Slovenian Bank issues Multos Visa cards
Banka Koper has earned an image of innovation in Slovenia; it is an issuer of both MasterCard and Visa cards. They have been using Multos as a base for their MasterCard cards for years. For instance, Banka Koper recently relaunched its MasterCard portfolio using M/Chip 4 on Keycorp Multos. The bank had developed their own digital-signature application and dynamic password generator on Multos and was reluctant to start a new development from scratch when rolling out the Visa chip card program. They decided to use Multos to issue Visa cards with VSDC (Visa Smart Debit/Credit) and the Visa Dynamic Passcode Authentication application. Cards are supplied by KeyCorp and based on Infineon SLE66CX162PE.
Such a move has only been feasible since Multos is managed by StepNexus, an independent company, and no longer by MasterCard. StepNexus had been created in February 2006, to support Multos and to offer its own services for trusted environments. StepNexus governs the STEP™ (Secure Trusted Environment Provisioning) standard methods for secure device issuance and control, secure package content loading and distribution, and application privacy management. StepNexus works with more than 100 issuers and has enabled more than 70 million STEP-secured devices among governments, financial institutions, mobile carriers, and enterprise IT organizations.