By providing operators and payment institutions with a single platform from which to support multiple applications, Singula significantly reduces the cost and time necessary to develop an e-payment infrastructure.
The STIP standard, based on Java™ language, has been developed by the Small Terminals Interoperability Platform consortium to remove the obstacle of incompatible hardware. It also addresses the key interoperability issue for the new generation of heterogeneous payment networks with the need to meet the strict security, performance and cost requirements of traditional electronic payment, on devices that may have limited memory and processing power.
With its track record in pioneering open systems developments, such as the Java card, SchlumbergerSema is a key member of the STIP consortium. The launch of Singula makes open operation a practical reality, for operators and payment institutions worldwide that will reap the full benefits of simplified development, deployment and terminal management. Singula uses a powerful virtual machine dedicated to small devices that is designed by SchlumbergerSema. It incorporates an XML browser for flexible user interface.
The STIP 2.0 standard is already recognized as the underlying interoperable layer of choice by converging initiatives such as Finread and Global Platform, and SchlumbergerSema plans to provide support for these evolving specifications on its Singula platform.
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Singula and MagIC are trademarks of Schlumberger. Java is a trademark of Sun Microsystems.
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