FINREADFinancial Transactional IC Card Reader
FINREADFinancial Reader
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Through the European Committee for Standardisation (CEN), FINREAD is developing a series of specifications for intelligent smart card readers intended to support electronic commerce, home banking and digital signature applications.
Members of the FINREAD Consortium include Groupement des Cartes Bancaires "CB" (France), Visa EU (United Kingdom), Europay International (Belgium), Banksys (Belgium), Interpay Nederland (the Netherlands), SIZ (German Savings Banks Financial Group, Germany) and Ingenico (France).
SCM's forthcoming generation of FINREAD compliant readers will include strong cryptographic mechanisms that will authenticate smart card users, providing a high level of security to consumers, as well as non-repudiation protection for merchants.
The adoption of FINREAD specifications is a key milestone for the smart card reader industry," said Robert Schneider, Chief Executive Officer at SCM Microsystems.
Cyber-COMM(R), as a member of FINREAD, will help set the standard for secure payments and privacy in Europe.