18 August 2017
Find out more

EDS teams with TTi for Post Office EMV card contract

17 July 2002  |  4267 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  |  3669 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  |  4624 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7407 views comments | 21 tweets | 22 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7239 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
5980 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5849 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5805 views comments | 11 tweets | 9 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job