Oberthur Technologies Achieves Mastercard(R) Certification for Flash Memory Based Payment Cards - Giving More Flexibility to Financial Institutions in Issuing Cards and Reducing Time to Market
Posted on: Wednesday, 7 October 2009, 12:54 CDT
With the completion of MasterCard's most stringent security testing, Oberthur Technologies has demonstrated that Flash-memory based payment cards can be fully compliant with global payment standards. Flash-memory based products bring more flexibility to financial institutions in issuing with a reduced time to market by eliminating the "masking" phase, which is usually required to load software onto the payment card's chip during the manufacturing process. With Flash memory, cards can be securely loaded with customized applications such as debit, credit or other payment applications without having to go through the masking process.
Flash technology has become the universal memory standard in the semiconductor world, and is commonly used in SIM cards for mobile phones or for mass storage devices. It provides greater flexibility for managing applications and no power is needed to maintain the information stored.
"We are proud to announce that Oberthur Technologies has obtained the CAST certification for a Flash based payment card guaranteeing compliance with MasterCard requirements. It shows Oberthur Technologies' capacity to innovate and develop new products that are built on years of experience and expertise in security", says Frederic Chevreton, General Manager, Payment Product Line, Card Systems Division at Oberthur Technologies.
"To combine the characteristics of flash technology and payment card
platforms will bring key benefits to issuers, says
About Oberthur Technologies
With sales of
Close to its customers, Oberthur Technologies benefits from an industrial and commercial presence across all five continents.
Oberthur Technologies S.A. is a limited liability company (societe
anonyme) registered in
Website: http://www.oberthur.com
SOURCE Oberthur Technologies
Source: PR Newswire
Related Articles
- Oberthur Technologies and Graphic Security Systems Corporation Enhance Physical Security of Smart Cards
- Oberthur Technologies: Major Security Certifications for the Identity Product Range
- Oberthur Technologies Launches World's First Commercialized Light-Emitting Payment Card
- Oberthur Technologies Partners With the People's Bank of Georgia to Launch Contactless Payment VISA payWave Cards Throughout Central Europe
- Oberthur Technologies Deploys Contactless Payment Sticker Certified by MasterCard to Leading Banks in the United States and Europe
- Oberthur Technologies Chosen as the Exclusive Supplier For S2p - The Banking Subsidiary of Carrefour - for the Dual Interface Contactless Payment Card Project
- Zain Group Selects Oberthur Technologies' End-to-End Security Platform for Africa's Biggest Mobile Commerce Service
- Oberthur Technologies Announces Enhanced Secure Transaction Capabilities in Partnership With Valimo
- Oberthur Technologies Provides Telecable With Bundled Solutions to Administrate its Mobile Devices
 |
 |
User Comments (0)
RSS Feeds