Precis Smart Card Systems Inc. said it is the first to be signed by Verifone Inc., Hewlett-Packard Co.'s payment system subsidiary, as an applications developer for Verismart software.

Verismart is a framework for delivering smart card applications to consumer appliances, typically via telephone lines or cable. When a cardholder is away from home, value could be loaded on the card's chip via cellular phone or a portable device like Verifone's Personal ATM.

The system operates in client/server mode, making it unnecessary to load software applications on a phone or computing device. All upgradings are done on a remote server computer, and people do not have to worry about their appliances becoming obsolete.

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