NANTERRE, France--(BUSINESS WIRE)--Oberthur Technologies, a world leader in the field of secure technologies, has announced today the availability of its first MasterCard® M/Chip™ Advance product.
Following Oberthur Technologies announcement of the development of MasterCard® M/Chip™ Advance in December 2010, the Cosmo Fly v4 M/Chip™ Advance has been fully certified and is now commercially available for Issuers. The Oberthur Technologies M/Chip™ Advance card provides issuers with a flexible solution for contact and contactless payments.
In addition to numerous payment-related enhancements, M/Chip™ Advance also offers Integrated Data Storage capabilities to address the increasing demand for ‘one card’ payment solutions for sectors such as mass transit, loyalty, as well as campus and government entitlement programs.
“Cosmo Fly v4 M/Chip™ Advance is a major achievement for Oberthur Technologies in its commitment to offer its customers the latest innovations in the industry”, said Cédric Collomb, Cards & Services General Manager, Card Systems Division at Oberthur Technologies. “Cosmo Fly v4 M/Chip™ Advance will allow issuers to deploy value-added solutions, such as ticketing for transport in open payment fare systems”.
Ed McLaughlin, Chief Emerging Payments Officer at MasterCard Worldwide
“Oberthur Technologies has shown continuous commitment to deliver innovative payment products to our joint Issuing customers. We are delighted that Oberthur Technologies is now ready to deliver M/Chip™ Advance to MasterCard® Issuers. M/Chip™ Advance paves the way for future innovation, building on the fast-growing EMV infrastructure worldwide“
About Oberthur Technologies
Oberthur Technologies is a world leader in the field of secure
technologies: systems development, solutions and services for smart
cards (payment cards, SIM cards, access cards, NFC…) and for secure
identity documents, traditional and electronic (identity card, passport,
health care card), production of banknotes, cheques and other fiduciary
documents, intelligent systems to secure cash-in-transit and ATM.
Oberthur Technologies has 6,800 employees through 40 countries and 65
sites. The Group posted 2010 sales of €979M.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl®. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.
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