SCM Microsystems Announces myEMV Reader for MasterCard Chip Authentication Program CeBIT, HANOVER, Germany and FREMONT, Calif., March 18 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM; Prime Standard: SMY) today announced myEMV, a sleek, two-factor authenticator designed for use with EMV smart bankcards and the MasterCard Chip Authentication Program (CAP). SCM will market the terminals to banks and their systems integrators in countries migrating to EMV. The company is demonstratingmyEMV at CeBIT, in Hanover, Germany from March 18 to 24, 2004 in Hall 17, Booth # D26 and Hall 6, Booth # E10. "Banks and card issuers migrating to EMV need online solutions, and myEMV solves that problem," said Robert Schneider, chief executive officer of SCM Microsystems. "It is an elegantly simple device, yet it significantly increases the transaction security for consumers, issuers and merchants. It fills out our mobile security solutions for the banking industry by adding an offline device to our high-security PC-connected PIN pad solution and other smart card readers." myEMV is a battery operated smart card reading device with a display and keypad for entering PIN codes. It is only slightly larger than a credit card, with a highly stylized design featuring an oval shape and perimeter key placement. The device generates a One Time Password or Transaction Authentication Number for the authentication of online transactions such as e-commerce or e-banking. When a smart bankcard is inserted, the cardholder is prompted to enter his or her PIN. The reader then generates the one-time transaction authentication code, which the cardholder enters when making an online purchase using a standard Internet browser. The authentication data is transferred across the network and validated by the issuer, providing a type of "card-present" verification method for online transactions. Because it is entirely offline and not connected to any PC, myEMV is easy for consumers to set up and use and it is totally platform independent. Since the security lies in the smart card, every reader is identical without the need for personalization, making it a cost efficient and easy-to-distribute solution. When used with the MasterCard CAP program, the combination of the smart EMV bankcard and the reader creates a strong authentication tool for e-commerce, e-banking or any Web-based application where secure authentication is required. Consumers benefit from higher personal security for Internet payments and on-line banking. Web merchants get a payment guarantee, and a guaranteed identity of the user to aid in disputes. Issuers can reduce fraud and improve cardholder acquisition and retention. Banks that are already issuing paper-based Transaction Authentication Numbers (TANs) can also reduce operating expenses associated with the issuing and tracking of these numbers. myEMV conforms to the 3DS-CAP specification. Designs can be customized to carry corporate logos and custom coloring to suit specific client requirements. myEMV is based upon the same platform as the EasyTAN(R) reader, SCM's solution for generating TANs for EMV (Europay, Mastercard, VISA) chip cards based on the SECCOS(R) (Secure Chip Card Operating System) software platform. About SCM Microsystems SCM Microsystems is a leading supplier of solutions that open the Digital World by enabling people to conveniently access digital content and services. The company markets and sells its smart card reader technology for network and physical accessand conditional access modules for secure digital TV decryption to OEM customers in the government, financial, enterprise and broadcasting markets worldwide. Global headquarters are in Fremont, California, with European headquarters in Ismaning, Germany. For additional information, visit the SCM Microsystems web site at http://www.scmmicro.com/. NOTE: All trade names are either trademarks or registered trademarks of their respective holders. DATASOURCE: SCM Microsystems, Inc. CONTACT: ManfredMueller of SCM Microsystems, +49 89 95 95 5140, or ; or Deb Montner of Montner & Associates, +1-203-226-9290, or , for SCM Microsystems, Inc. Web site: http://www.scmmicro.com/

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