Oberthur Technologies Simplifies EMV Migration for U.S. Card Issuers
Prepared to deliver EMV migration solutions today
Chantilly, VA, November 3, 2009–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.
U.S. Press Contacts
Leana Benson Hersch
310 868 1318
310 479 7055