RegardingID Archive | First banking chip cards appear in Vietnam

Friday, December 21, 2007

FPT-IS and Gemalto are assisting two other banks to replace magnetic cards in Vietnam with EMV smart cards. The Holland-based partner Gemalto is responsible for technical assistance and training while FPT-IS will design a 274/7 support system. The purpose and goal of the EMV standard is to specify interoperation between EMV compliant IC cards and EMV compliant credit card payment terminals throughout the world. Vietnam is in the region where banks must use smart cards as of January 1, 2006 but till now only VP Bank has issued smart cards.

Read the full article here.

Report: Smart card market sets to reach 10.9 billion by 2015

Global Industry Analysts Inc. released a report forecasting the outlook on the global smart card market to reach 10.9 billion units by 2015.

GIA credits the growth driven largely by major initiatives in the financial, government and security sectors, with the telecom sector at the way ahead of the pack as the largest end-user. Increasing usage of contactless technology, newer applications and mandatory EMV migration across countries are also major drivers boosting the global market for smart cards.

Infineon lends a hand in Europe contactless bank card project

The German Banking Industry Committee has partnered with Infineon Technologies to launch one of Europe’s biggest contactless payment trials in the metropolitan area of Hanover, Braunschweig and Wolfsburg.

Canadian banks issue NFC payment guidelines

Canada’s banking and credit union groups have come together to create a set of open guidelines for the development of mobile payments at point-of-sale in Canada.

HSBC starts roll out of contactless bank cards

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

Saudi bank deploys Gemalto banking cards

Al Bilad Bank, a Shariah-based financial organization in Saudi Arabia, has deployed Gemalto’s Dexxis Instant Issuance solution for EMV payment cards in more than 120 bank branches. With this system, Al Bilad can issue up to 2,000 EMV DDA high-end security smart cards a day.

FNB launches GPS-based mobile payments

South Africa’s First National Bank (FNB) has added a new feature to its mobile app that enables users to make peer-to-peer payments via GPS technology.

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First banking chip cards appear in Vietnam