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Giesecke & Devrient and TORO Develop Innovative Offering for Mobile Financial Applications

Barcelona, Spain and Taipei, Taiwan – February 15, 2010. Toro Development Ldt. (TORO) and Giesecke & Devrient (G&D) are working together to develop a cutting-edge offering for mobile financial applications based on G&D’s Mobile Security Card and TORO’s Akami mobile platform. Both companies are contributing their respective expertise in hardware, firmware, middleware, mobile software, and system architecture to create a platform offering system integrators, financial service providers, and retailers fast time to market for a proven secure mobile solution.

The Mobile Security Card originates from Giesecke & Devrient Secure Flash Solutions (G&D SFS), a joint venture between G&D and the flash controller supplier Phison Electronics.

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