1. 1 Victor Chan NBS Card Technology, MIST Inc. August 21, 2002 Personalization of Multi-Application Smart Card

2. 2 Impact on Issuance Market Multiple Applications on a single card: “Market Segment of One” Choice for Pre-issuance (Initial Issuance) Service Bureau, Regional Center, Branches Dynamic Post-issuance loading of applications: “Anytime, Anywhere Access” Portability of applications across chip-cards: “Write Once, Run Anywhere” Multiple Application Providers on a single card

3. 3 Standardization of personalization –GlobalPlatform Scripting –Common Personalization Process (CPP) One set of software for all machines Interface to Smart Card Management System New technology’s compatibility with existing personalization systems Impact on Issuance Market

4. 4 Traditional Personalization Solution Two step process Issuer’s Host XYZ BANK 4000 1234 5678 J. Smith XYZ BANK Personalization Data Preparation Process (P3™) Card Holder Data WIN NT PC Personalization System HSM Card Holder Data with Generated Keys & Certificates #2 #1

5. 5 XYZ BANK 4000 1234 5678 J. Smith XYZ BANK  Seamless personalization directly from the card holder data  Functionalities of P3 ™ are provided inline in the Personalization system  Keys and certificates are generated in real time  One software vendor for both P3 ™ and personalization  Eliminate duplication of HSM  PCI Bus HSM – space saving Branch Issuance Pilot or Regional Issuance Service Bureau Issuance Card Holder Data Alternative Personalization Solution One step process

6. 6 Pre-issuance - Central Issuance Service bureau Batch issuance High volume XYZ BANK 4000 1234 5678 J. Smith P3™ XYZ BANK 4000 1234 5678 J. Smith One Step Process Two Step Process OR Card Holder Data One Step process –Solution from a single vendor –Simpler to operate –Only one HSM –Lower Cost Solution Two Step Process –Issuer key pair does not need to be installed at the card service bureau –Could be a local banking requirement

7. 7 Pre-issuance - Regional Issuance Mid to low volume Pilot Program Install at issuer location XYZ BANK 4000 1234 5678 J. Smith One Step Process Card Holder Data One Step process is preferable –Issuer mange solution from a single vendor –Simpler to operate –Only one HSM –Lower Cost Solution

8. 8 Pre-issuance - Branch Level XYZ BANK 4000 1234 5678 J. Smith One Step Process OR Card Holder Data XYZ BANK 4000 1234 5678 J. Smith Two Step Process Card Holder Data P3 ™ Functionalities of P3 ™ is provided in the branch level Simpler integration to branch system Functionalities of P3 ™ is provided centrally Issuer key pair remains at one location

9. 9 Post Issuance Dynamic Post Issuance At merchant, home, etc… Anywhere, Anytime Via PC, or POS terminal Functionality of P3™ needs at the central system Internet, Network etc.. Card Holder Data P3™ Issuer Central System

10. 10 Future of Issuance anywhere, anytime, with easy access wireless Internet Issuance Gateway wired Banks & Processors issuance Point-of-sale Pagers & PDAs Personal Computers Point-of-sale Telephone Networks Point-of-sale

11. 11 Summary Pre issuance (initial issuance) –Centrally in a service bureau –Bank Regional Center –Bank Branches instant issuance –Many different options to provide the functionalities of P3 ™ Local banking regulation may be a consideration Post issuance –PC via Internet access –POS Terminals Wired or wireless IP Terminals