The acquistion seems to be in line with Keycorp becoming a trusted third party for data security. Analysts believe that this is where the money lies with smart cards. Certainly it would have been hard to maintain a non-interested ethos for offering government id cards and financial services when the holding company for the intellectual property included a banking giant like Mastercard. Much easier for a respected technology company that has been instrumental in the around the world roll-outs of secure cards. (we are talking Europe, Latin America, South America, the Middle East and Asia). Mastercard is being realistic in this respect and hopefully, being as committed as they are to the Multos platform, they will continue in the development of products based on the platform. Certainly the latest NFC and PayPass trials suggest that. BTW did you see how McAfee Security attacked the current level of security on mobile phones. Mobiles as well as government ID and financial services need secure cards. RFID can't do it, is java ready? Multos and Keycorp, as you guys rigthly point out are a hidden diamond. Hopefully :)
KYC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
