CHANTILLY, Va.--(BUSINESS WIRE)--Oberthur Technologies, the world's second largest provider of smart card based solutions to financial institutions and government agencies in the U.S., has seen an increase in EMV demand from card issuers in the United States over the last several months - a result of increased demand from disgruntled US travelers.
Multiple launches from leading financial institutions are currently underway, for early 2011 deployment. "The increased difficulty for U.S. travelers is evident,” said Martin Ferenczi, Managing Director of the Americas Region for the Card Systems Division at Oberthur Technologies, "more merchants in EMV countries are declining non-EMV cards for fear that they’ll be liable if any fraud occurs, so US travelers are often unable to use their non-EMV payment cards for a variety of products and services – creating unhappy customers at restaurants, railways stations and other establishments frequented by both business and vacation travelers.”
An October survey of North American financial institutions, conducted by ACI Worldwide, indicated that 57% of respondents admitted to having customer service issues with cardholders experiencing difficulties overseas.
Oberthur Technologies has issued over 600 million EMV cards globally and offers a comprehensive range of EMV payment solutions to meet clients’ needs, including contact, contactless and dual interface payment cards and prepaid cards. To lessen the technical hurdle associated with an EMV migration, Oberthur Technologies also offers EMV-in-a-Box, a fully integrated EMV migration solution and management program based on best practices gained by Oberthur Technologies’ work on more than 200 EMV projects worldwide. The EMV-in-a-Box 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 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, has the capacity to produce 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.
“Oberthur Technologies is actively working with issuers to provide an EMV option for Americans traveling internationally,” said Ferenczi, “we have the global experience coupled with U.S. based manufacturing capacity and card personalization solutions to deliver cards which meet issuers’ demands and cardholders’ needs.”
About Oberthur Technologies
With sales of 904.6 million euros in 2009 and 6,160 employees worldwide, Oberthur Technologies is a world leader in the field of secure technologies. Innovation and excellence ensure Oberthur Technologies’ strong positioning in its main target markets:
- Card Systems: World’s second largest provider of security and identification solutions and services based on smart card technologies for mobile, payment, transport, digital TV and convergence markets.
- Identity: A world leader in the manufacture of traditional and electronic secure identity documents. We are also a system integrator and a specialist in know-how transfer - census, personalisation platforms implementation and identity data management.
- Security Printing: World’s third largest private security printer specialized in the production of banknotes, checks and numerous security documents in more than fifty countries.
- Cash Protection: World leader in design and manufacture of intelligent cash protection solutions for CIT (Cash In Transit) companies, ATM manufacturers and owners, retailers, post offices and banks.
Close to its customers, Oberthur Technologies benefits from an industrial and commercial presence across all five continents.
Oberthur Technologies S.A. is a limited liability company (société anonyme) registered in France with its headquarter office at 50 quai Michelet 92 532 Levallois Perret, France. Oberthur Technologies S.A.’s corporate registration number is 340 709 534 R.C.S. Paris.