17 August 2017
Find out more

Keycorp wins multi-million Mondex Korea order

23 August 2001  |  3064 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  |  2819 views  |  0 comments
Visa and ANZ to introduce chip technology to Australasia

Visa and ANZ to introduce chip technology to Australasia

24 July 2001  |  4404 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10017 views comments | 8 tweets | 16 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
10011 views comments | 13 tweets | 11 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8335 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7782 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7725 views comments | 13 tweets | 7 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job