November 27, 2001

SchlumbergerSema Announces Strategic Alliance with CUNA Network Services

Partnering to Bring the Latest Secure Smart Card-based Solutions to Credit Unions and Their Members

FOR IMMEDIATE RELEASE
Contact:
Doug Benzine, SVP Business Development
CUNA Network Services 608-231-4039
Dbenzine@cuna.com

Karen Hodgson
SchlumbergerSema
905-315-9719
karen.hodgson@ca.sema.com


Brittany Jedrzejewski
The Bernard Group
512-327-2195
brittanyj@bernardgroup.com

AUSTIN, TX—SchlumbergerSema, a world leader in smart card technology, today announced that they have joined forces with CUNA Network Services to deliver a new generation of smart card-based solutions that address the growing need for online privacy and protection in the financial services industry. Under the terms of the agreement, CUNA Network Services will market, distribute and support SchlumbergerSema payment, IT and security related smart card-based solutions to more than 10,000 credit unions across the U.S.

Through this alliance, the nation’s credit unions will be able to offer their members convenient, leading-edge smart card-based solutions that meet the high security standards mandated for credit unions by the National Credit Union Administration (NCUA). As a result, credit union members will be able to use secure authentication to access financial portals to manage accounts for electronic payment, home banking and other registered financial services. Consumers who are members of participating credit unions can also use SchlumbergerSema smart cards as secure devices for storing and managing personal data, including favorite URLs, passwords, addresses and accounts.

"SchlumbergerSema has chosen to both invest in, and form a technology alliance with CUNA Network Services because they are a premier services company addressing the IT and security needs of the credit union movement. CUNA Network Services has a clear mission to support the NCUA regulatory and security requirements that enable credit unions to compete on level playing fields, utilizing the latest technology in a secure environment," said Paul Beverly, Vice President of Smart Cards and Terminals for SchlumbergerSema North America. "We believe in the increasingly valuable services credit unions bring to their communities and members, and that CUNA Network Services is a long term partner to support the growing needs of all credit unions, both large and small."

"Working with CUNA Network Services and our other strategic partners, SchlumbergerSema will help us empower credit unions to offer their members leading edge technology to manage secure e-commerce applications," said John Hobko, president and CEO of CUNA Network Services.

CUNA Network Services will utilize newly released SchlumbergerSema e-gate? technology to bring credit unions and their members the advantages of increased security and convenience through smart card-enabled network access. The e-gate technology enables a smart card to plug directly into the standard USB (Universal Serial Bus) port on a PC, eliminating the need for a card reader, separate power supply and driver software. With e-gate technology, credit unions issuing MasterCard and Visa payment cards have a clear migration path to future smart card and secure payment technology platforms.

CUNA Network Service’s Hobko added, "We are extremely pleased to be joining forces with SchlumbergerSema. I am confident that the technical solutions, resources, and expertise that SchlumbergerSema offers in the smart card sector will enhance CUNA Network Services efforts to bring added value to credit unions and their members."

About SchlumbergerSema

SchlumbergerSema is a leading information technology services company providing consulting, system integration, managed services, business continuity systems, Smart Card products and IP network security solutions serving the telecommunications, utility, finance, transport, oil and gas, and public sector markets. With more than 30,000 employees in 130 countries, SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology service company. For more information about SchlumbergerSema, visit http://www.slb.com/.

About CUNA Network Services

CUNA Network Services focuses on the development and delivery of e-commerce products and services, providing efficient, advanced online business and communication products and services exclusively for the credit union movement. The company’s mission is to develop technology and delivery systems for future credit union e-commerce initiatives, allowing credit unions of all sizes to provide competitive e-commerce solutions to their members. With a network of affiliated state credit union leagues, CUNA serves more than 90 percent of America's 10,300 credit unions, which are owned by more than 81 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit the CUNA and Affiliates' Web site at www.cuna.org.

Copyright © 2008 - Credit Union National Association, Inc.