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GLOBALPLATFORM ELECTS CHAIRMAN

LONDON, December 16, 1999 – GlobalPlatform, the cross industry smart card group formed to advance a standardized infrastructure for multiple application smart cards, has announced the appointment of its chairman, board of directors and organization structure. The board will oversee the enhancement and promotion of specifications governing dynamic smart cards, acceptance devices, and back-end systems.

Steve Brown, business development manager for smart cards, British Telecommunications plc was elected chairman of the board, and Philip Yen, senior vice president of Internet and Access Channels at Visa International, was elected vice chairman. Also appointed to the board were representatives of leading smart card issuing organizations, including: Seiichi Ido, associate senior vice president, Information Sharing Platform Laboratories at NTT Corporation; Masanori Maeda, senior vice president Electronic Commerce Department at JCB Co Ltd.; Vince Pizzica, national general manager of personalized solutions at Telstra; Dr. Chung Wook Suh, chairman at TTA of South Korea; and Glenn Weiner, vice president Smart Card Technologies at American Express Company.

"Each board member brings to GlobalPlatform a unique business perspective and industry experience that will immediately contribute to the development of a dynamic smart card infrastructure," said Steve Brown. "I look forward to working with this talented team to spur the growth of global multiple application smart card usage."

Among its first items of business, the new GlobalPlatform board of directors defined four working committees and selected their respective chairs. Dominique Hautain executive vice president at Proton World is chair of the Business Committee; Nicole Moyal director at American Express chairs the Systems Infrastructure Committee; Jim Lee senior vice president at Visa International chairs the Card Infrastructure Committee; and Michel Dargent architect and new product manager at Ingenico chairs the Terminal Infrastructure Committee.

The Business Committee is responsible for developing and maintaining licensing provisions, managing intellectual property, and promoting business opportunities for members. The Systems, Card, and Terminal Infrastructure Committees define business, compliance, and functional requirements for the evolution of open specifications. All four groups formulate strategic business models and define guidelines for multiple industry implementation and deployment.

GlobalPlatform, announced in October 1999, was established to reduce the barriers hindering the growth of cross industry, multiple application smart cards. The group’s 33 members represent the payments, communications, government and vendor communities and collectively reach more than one billion consumers. The organization is open to all parties with an interest in the development and use of smart cards, including issuers, vendors, industry groups, public entities and technology companies.

More information on GlobalPlatform and its members can be obtained from www.globalplatform.org.

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