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Oberthur Technologies Simplifies EMV Migration for U.S. Card Issuers

November 3, 2009

CHANTILLY, Virginia, November 3 /PRNewswire-FirstCall/ — Oberthur
Technologies, the world’s second largest provider of smart card based
solutions and a leading contactless card provider in the U.S., today
announced its breakthrough EMV migration solution, “EMV-in-Box”, for card
issuers in the United States.

“At a time when the global marketplace is migrating to EMV to fight
against rapidly increasing payment fraud, the U.S. will become isolated if it
stays with magstripe-only technology,” said Martin Ferenczi, Managing
Director of the Americas Region for the Card Systems Division at Oberthur
Technologies. “Oberthur’s proven experience in EMV, our customer-focused
EMV-in-a-Box solution along with our manufacturing and personalization
footprint in the U.S. enables us to effectively deploy EMV cards in the U.S.
today.”

Oberthur Technologies, which has issued over 500 million EMV cards
globally, offers a comprehensive range of EMV payment solutions to meet
clients’ needs, including contact, contactless and dual interface cards.
EMV-in-a-Box, a fully integrated EMV migration solution and management
program, is based on best practices gained by Oberthur Technologies’ work on
more than 200 EMV projects worldwide. The program includes on-site
consultation, EMV training, project management and technical support. The
migration plan enables EMV cards to be issued within 12 weeks from project
initiation.

EMV (Europay MasterCard VISA) is a global specification for credit and
debit payment cards based on chip card technology. The EMV standard, which
offers enhanced security versus traditional magstripe cards, has widespread
use and acceptance worldwide, excluding the United States.

Oberthur Technologies’ ISO 9001 certified manufacturing facility, in
southeast Pennsylvania, recently completed a multi-million dollar expansion
plan. The newly installed equipment includes milling and embedding lines for
chip based cards. The expanded facility is targeted to have a card
manufacturing capacity of over 20 million cards a month. EMV card
personalization can take place at either of Oberthur Technologies two
bi-coastal service centers, located in Los Angeles, California and Chantilly,
Virginia
.

About Oberthur Technologies

With sales of 882 million Euros in 2008, Oberthur Technologies is a world
leader in the field of secure technologies. Innovation and high quality
services ensure Oberthur Technologies’ strong positioning in its main target
markets:

Card Systems: One of the world’s leading providers of security and
identification based on smart card technology and associated services for
mobile, payment, transport, digital TV and convergence markets.

Identity: International player for the manufacture and personalization of
secure identity documents such as passport, identity card, driving license or
health care card – traditional and electronic – and associated services for
both governmental and corporate markets.

Fiduciary printing: World’s third largest private security printer
specialized in high security for the production of banknotes, checks and
other fiduciary documents in more than fifty countries.

Cash protection: World leader in the emerging market of intelligent
systems to secure cash-in-transit and ATM.

Close to its customers, Oberthur Technologies benefits from an industrial
and commercial presence across all five continents.

Website: http://www.oberthur.com

SOURCE Oberthur Technologies


Source: newswire



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