has proved the viability of the concept of a Wireless Wallet,
says Bo Bergström, Executive Vice President of Ericsson’s GSM/TDMA/EDGE
mobile systems unit. We are pleased to be partnering with XIRING, which
we consider as the best partner to develop the use of this technology
and bring to market volume commercial products for secure m-commerce.
XIRING and Ericsson share the same vision of a wireless communication
enabled future, says Georges Liberman, CEO of XIRING. This agreement
positions XIRING as a key player for secure m-commerce over the Mobile
Internet.
Ericsson introduced its smart card technology solution as a concept and
demonstrated a first prototype under the name Wireless Wallet in 1999 at
CeBIT in Hannover, Germany.
SOURCE: COMPANY PRESS RELEASE
