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Keycorp is a leading provider of complete secure electronic transaction solutions from multipurpose smartcards and payment solutions to fleet services comprising asset management, help desk support, training and consulting.
Our vision is to be a leader in the payments and security markets for end-to-end solutions and services. This we have achieved both organically and through acquisitions, ever since Keycorp was first founded in 1983, manufacturing advanced keyboards.
In 1991, we developed our first smartcard-capable terminal, the KeyStation, for the Commonwealth Bank of Australia. This was followed by a series of further product technology developments, each adding more sophistication and effectiveness to the transaction process. Since 1995, we have supplied over 100,000 payment terminals to the Commonwealth Bank.
In 1996, we acquired 100% of Internet payments group, Nobil IT. In 2000, Keycorp acquired the e-commerce assets of Camtech, an Internet payments company, and in the following year we acquired 100% of the successful services business, Eftpos Engineering, which is now known as Keycorp Services. In 2005, Keycorp acquired 70 per cent ownership in Fox Technology Pty. Ltd., a multi-vendor solutions plane for ID cards. In 2006, Keycorp acquired the remaining 30 per cent interest in Fox Technology Pty. Ltd. to take 100% ownership of the company.
This has put Keycorp at the global forefront in its field, both technologically and in terms of market penetration.
This position was further enhanced when Australia’s largest telecommunications provider, Telstra, acquired a significant shareholding in Keycorp. |
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We continue to operate as a highly successful, independent company. Headquartered in Sydney, Australia, we have offices in Melbourne, Montreal and Toronto in Canada, with partners in Asia, Europe and North America. Our clients include some of the world’s leading financial institutions and payment processors, as well as prominent systems integrators and resellers. These include ANZ Bank, Cardex, Caltex, Commonwealth Bank of Australia, Kookmin Bank, Loblaws, National Australia Bank, Oyak Bank, Toys “R” Us and Westpac Banking Corporation.
Keycorp listed on the Australian Stock Exchange (ASX:KYC) in 1987. Our shareholder base consists of institutional, corporate and retail investors, with approximately 6000 shareholders. Keycorp management and staff are encouraged to participate in the company’s growth through our employee share ownership program.
In the mid-90s, Keycorp was instrumental in the development of MULTOS, the first open, high-security multi-application operating system for smart cards (hence “MULT-OS”). Keycorp MULTOS enables card issuers to create a customer-specific card, combining a number of applications on a single card. It represents the future of smartcard development, allowing true multipurpose cards that handle financial and personal information and transactions in a secure, effective and efficient manner.
MULTOS is an indication of Keycorp’s determination to be at the leading-edge of technological development in the electronic transactions market, and a sure indication that we will continue to grow and develop, through acquisitions, alliances and organic expansion.
Keycorp established its reputation on innovative and reliable products, highest quality service, and a customer-orientation second to none. We have held by these principles throughout our history, and we will continue to do so to the benefit of our customers, and their customers beyond. |