19 February 2018
Visit www.avoka.com

Keycorp wins multi-million Mondex Korea order

23 August 2001  |  3161 views  |  0 Mondex international 2

Sydney-based electronic payments outfit Keycorp is reporting a multi-million dollar contract with Mondex Korea for the provision of 300,000 Multos chip cards.

The new payment card will incorporate Keycorp's Multos smartcard operating system and additional applications such as M/Chip Select (MasterCard credit and debit application) and digital certificates. The rollout is expected to be completed by the end of the year.

The payment card is a cooperative effort between Mondex Korea, Kookmin Bank Credit Card Co and local telco KTF (Korean Telecom Freetel).

The deal comes on the back of a recent A$3 million order from the National Australia Bank for Keycorp's K23 advanced point-of-service payment terminals.

The new Mondex contract will be a shot in the arm for Keycorp, which recently reported a half-year operating EBIDTA loss of $11.9 million and scaled back its international operations in an effort to reduce costs.

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

MasterCard files for SEC registration

MasterCard files for SEC registration

15 August 2001  |  2923 views  |  0 comments
Visa and ANZ to introduce chip technology to Australasia

Visa and ANZ to introduce chip technology to Australasia

24 July 2001  |  4504 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit https://www.capgemini.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11366 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8920 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8804 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8756 views comments | 15 tweets | 43 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
8163 views 4 | 9 tweets | 6 linkedin

Featured job

Find your next job