E-commerce and smart card developer Keycorp has scored a major coup by signing a preliminary agreement for a multimillion dollar communication equipment sale to NSW TAB.
The agreement binds Keycorp to supply and maintain an undisclosed quantity of Gaming Machine Interface Cards (GMICs) for TAB's new network TABLink over the next three years.
According to officials, the new TABLink network, developed by TAB, will enable all electronic gaming machines in the state network to deliver activity data to a central monitoring system at the TAB headquarters in the Sydney's Ultimo.
Allen Windross, managing director of TAB, revealed that it was Keycorp's experience in the banking and smart card worlds that made it an ideal partner for the forthcoming integration process that will involve several organisations.
"Keycorp's response to the tender proposal demonstrated their understanding of the complexities involved in the project such as this," he said.
Oscars and gimmicks
Based on Keycorp's proprietary smart card operating system OSSCA, GMICs will use secure access modules to provide a secure interface by encrypting information transmitted across the TABLink network.
Once completed, the new online network is expected to be the largest in Australia.
"This contract will be the largest single order that Keycorp has won, representing an important milestone for the company," John Wood, Keycorp's managing director, said.
Keycorp officials expect that the successful implementation of this system will lead to opportunities in other gaming jurisdictions in Australia and overseas.
The deal is expected to be finalised within the next few weeks.