23 August 2017
visit www.avoka.com

Oberthur buys Bogotá centre for Colombia EMV push

15 January 2010  |  6615 views  |  0 card chip

Oberthur Technologies has acquired a service centre in Bogotá from local vendor Dyetron in a bid to take advantage of Colombia's EMV migration programme. Financial terms of the deal were not disclosed.

Oberthur formed a partnership with Dyetron in June to create a service centre that could assist with Colombia's migration to EMV, which was scheduled to start at the first of this year.

Colombia's Superintendencia Financiera had imposed a 1 January, 2010 deadline for issuers and merchants to migrate to EMV payment. After this deadline, the liability over fraudulent transaction rests solely on the party that hasn't upgraded to EMV - whether it be the issuer or the merchant.

The French firm is now leasing the Bogota-based, MasterCard and Visa certified centre from which it will offer migration for local banks and EMV deployment for international financial institutions with customers in Colombia.

Martin Ferenczi, MD, Americas, card systems, Oberthur, says: "As a global provider of payment solutions, Oberthur Technologies is committed to the Colombian and South American payment markets. leveraging our expertise in providing over 200 EMV migrations worldwide, we see this acquisition as a focused solution to meet the needs of our banking customers in Latin America."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BNP Paribas and Oberthur to turn Nice into NFC city

BNP Paribas and Oberthur to turn Nice into NFC city

18 November 2009  |  9099 views  |  0 comments | 1 tweets
Oberthur ships light-emitting contactless card

Oberthur ships light-emitting contactless card

05 November 2009  |  6358 views  |  3 comments
Oberthur eyes African EMV bounty with Africard acquisition

Oberthur eyes African EMV bounty with Africard acquisition

04 October 2005  |  5033 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12787 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11399 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10575 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10515 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10465 views 0 | 6 tweets | 1 linkedin

Featured job

Find your next job