Gemalto and FPT Information System Partner for the First EMV Deployment in Vietnam with Vietnam Joint-Stock Commercial Bank for Private Enterprises
Amsterdam/Hanoi, Aug 30, 2007–Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announces that Gemalto and Vietnam’s largest system integrator FPT Information System (FPT-IS) have partnered for the first EMV (Europay, MasterCard, Visa) deployment in Vietnam with Vietnam Joint-Stock Commercial Bank for Private Enterprises (VPBank). This collaboration meant that VPBank got their first EMV microprocessor cards issued within 2 months of the commissioning.
This winning combination leverages on Gemalto’s leading worldwide expertise on practical EMV migration and expertise as well as FPT-IS’ dedicated local support and systems integration experience. Together, Gemalto and FPT-IS provide end-to-end services by developing a personalization solution tailored for VPBank’s needs, set up 24/7 support, provided consultation and training and deliver EMV microprocessor cards. The partnership between Gemalto and FPT-IS ensured that there was a solid teamwork to cover all aspects of the deployment, which is critical for such fast turn-around times.
“EMV migration is no longer just about pushing off-the-shelf products,” said Suzanne Tong-Li, Head of Asia Secure Transaction at Gemalto. “Financial institutions are looking for well established and reliable partners with proven track records who are able to put together customized EMV deployment programs within the shortest timeframes. This launch is a fitting achievement to celebrate the 12th anniversary of VPBank.”
Mr. Do Cao Bao, CEO of FPT Information System added, “Partnering Gemalto’s EMV experience with FPT-IS’ industry commanding presence in Vietnam has allowed VPBank’s every need to be met. We believe that this partnership has benefited all parties and brings Vietnam forward in EMV migration.”
“In our industry, speed is critical as time is money,” said Dr Le Dac Son, General Director and CEO of VPBank. “It is most impressive how our needs for the fast deployment of an EMV program has been met entirely and this project clearly benefits from an international EMV experience with strong local support.”
Gemalto (Euronext NL 0000400653 GTO) is a leader in digital security with pro forma 2006 annual revenues of €1.7 billion, operations in about 100 countries and over 10,000 employees including 1,500 R&D engineers. In a world where the digital revolution is increasingly transforming our lives, Gemalto’s solutions are designed to make personal digital interactions more convenient, secure and enjoyable.
Gemalto provides end-to-end digital security solutions, from the development of software applications through design and production of secure personal devices such as smart cards, SIMs, e-passports, and tokens to the management of deployment services for its customers.
More than a billion people worldwide use the company’s products and services for telecommunications, financial services, e-government, identity management, multimedia content, digital rights management, IT security, mass transit and many other applications.
As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years. Gemalto was formed in June 2006 by the combination of Axalto and Gemplus.
For more information please visit http://www.gemalto.com.
About FPT-Information System
Being the leading giant in term of Technology among six subsidiaries of The Corporation for Financing and Promoting Technology (FPT), FPT Information System Company (FPT-IS) is proud to be the leading IT Integrator in region and the best solution supplier in Vietnam in terms of different fields: Software Solutions provider and development, ERP services, Network Technology, Server System, Data Center, Storage System and System Securities, Backup and Disaster recovery, Intelligent building, Maintenance services… The company is regarded as a truthful, professional and long-term partner of government offices, internal and external enterprise organizations, particularly the organizations which play a core role in Vietnam’s economy.
With more than 1,800 staff including professionals possessing high-level certificates of many leading firms in the world, the company has become strategic partner of Gemalto, IBM, HP, Cisco, Oracle, Microsoft, ArcInfor, I-flex, NCR, Diebold, SAP… as well. Currently, FPT Information System is the only company in Indochina possessing 4 highest level certificates: Gold Partner of Cisco, Microsoft, Checkpoint, and Certified Advantage Partner of Oracle. FPT-IS commits to bring its customers the best solutions and services, help them solve problems of professional, business as well as management in the most effective ways.
More information about FPT Information System can be found at: http://www.fis.com.vn.
About Vietnam Joint-Stock Commercial Bank for Private Enterprises
Founded in 1993, after 14 years of operation, in compare with other Joint stock Commercial Bank, with the network of 80 branches and sub-branches, VPBank is appearing throughout Vietnam. In accordance with the plan, at the end of 2007 VPBank network will have more than 100 branches and sub-branches and to be a second Joint stock Commercial Bank who has largest network. In recent years, VPBank’s business always keep a stable and firm growth with the main financial criterias increasing regularly.
For the first six months of 2007, the business of VPBank achieve a lot of success. At the end of June 2007, total asset and total loans are increased twice times to compare with the last year. Up to 30th June 2007, total mobilization fund is more than 11,340 billion VND, get 80% plan of current year; Total revolving is more than 7,880 billion VND, get 90% plan of current year. Total asset of VPBank at the end of June 2007 is more than 12,000 billion; Profit before tax is about 140 billion VND.
For more information please visit http://www.vpb.com.vn.
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