Intellect cashes in on French electronic purse

Intellect has chalked up yet another strong export contract with an order for 1000 of its MicroBank terminals for use in a pilot version of the French national electronic purse smart card scheme. The deal may lead to enormous spin-off business for Intellect when the final scheme is rolled out across France in the third quarter of this year. The national system will require several hundred thousand new terminals for banks alone, with many more required for retail outlets and other locations, explained David Campoy, Intellect's sales manager for Canada, Americas and southern Europe.

The order was placed by Billeterie Monnetique Services, a company that was created by the merger of two e-purse schemes -- Moneo and Modeus -- to become France's national e-purse provider. Intellect had been a supplier to Moneo's operator.

Campoy said that during the pilot scheme the MicroBank terminals will be installed in shops, kiosks, and other retail outlets in Lyon. Cardholders will be able to use the terminals to make electronic payments online or offline, and to recharge their cards with electronic cash.

Campoy added that Intellect believes it is ideally placed to win major new business when the full scale French rollout occurs. He also noted that the technology platform developed for Moneo is about to be rolled out in Germany under the name Geldkarte, which will offer further opportunities to the Australian company.

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