18 October 2017
visit www.response.ncr.com

EDS teams with TTi for Post Office EMV card contract

17 July 2002  |  4312 views  |  0 shopping till

ID Data has won a four-year multi-million pound contract through joint venture company TTi to supply EMV (Europay, MasterCard, Visa) cards and personalisation services to EDS for the UK Post Office card account.

The account is at the centre of Post Office plans for a universal banking service that will enable customers to continue collecting benefits in cash at local branches from April 2003. The Government will begin to pay all benefits directly into bank accounts from April 2003. These accounts will use PIN (personal identification number) technology at the counter and the card is based on the EMV standard for debit card transactions.

EDS won an outline eight-year contract to develop and support the card account at the Post Office and is providing the card, account administration and customer support services.

For an initial four-year period, ID Data Systems will handle the card production and personalisation for EDS and TTi - an Anglo-Japanese joint venture between ID Data, Toshiba and Toppan - will deliver the EMV payment solutions. Under the deal, TTi and EDS have the option to extend the contract if they so choose.

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

Bank Leumi hires EDS for total technology overhaul

Bank Leumi hires EDS for total technology overhaul

20 June 2002  |  3708 views  |  0 comments
Bank of Ireland delivers foreign currency to UK Post Office

Bank of Ireland delivers foreign currency to UK Post Office

24 May 2002  |  4670 views  |  0 comments

Related company news

 

Related blogs

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

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15183 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8384 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7897 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7334 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6488 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job