19 October 2017
Register now

Oberthur buys Bogotá centre for Colombia EMV push

15 January 2010  |  6670 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  |  9143 views  |  0 comments | 1 tweets
Oberthur ships light-emitting contactless card

Oberthur ships light-emitting contactless card

05 November 2009  |  6404 views  |  3 comments
Oberthur eyes African EMV bounty with Africard acquisition

Oberthur eyes African EMV bounty with Africard acquisition

04 October 2005  |  5070 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15812 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8951 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8049 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7144 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6287 views comments | 6 tweets | 3 linkedin

Featured job

circa £250K total package

Find your next job