The partnership will leverage Oberthur Technologies’ smart cards, and Common Personalization System (CPS), along with both companies’ card personalization capabilities, to deliver a secure 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,” said 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,” said 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.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.