Gemplus Delivers MasterCard Payment Smart Cards

Tuesday 18 May 2004 08:35 CET | News

Gemplus International S.A. has delivered the new generation of MasterCard payment smart cards to a leading retail bank in Russia, Russian Standard Bank.

This was the first worldwide delivery of MasterCard M/Chip version 4 (M/Chip 4), a highly flexible smart card application for credit and debit cards. The new smart cards were delivered in association with long term partners like IVK Systems, which provided the personalization solution and TietoEnator, which provided the host system. Added value for customers Russian Standard will be able to add value for existing customers and attract new business by building extra applications onto these payment cards. These new cards will handle point of sale debit or credit, as well as pre- authorized debit payments, which enable secure offline debit transactions. With the new Gemplus GemShare (M/Chip 4) smart cards, Gemplus has significantly invested in these new MasterCard specifications, enabling Russian banks to migrate to the international EMV(2) standard, which provide worldwide interoperability. The delivered solution consists of M/Chip 4 compliant smart cards, and the complete personalization, including data preparation, key management system and electrical personalization.

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Keywords: ,
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce