Thames Card Technology (TCT) has won a competitive tender to be the sole supplier for the production, personalisation and distribution of one million EMV chip payment cards for Ghana Commercial Bank (GCB Ltd.).
Thames will also offer its portfolio of consultancy services to support GCB Ltd. in its transfer to EMV over the next three years. It will also be working closely with the bank and its processor, International Card Processing Services (ICPS), to streamline integration with international payment systems.
Following consultation with Thames, GCB Ltd. is deploying its first commercial EMV products in anticipation of an October 2015 mandate from MasterCard and Visa requiring all Ghanaian banks to migrate to dynamic data authentication (DDA) capable cards. DDA provides protection against the modification of data and card cloning and is the most sophisticated EMV authentication protocol available today.
Samuel Sarpong, CTO at Ghana Commercial Bank Ltd., comments: “As the bank with the largest branch & ATM network in Ghana, we are working hard to stay ahead of the curve in the fight against payment fraud in Africa. EMV migration DDA mandates have been set for 2015 and Thames Card Technology will be central to our success in meeting these deadlines. It was of paramount importance that we found a partner with the ability to manage every stage of the card production process. Thames’ full service offering, technical expertise and international experience of taking customers through EMV migration made it the ideal partner to help us deliver added payment security to our two million account holders.”
Thames will manufacture nine different EMV cards for GCB Ltd., ‘standard’, ‘gold’, ‘corporate’ and ‘private’ for both MasterCard and Visa customers, in addition to a private label card for the bank, called ‘Ready Cash’.
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