Oh wow, a lot of technology in there from my past... in the late 90's I worked at a startup, Cards Etc, in Sydney, Australia with the mission to build a back-end system, Arterium, for dealing with multi-application smart card issuance.

The product is still mentioned in a couple of articles...

https://www.afr.com/companies/smartcards-offer-a-world-of-op... https://www.finextra.com/newsarticle/3534/first-data-selects...