INSIDE Commits to Support Discover Zip on Future MicroPass Products

* Reuters is not responsible for the content in this press release.

Thu Oct 29, 2009 8:00am EDT

AIX-EN-PROVENCE, France--(Business Wire)--
INSIDE Contactless, the world leader in advanced open-standard contactless chip
technologies, today announced it has signed an agreement with Discover Financial
Services, LLC for the development of future Discover Zip contactless payment
devices. Through this partnership, INSIDE has committed to support Discover Zip
in upcoming versions of its award-winning MicroPass contactless payment
platform, and has been designated a preferred vendor for card-based Zip
implementations. 

The MicroPass 4002 contactless payment processor is the first Discover-certified
implementation on the market. Designed from the ground up for Discover Zip
contactless payment applications, the MicroPass 4002 offers superior transaction
speed for an enhanced cardholder experience, enabling contactless transactions
to be completed quickly and reliably. Card issuers have access to a complete
suite of form factors, including chip, module, card inlay, fob inlay (mini, 2D,
3D), sticker or paper ticket configurations. With pre-certification to
Discover`s requirements, MicroPass 4002- powered payment devices can be
delivered to market quickly and easily. 

"INSIDE`s MicroPass provides our card issuers with a multifaceted contactless
platform from which they can build their unique product offerings," said Farhan
Ahmad, general manager, prepaid & director of emerging payments, Discover.
"Future MicroPass platforms will allow issuers to combine Discover Zip with
other value-added contactless applications such as mass transit, building access
and merchant loyalty programs in one convenient payment device." 

Discover Zip is accepted at over 60,000 U.S. merchant locations and its payment
devices can be issued by banks in many forms. In addition to the traditional
bank card or key chain fob, a mini-adhesive card can be attached to personal
items that are always at hand, such as a mobile phone, PDA or MP3 player.
Purchases are made with a quick tap of these devices on a reader found at the
checkout. Cardholders also benefit from additional security because the card
never leaves the customer`s hand. 

"This strategic agreement with Discover Network signals our commitment to
supporting Discover Zip on future MicroPass products," said Charles Walton,
executive vice president for INSIDE Contactless. "As a strategic partner, we
will work very closely with Discover Network to ensure our future MicroPass
products continue to provide superior Discover Zip implementations to meet their
needs in the timeliest manner." 

About Discover Financial Services

Discover Financial Services (NYSE: DFS) is a leading credit card issuer and
electronic payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company has become one
of the largest card issuers in the United States. The company operates the
Discover card, America's cash rewards pioneer, and offers student and personal
loans, as well as savings products such as certificates of deposit and money
market accounts. Its payments businesses consist of Discover Network, with
millions of merchant and cash access locations; PULSE, one of the nation's
leading ATM/debit networks; and Diners Club International, a global payments
network with acceptance in 185 countries and territories. For more information,
visit www.discoverfinancial.com. 

About INSIDE Contactless

INSIDE Contactless is the global leader in open-standard contactless payment and
Near Field Communication (NFC) semiconductors and software that power the next
generation of payment, transit, identity and access control applications. The
company`s intelligent, microprocessor-based platforms offer the flexibility to
be embedded in smart cards, mobile phones and other consumer electronic devices,
documents, badges and other items to support a wide range of innovative
contactless applications and bring new levels of convenience to users. INSIDE
has delivered more than 300 million contactless platforms worldwide to customers
and partners that include many of the leading payment card and mobile phone
manufacturers, systems integrators and financial institutions. With a portfolio
of 60 families of patents, including several essential NFC patents, the company
has played a leading role in NFC and contactless innovation. INSIDE is
headquartered in Aix-en-Provence, France, with offices in Shanghai, Singapore,
Warsaw, Seoul and Silicon Valley. For more information, please visit
www.insidecontactless.com.

For INSIDE Contactless:
Corman Communications, LLC
Patrick Corman, 650-326-9648
patrick@cormancom.com
www.cormancom.com
or
INSIDE company contact:
Geraldine Sauniere, +33 (0) 4 42 39 33 01
Marcom Director
gsauniere@insidefr.com
or
For Discover Financial Services:
Laura Gingiss, 224-405-0185
lauragingiss@discover.com



Copyright Business Wire 2009

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