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June 19, 1997updated 05 Sep 2016 12:40pm

MPACT IMMEDIA PLANS SECURE SMART CARD SYSTEM FOR THE NET

By CBR Staff Writer

Electronic commerce specialist MPACT Immedia Corp is embarking on a $1.2m project that will see the Montreal, Canada company produce a secure smart card system for the internet. The company will work with the Bank of Canada to link Immedia’s internet payment product, BuyWay to the Mondex smart card system (CI No 3,167). The system will also accept credit cards with secure electronic transaction, and electronic checks. Funding for the project has come from CANARIE, a consortium of organizations committed to developing Canada’s communications infrastructure.

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