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Tue, 27 Apr 2004 04:05:35 -0500 US Stock-Market - Stock Profile of the Week Symbol: QIIIF Market: NASDAQ/OTC.BB Sector: MICRO-ELECTRONICS QIIIF already has an impressive array of clients, including some of the world's leading corporations like IBM, Bank of America, USA Today, VISA Intl., Chase Manhattan Bank, Mastercard intl., and more. Before we begin our profile we have very exciting, breaking news... RICHMOND, British Columbia---PRNewswire-FirstCall---QI Systems Inc. (QIIIF), the industry leader in smart card solutions, announces that the company hass launched a new sales and marketing effort, both domestically and internationally. The company is promoting its memory card technology utilizing informational programs, direct sales contact and an enhanced market presence. QIIIF is preparing for a renewed presence in high level trade associations, such as ACT Canada and Card Tech / Secure Tech, and is planning to attend several major technical meetings during the coming year. In addition, the company plans to seek promotional opportunities in key trade journals and publications. STOCK PROFILE OF THE WEEK QIIIF's focus is the design, development and marketing of payment terminals for smart cards. The primary applications are unattended point of sale (UPOS) systems such as soft-drink vending machines, snack vending machines, laundry machines (washers and dryers), pay-and-display parking systems, newspaper boxes, photocopiers, etc. INTRODUCTION TO SMART CARDS A Smart card consists of a microelectronic chip embedded in a plastic card with a contact pad on the card's surface and/or an embedded antenna for contactless communication. As a payment device a smart card is a much enhanced and more versatile version of a magneticc stripe card or debit card. Value loaded to a smart card's purse is prepaid and resembles cash. Smart cards can be used for secure purchase of goods via a payment terminal interfaced to a soft drink vending machine, snack vending machine, laundry unit (washer or dryer), newspaper vending box, pay-and-display parking terminal, transit gate, photocopier or other Unattended Point-Of-Sale (UPOS) device. There is no need for exact change or for any change at all. Smart cards can be used as well for payment in attended Point Of Sale (POS) applications, and can also be used to confirm identity, to access buildings or to carry data such as personal health records, driver's license details, and biometric data including finger prints or voice prints. Biometrics can be used to further authenticate identity for high security applications. SMART-VEND SOLUTION SmartVend solution is made for your vending needs. Already the SmartKit has been adapted for a variety of applications including Drinks/Snacks, Newspaper, Parking, Copier/Vending, Laundry and Water vending. SmartVend for Printers and Copiers: SKC supports existing OEM photocopiers by Xerox and Kodak and printers by Hewlett Packard and Epson. Interfaces for other OEM equipment can be rapidly developed. Depending on host machine support, SKC can be installed at cost-cutting without its console housing in existing payment cabinets. The SKC design makes installation simple, both in the field and on the factory floor. Machine sales and vend data upload and exception log handling are accessed by a handheld device or merchant accumulator card. SKC may be bundled with either, pre-paid disposable, or reloadable cash cards for use with our card dispenser and reload stations. All system components support electronic audit. THE FUTURE OF SMART CARDS The applications for smart cards in the future is limitless. We would like to focus on one in particular. As the debate over a national personal identification system intensifies, the smart card industry is gearing up a campaign to make sure its chip-based technology is the leading contender for such a system. The Smart Card Alliance, the industry's trade association, released a white paper Jan. 30 that argues for the advantages of smart cards against other technologies that could be candidates for a personal ID card. The alliance will use it to initiate a concerted pitch to policymakers in the public and private sectors. Alliance members have been encouraged by what they see as the leading role of the federal government in the recent growth of smart card use. Once the Common Access Card [CAC] for the Defense Department has been issued, we expect other agencies will begin to pick up on the use of smart cards, said Bob Merkert, director of strategic accounts, and PC and network security for SCM Microsystems. DOD has committed to issuing the CAC to 4 million military and civilian employees, he said, and distribution could be extended to more than 13 million people when retired personnel, family members and others are taken into account. The State Department also is implementing a smart ID card for automated access control of its buildings, the
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