Morpho (Safran) today announced that its Indian subsidiary Syscom has been certified as the first and to date only payment card manufacturer in India for the manufacturing and personalization of chip cards for RuPay, the Indian payment card network by National Payments Corporation of India (NPCI).
The RuPay chip card is based on the D-Payment Application Specification (D-PAS) platform, which is the EMV* technology of Discover Financial Services (DFS). The RuPay chip cards will thus be accepted at all Discover Point of Sale terminals and ATMs globally in addition to the vast network of RuPay-enabled ATMs and Point of Sale terminals in India.
"This certification recognizes Syscom's commitment to maintain technology and quality leadership over all other card manufacturers in the country to meet banks' requirement for payment cards," said Sanjeev Shriya, SVP Sales India at Morpho, e-Documents Division and Managing Director, Syscom. "The chip cards are based on international specifications that provide protection to banks and customers against card skimming and counterfeiting frauds. We are now fully equipped to meet the stringent security and certification requirement of the banks."
* EMV (Europay, MasterCard and VISA) is becoming the global standard in the migration from magnetic stripe cards to chip-based cards. EMV is an interoperability standard developed by the three financial institutions to ensure that all Europay, MasterCard, and VISA-branded smart cards and all smart card-reading POS terminals and ATMs work together to deliver the highest level of security.