Company History

1998
 
  September     Established CyberNet Information System in Seoul, Korea. 
 
  December     Selected as an official payment terminal vendor by NCI, the major VAN (Value Added Network) company co-invested by 21 banks in Korea. 
 
1999
 
  June     Won Korea's 1st chip card project: Visa VSDC project. 
 
2000
 
  January     Launched JadeSP (with 3” SPROCKET printer), an all-in-one countertop EMV-certified payment terminal. 
 
  June     Launched Jade (with 2” THERMAL printer), an all-in-one countertop EMV-certified payment terminal. 
 
  September     Started Jade global distribution. 
 
  October     Established R&D center in Korea. 
 
  December     Expanded manufacturing plant in Korea. 
 
        Won ‘Money 10’ loyalty project with Best of Best Communications (now Money 10) in Korea. 
 
2001
 
  April     Certified EMV L1 & L2 (EMV 1996/3.1.1) from EMVCo. 
 
        Appointed as an official payment terminal vendor by KOCES, a major VAN (Value Added Network) company co-funded by major credit card companies in Korea. 
 
  July     Expanded into America by establishing CyberNet USA (located in Silicon Valley). 
 
        Won Korea electronic purse project with A-Cash corporation, an e-purse company co-funded by major credit card companies in Korea. 
 
        Appointed as an official payment terminal supplier by KMPS (now FDIK), the fastest growing VAN (Value Added Network) company co-founded by SK Inc, SK Telecom and Inicis. 
 
  September     Appointed as an official payment terminal vendor by KFTC, a financial telecommunications and clearings institute owned by the Korean government. 
 
        Changed corporate name to CyberNet Inc. 
 
  October     Launched JadeAIRE, a mobile/wireless EMV-certified payment terminal. 
 
2002
 
  January     Won lottery project in Brazil. 
 
        Formed CyberNet EMEA (Russia) to grow CyberNet business via direct and distribution sales in Europe, Middle East and Africa (EMEA). 
 
  June     Released JadeFAST, the Jade with a FASTER modem imbedded (33.6Kbps). 
 
  October     Appointed as an official payment terminal supplier by Visa International for Visa Smart Breakthrough Acceptance Device Program. 
 
        Selected by Visa International to demonstrate Visa Contactless Payment using “Visa-CyberNet Contactless Payment Demo” in Visa booth @ CARTES 2002. 
 
  November     Launched JadeSTAR, a 2 piece countertop EMV-certified payment terminal. 
 
        Launched JADEAdvantage, an all-in-one countertop EMV-certified payment terminal. 
 
  December     Released JADEBreakthrough, an all-in-one countertop EMV-certified payment terminal dedicated to Visa member banks and financial institutions worldwide for EMV migration. 
 
2003
 
  February     Appointed Eastern Communications for distribution sales in China. 
 
  March     Certified EMV L1 (EMV 2000/4.0) from EMVCo. 
 
  April     Certified EMV L2 (EMV 2000/4.0) from EMVCo. 
 
  June     Certified ISO 9001 from CCAS (Chamber Certification Assessment Services). 
 
  July     Certified Visa PED (PIN Entry Device) ONLINE on JADEBreakthrough platform from Visa International. 
 
  August     Appointed as an official payment terminal supplier by KSNET, a major VAN (Value Added Network) company in Korea. 
 
  December     Contracted with Omron for developing mobile/wireless EMV-certified terminal featuring contactless/RF and IRDA technology. 
 
        Won Italian PTT (National Posts & Telecommunications) project in partnership with ELSAG and B&C Link for providing payment terminals to the branches of PTT throughout Italy. 
 
        Contracted with Processa for supplying payment terminals for the automation of bingo and lottery payments throughout Colombia. 
 
        Selected by VISANET for providing payment terminals for EMV migration in Guatemala. 
 
2004
 
  January     Established CyberNet Japan to grow CyberNet business via direct and distribution sales in Japan. 
 
  February     Certified Visa PED (PIN Entry Device) ONLINE on JadeSTAR platform from Visa International. 
 
  March     Established CyberNet MEA (UAE) to grow CyberNet business via direct and distribution sales in Middle East & Africa. 
 
  April     Certified EMV L2 (EMV 2000/4.0) on firmware based CyberAPI from EMVCo. 
 
  July     Started distribution of payment terminals to SMARTRO, a fast growing VAN (Value Added Network) company established by GS CALTEX Oil Corporation. 
 
        Attracted foreign capital from HSBC Group. 
 
  October     Won Korea Post Office project for building mobile banking systems. 
 
  December     Contracted with KT&G (Korean Tobacco & Ginseng Corporation) for providing multi-function terminals for ordering by retailers and for CMS (Customer Management Service). 
 
        Won KT (Korea Telecom) project for supplying payment terminals for pharmacy EDI system. 
 
        Contracted with Hitachi-Omron Terminal Solutions (HOTS) for developing and supplying EPP (Encrypting PINpad) modules for ATMs in Japan.  
 
2005
 
  May     Won transportation control service system project managed by the Chilean government. 
 
  July     Contracted with MCS for developing and providing wireless payment terminals for taxis in Japan. 
 
  August     Shipped IP-enabled EMV-certified payment terminals to Banesco Bank in Venezuela. 
 
  December     Released JadeEKO, an all-in-one compact EMV-certified payment terminal featuring various options of wired and wireless communications. 
 
2006
 
  April     Won Megabanco project for building EMV system for coffee growers in Colombia. 
 
        Shipped IP-enabled EMV-certified payment terminals to BOD Bank in Venezuela. 
 
        Allied with Dongyang Telecom for co-manufacturing payment terminals. 
 
  May     Contracted with Digital Check for providing 2 piece EMV-certified payment terminals in Japan. 
 
        Contracted with Samsung S1 for distributing their EMV cards and solutions in Latin America. 
 
  June     Contracted with MCS for developing and providing countertop payment terminals with external contactless/RFID readers in Japan. 
 
  December     Obtained investment from Dongyang Telecom. 
 
        Established CyberNet Latino America to grow CyberNet business via direct and distribution sales in Latin America 
 
2007
 
  July     Certified PCI (Payment Card Industry) PED (PIN Entry Device) ONLINE on JadeEKO from Visa International.