Brodia and Oasis to Offer Secure Virtual Card Numbering for Web & Mobile Transactions

Pairing Delivers Emerging Online Payment Standards to Banks, Card Issuers



Apr 30, 2001, 01:00 ET from The Brodia Group

    SAN FRANCISCO, April 30 /PRNewswire/ -- The Brodia Group announced an
 agreement today with Toronto-based Oasis Technology to offer services that
 deliver on emerging cardholder authentication and consumer security
 requirements worldwide.  Oasis will integrate its technology and service
 offerings to deliver flexible and scalable virtual card numbering through
 Brodia's digital wallet and commerce platform.  Virtual card numbering is
 created for digital transactions that link with consumers' actual credit card
 numbers.
     This alliance delivers a core service to banks and card issuers that
 includes virtual card numbering card capabilities and new payer authentication
 protocols, delivering on emerging digital commerce security standards in one
 comprehensive software package.  The agreement provides for an OEM-level
 integration of Oasis Technology's IST/iSeries card products with the Brodia
 Platform and digital wallet.  The companies will also jointly market these
 integrated services to card issuers, processors, and card companies worldwide.
 
     Enhancing Security for Bank Customers
     Virtual numbering limits gross exposure of card numbers, enhancing
 security for bank customers.  Either alone or in combination with emerging
 cardholder authentication methods implemented by Brodia, this package of
 services offer banks the highest standard of security for their customers'
 online purchases on any network-connected device.
     In October 2000, Brodia introduced an advanced server-based digital wallet
 incorporating virtual card numbering card numbers from a third party supplier
 that provided consumers with the option of a unique credit card number used
 for transactions at a single web site.  Oasis separately introduced its
 IST/iSeries payment product line, enabling virtual card numbering cards and
 rules-based card processing for any major card type.  Now, Brodia will
 integrate Oasis's suite of payment software products including the IST/iCard
 virtual payment card, with the Brodia Commerce Platform, the emerging standard
 for secure transactions anywhere, anytime.
     "Oasis provides the underlying rules-based transaction engines that powers
 the most high profile virtual card numbering services available," said Brodia
 CEO Ron Martinez.  "Now, as a result of this agreement, Brodia will be able to
 directly deliver the security of virtual card numbering through our commerce
 platform and digital wallet technology to our financial institution customers
 as well as mobile commerce partners."
     "We know consumers want the ability to safeguard their privacy and
 security while also enjoying the convenience of online shopping by computer,
 mobile phone or any other device.  This agreement is designed to offer this
 combination to banks and credit card issuers," said Ashraf Dimitri, president
 and CEO of Oasis Technology Ltd.
 
     Virtual Card Numbering on Any Network-Connected Device
     The Brodia Commerce Platform, with its core Identity Management System
 (IDMS) technology, is the emerging standard for secure transactions across any
 network-connected device.  The platform enables access to personal and payment
 information and preferences by trusted third party partners for use in
 executing any type of transaction, simply and securely.  IDMS's "back-end"
 technology serves as the foundation for the mobile commerce initiatives of
 Brodia's financial institutions and mobile service provider partners.
     The Oasis IST/iSeries products provide a flexible, dynamic Internet card
 issuing, notification and authorization system that enables consumers and
 businesses to better manage, control and maintain their payment instruments.
 IST/iCard gives card issuers the power to extend their real-world credit card
 business with virtual credit cards that can be funded through multiple
 sources, including existing credit cards, bank accounts, or cash.  Consumers
 and businesses have the flexibility to customize virtual card numbering cards
 according to purchase limits, expiry dates and transaction frequency, and can
 also define extensive notification and authorization parameters to closely
 monitor purchase or operational activities from anywhere in the world.
 
     About Brodia
     Brodia (www.brodia.com/platform) provides the premier commerce platform
 and core applications to enable personal commerce, payments and identity
 management on any mobile or other network-connected device.  The Brodia
 Commerce Platform enables financial institutions, mobile carriers, developers
 and third parties to build products and extend their services.  The company's
 services are available through a range of the leading financial institutions
 whose collective customer base is in excess of 200 million.  Based in
 San Francisco, and with offices in New York, Brodia's investors include
 Bank of Singapore Limited, Capital Z Partners, Draper Fisher Jurvetson,
 Draper Fisher Jurvetson ePlanet Ventures, Itochu Corporation, MasterCard
 International, and Morgan Stanley Dean Witter & Co.
 
