Unprecedented growth in the US
Oberthur Technologies, the world’s second largest smart card technology solution provider, issued over 2.5 million EMV cards to US banks and credit unions last year, up from 100,000 in 2010 (view press release). The announcement makes it the largest EMV provider to the US for 2011. The smart card solution and service provider now runs fifteen active EMV programmes in the US, more than double that of six months ago. The unprecedented growth is testament to the rapidly increasing demand for EMV in the country.
Martin Ferenczi, Managing Director of the Americas Region of Oberthur Technologies states that, this year the company “stands ready to meet to the growing demand for EMV migration in the US”.
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