First Data Corporation and Oberthur Technologies announced a strategic partnership to
First Data and Oberthur sign long-term strategic partnership to promote EMV in the US
manage and promote EMV in the US.
First Data is a global leader in electronic commerce and payment processing. Oberthur Technologies is one of the world’s largest providers of security and identification solutions and services based on smart card technologies.
The partnership will leverage Oberthur Technologies’ expertise, smart cards and Common Personalization System (CPS), along with both companies’ card personalization capabilities, to deliver a robust, secure and comprehensive EMV solution. As part of the partnership, Oberthur Technologies has also become First Data’s preferred provider of EMV smart cards.
“With this agreement, First Data extends its market leadership with an outstanding solution that provides card issuers with flexibility, security and control,” explains Frank Bisignano, CEO, First Data. “Oberthur Technologies’ industry-leading EMV technology and chips further strengthen our offering. The partnership reflects First Data’s determination to lead the industry in preparing for the U.S. EMV migration and provide its customers a world-class solution.”
“This agreement solidifies our leadership position in the U.S. EMV market,” continues Didier Lamouche, CEO, Oberthur Technologies. “First Data’s presence and relationships in the U.S. market make them a great partner for Oberthur Technologies to bring EMV solutions to U.S. card issuers. Furthermore, the selection of our technology by the leading card processor in a partnership of such scale is further proof of how Oberthur Technologies is transforming itself to accelerate its development and capture new market opportunities.”
US still a dark spot on the EMV deployment map
First Data has supported EMV for more than a decade. Globally, the company has been an approved EMV transaction processor since 1999. First Data has also successfully personalized and fulfilled a number of U.S. issuers’ EMV chip card portfolios since the move to EMV in the U.S. began. The company also recently announced that it has completed MasterCard testing requirements to process Maestro EMV ATM transactions.
Oberthur Technologies has continuously invested for more than 10 years in the U.S., where it has two personalization centers and a manufacturing site, in preparation for the EMV migration. This effort has accelerated in 2013 with significant investments in manufacturing and personalization resources.
First Data Corporation and Oberthur Technologies announced a strategic partnership to manage and promote EMV in the US.
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