     About Oasis Technology Ltd.
     Oasis Technology Ltd. is a leading provider of software to facilitate
 payments any time, any place on any device.  Oasis is the only company
 providing payment software for every step of the transaction process for
 financial institutions, retailers, card associations or any business focused
 on payments.  Oasis customers process more than five billion transactions
 annually.  The company's international client base includes ABN Amro,
 American Express, Citibank, Credicard/Redecard Brazil, Diners, Europay,
 Golden Card (China), MasterCard and Visa International.  With corporate
 headquarters located in Toronto, Canada, the company also operates offices in
 Kuala Lumpur, Malaysia, Miami, Florida, Walnut Creek, California, and London,
 England, and supports an extensive network of international partners and sales
 representatives. Oasis is ISO 9001 registered. Visit Oasis online at
 www.oasis-technology.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X76718237
 
 

SOURCE The Brodia Group
    SAN FRANCISCO, April 30 /PRNewswire/ -- The Brodia Group announced an
 agreement today with Toronto-based Oasis Technology to offer services that
 deliver on emerging cardholder authentication and consumer security
 requirements worldwide.  Oasis will integrate its technology and service
 offerings to deliver flexible and scalable virtual card numbering through
 Brodia's digital wallet and commerce platform.  Virtual card numbering is
 created for digital transactions that link with consumers' actual credit card
 numbers.
     This alliance delivers a core service to banks and card issuers that
 includes virtual card numbering card capabilities and new payer authentication
 protocols, delivering on emerging digital commerce security standards in one
 comprehensive software package.  The agreement provides for an OEM-level
 integration of Oasis Technology's IST/iSeries card products with the Brodia
 Platform and digital wallet.  The companies will also jointly market these
 integrated services to card issuers, processors, and card companies worldwide.
 
     Enhancing Security for Bank Customers
     Virtual numbering limits gross exposure of card numbers, enhancing
 security for bank customers.  Either alone or in combination with emerging
 cardholder authentication methods implemented by Brodia, this package of
 services offer banks the highest standard of security for their customers'
 online purchases on any network-connected device.
     In October 2000, Brodia introduced an advanced server-based digital wallet
 incorporating virtual card numbering card numbers from a third party supplier
 that provided consumers with the option of a unique credit card number used
 for transactions at a single web site.  Oasis separately introduced its
 IST/iSeries payment product line, enabling virtual card numbering cards and
 rules-based card processing for any major card type.  Now, Brodia will
 integrate Oasis's suite of payment software products including the IST/iCard
 virtual payment card, with the Brodia Commerce Platform, the emerging standard
 for secure transactions anywhere, anytime.
     "Oasis provides the underlying rules-based transaction engines that powers
 the most high profile virtual card numbering services available," said Brodia
 CEO Ron Martinez.  "Now, as a result of this agreement, Brodia will be able to
 directly deliver the security of virtual card numbering through our commerce
 platform and digital wallet technology to our financial institution customers
 as well as mobile commerce partners."
     "We know consumers want the ability to safeguard their privacy and
 security while also enjoying the convenience of online shopping by computer,
 mobile phone or any other device.  This agreement is designed to offer this
 combination to banks and credit card issuers," said Ashraf Dimitri, president
 and CEO of Oasis Technology Ltd.
 
     Virtual Card Numbering on Any Network-Connected Device
     The Brodia Commerce Platform, with its core Identity Management System
 (IDMS) technology, is the emerging standard for secure transactions across any
 network-connected device.  The platform enables access to personal and payment
 information and preferences by trusted third party partners for use in
 executing any type of transaction, simply and securely.  IDMS's "back-end"
 technology serves as the foundation for the mobile commerce initiatives of
 Brodia's financial institutions and mobile service provider partners.
     The Oasis IST/iSeries products provide a flexible, dynamic Internet card
 issuing, notification and authorization system that enables consumers and
 businesses to better manage, control and maintain their payment instruments.
 IST/iCard gives card issuers the power to extend their real-world credit card
 business with virtual credit cards that can be funded through multiple
 sources, including existing credit cards, bank accounts, or cash.  Consumers
 and businesses have the flexibility to customize virtual card numbering cards
 according to purchase limits, expiry dates and transaction frequency, and can
 also define extensive notification and authorization parameters to closely
 monitor purchase or operational activities from anywhere in the world.
 
     About Brodia
     Brodia (www.brodia.com/platform) provides the premier commerce platform
 and core applications to enable personal commerce, payments and identity
 management on any mobile or other network-connected device.  The Brodia
 Commerce Platform enables financial institutions, mobile carriers, developers
 and third parties to build products and extend their services.  The company's
 services are available through a range of the leading financial institutions
 whose collective customer base is in excess of 200 million.  Based in
 San Francisco, and with offices in New York, Brodia's investors include
 Bank of Singapore Limited, Capital Z Partners, Draper Fisher Jurvetson,
 Draper Fisher Jurvetson ePlanet Ventures, Itochu Corporation, MasterCard
 International, and Morgan Stanley Dean Witter & Co.
 
     About Oasis Technology Ltd.
     Oasis Technology Ltd. is a leading provider of software to facilitate
 payments any time, any place on any device.  Oasis is the only company
 providing payment software for every step of the transaction process for
 financial institutions, retailers, card associations or any business focused
 on payments.  Oasis customers process more than five billion transactions
 annually.  The company's international client base includes ABN Amro,
 American Express, Citibank, Credicard/Redecard Brazil, Diners, Europay,
 Golden Card (China), MasterCard and Visa International.  With corporate
 headquarters located in Toronto, Canada, the company also operates offices in
 Kuala Lumpur, Malaysia, Miami, Florida, Walnut Creek, California, and London,
 England, and supports an extensive network of international partners and sales
 representatives. Oasis is ISO 9001 registered. Visit Oasis online at
 www.oasis-technology.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X76718237
 
 SOURCE  The Brodia Group