GISIL’s intelligent devices run on Linux operating system, which optimize usage of hardware components and has the ability to run complex applications. As more powerful microprocessors become available, GISIL’s continuous innovation on access device technology is poised to further bring down prices while offering a wider range of applications for everyday consumption.

Our Multifunction Terminals are used at the point of sale and provide a mix of voice services, credit/debit card payment services and on-line vending of a variety of e-commerce products and services.

We have recently introduced our P100C CDMA multifunction fixed wireless terminal for voice and SMS Functions. These include PCO features, payment by “plastic” and our Virtual (credit/debit) Cards, and the on-line sale of products and services.

The P100C is distributed exclusively by Tata Teleservices in India.

The P100C hardware is based on a 200 MHz ARM9 processor equipped with 8 MB FLASH and 32 MB DRAM which makes it the equivalent in terms of power and complexity to that of a Personal Digital Assistant (“PDA”) device. The CDMA 2000 1X RTT subsystem is based on the Qualcomm MSM6025 chipset, which uses an ARM7 processor and supports voice and up to 150 Kbps data.

The P100C circuitry also provides an interface to an auxiliary analog phone using a subscriber loop interface and contains three linear codecs, one for each of: handset/speakerphone, aux port, and CDMA modem. The P100C has a dual-mode, magnetic-stripe/smart card reader for consumer cards and has two internal security access module smart cards – a total of three smart cards. A 240x160 monochrome graphical display provides a PDA-like user interface for the terminal’s rich applications set. A USB port can be used for program loading and optional peripherals like bar-code and biometric scanners and keyboards. A serial port communicates with an external adjunct printer.

The P100C uses the LINUX operating system for a far more capable environment than even the smartest of the commercially available “smart” phones. Much of the custom software in the P100C is for “housekeeping”: drivers, graphics utilities, test and diagnostic agents for field and factory upgrade agent and so on. What is visible to the user, however, are the applications.

The idle-state is controlled by an applications manager that can switch between three principal applications: telephone, point-of-sale (“POS”), and http-based browser.

The telephone application includes voice calling, text messaging, metered call charging, message, receipt, and report printing, accounting, auxiliary telephone port supervision and conferencing. Digital signal processing functions for conferencing, speakerphone echo cancellation and gain control also run as and when needed.

The POS application is used for entering, authorizing and voiding sales by standard bank credit/debit cards and GISIL’s Virtual Card. It communicates over the CDMA IP packet data link with bank facilities using the industry standard ISO 8583 application layer protocol. With the P100C’s high speed data capabilities transactions are completed ten times faster than with traditional dial-up terminals.

The P100C accepts magnetic stripe cards and also the emerging Europay/MasterCard/Visa (EMV) smart cards. EMV cards use an embedded microprocessor chip that, through encryption technology, authenticates consumers, merchants and transactions in ways that prevent fraud, including unauthorized use and cloning.

The P100C’s browser works in conjunction with our Business Server to allow an on-line shopping experience. In much the same way that PC users can shop and buy at e-commerce websites, consumers can visit P100C equipped merchants to buy items like air, rail and cinema tickets; top-up their pre-paid mobile account, pay bills, query their bank account and avail themselves of other value-added services. In India, a majority of consumers do not have access to PCs; so GISIL’s method has the potential to appeal to a broad audience.

The advantage of the server/browser architecture is the “thinness” of the software in the P100C. Though sophisticated and complex in itself, the browser can support an unlimited number of commerce applications without the need for re-writing the terminal software or consuming valuable memory resources.

The browser uses http, https (secure socket layer) and GISIL markup language (“GML”) to create the pages that allow shoppers to view vendor’s products for sale and buy using one of several available payment methods.

The P100C is the first member of a family of terminals, which will share a common architecture and feature elements. We are developing versions that will omit P100C’s voice functionality, focusing only on payments and online shopping. Some of these will have integral battery power and form factor optimized for portability. Further, we will support other network interfaces, with emphasis on wireless to include GSM and Wi-Fi in addition to CDMA. These second generation terminal family members will be introduced during the first half of 2007.

GISIL’s Business Servers work with our terminals to allow vendors and financial institutions to offer their products and services to consumers.

GISIL’s family of Business Server applications connect consumers at our terminals located at merchant sites to remote vendors and financial institutions with products to sell or services to offer. Consumers can visit merchant locations equipped with GISIL terminals to buy items like air, rail and cinema tickets; top-up their pre-paid mobile account, pay bills, query their bank account and avail themselves of other value-added services.

Our Business platform communicates, on one side, with vendors’ e-commerce systems using a business-to-business protocol such as XML or ISO8583, and on the other side, with the GISIL terminal at the merchant’s site using GML. Under the influence of the Business Server the terminal displays forms for consumers to sign-in, browse (for example) available flights or see their utility bills and bank accounts. When it is time to pay, the server can extract credit card or virtual card information or record a cash sale. At the end of the day the server’s database can be used to generate reconciliation reports for merchants and business partners.

GISIL’s Virtual Card solution complements and substitutes for “plastic” cards by providing a method for consumers to pay securely using their mobile phones.

GISIL’s revolutionary Virtual Card system works in conjunction with our terminal family. Any service that can be offered with a physical card can also be delivered through a virtual card.

A consumer can link her virtual card to a bank account or credit line. At the time of sale she presents only her mobile telephone number to the merchant who then enters the transaction amount and mobile number in the GISIL terminal, which in turn links to the Virtual Card server. In response, the Virtual Card server maps the mobile number to an issuing bank and account number, checks with the bank for account status, and calls the consumer to seek authorization via PIN entry. If the PIN is successfully entered by the consumer, the transaction is completed and the bank is notified of the debit and the merchant is notified through the GISIL terminal that the sale is complete.

The Virtual Card is more secure and offers greater convenience than any physical card: It has low cost of issuance, can’t be lost, requires no signature, and requires no special capabilities in the consumer’s handset. The system works for in-store shopping and is especially convenient for sales made over the telephone.

The Virtual Card system is currently under development for introduction in early 2007.

GISIL distributes its terminals through service providers, which include Telecom Operators and GISIL’s sister company, IndePay Networks Pvt. Ltd. which is essentially an electronic distribution and payment network. With the multifunctional IndePay terminal installed at a Merchant outlet, merchants can not only sell and get paid for their own products & services, but can also become an agent / distributor for IndePay aggregated goods & services. GISIL provides sales, service and support for all its products.