Gemalto Selected to Provide Citibank Taiwan With EMV Turnkey Solution
Amsterdam–Taipei, June 12, 2007–Gemalto (Euronext NL0000400653 GTO), a world leader in digital security, today announces that Citibank Taiwan selected Gemalto as exclusive EMV (Europay, MasterCard, VISA) migration launch partner and to provide over 1 million banking cards, personalization services and turnkey solution.
Delivering worldwide EMV migration projects, Gemalto serves the world’s financial community with banking microprocessor cards and personalization services. Complying with international banking security requirements, EMV banking cards provide greater protection against fraud than traditional magnetic stripe banking cards, and in turn gives greater peace of mind to card holders.
“A migration of technology of this scale, being Taiwan’s largest foreign bank, is fraught with challenges, and careful planning and extra diligence is necessary,” said Daniel Huang, vice president, Transaction Service Group of Citibank Taiwan. “Experience counts for a lot and having a one-stop-shop makes life easier for everyone involved. Migration to EMV microprocessor card technology is an important milestone and we believe our customers will benefit from the enhanced security provided whilst maintaining the same levels of convenience.”
Gemalto’s ability to provide digital security extends beyond the card, and a complete end-to-end service program is being built for Citibank cardholders, who are able to choose from a variety of Citibank services which employ a wide range of card technologies. Once the service is selected, cardholder data is sent securely to Gemalto’s local personalization center, where the corresponding card is personalized, packaged and prepared for delivery to the cardholder.
“Gemalto has largely contributed to EMV migrations worldwide, and this strong experience enables us to pass on its benefits to our customers” said Tan Teck Lee, president of Gemalto North Asia. “We are proud to be able to offer such a complete service bringing all of our expertise and services together in Taiwan for Citibank. We pride ourselves in being able to provide strong local service and support and believe this is a critical component in maintaining a strong partnership.”
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 more than 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.
Citigroup (NYSE: C), the leading global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at http://www.citigroup.com.
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