Schlumberger Electronic Transactions has announced MagIC™ Management System, a customer-oriented software solution for remote management of MagIC point-of-sale terminals.
The system uses the power of remote computing to enable ISOs and distributors to download and initialize new credit, debit, and smart card applications on MagIC payment terminals already installed.
"The growing demand for electronic payment systems is driving rapid development of a diverse array of applications for credit, debit, and smart cards," stated Xavier Chanay, General Manager of Schlumberger's Electronic Transactions' Bank, Retail & Health division. "Schlumberger's new MagIC Management System provides VARs, ISOs, and distributors with a remote means of installing these exciting new applications on their customers' payment terminals without the time-consuming, costly effort of sending staff into the field."
MagIC Management System combines a Windows NT™ operating system, Oracle database, and programming languages such as Visual C++. The system also provides security for downloading and initialization functions. Encryption and authentication keys in a smart card provide secure communication between the MagIC Management System and payment terminal, multiple passwords provide authorization to security-sensitive functions, and digital signatures ensure the integrity of applications downloaded.
Worldwide distribution is planned for the first quarter of 1998. Watch for the Upcoming "POS Terminals Today," the first issue of GSQ: The Payment Systems Quarterly for more on Schlumberger. Schlumberger Electronic Transactions is a division of Schlumberger Ltd., an $11 billion global technology and service company. For more information see http://www.slb.com/et.
