18 December 2017
visit www.aciworldwide.com

EDS teams with TTi for Post Office EMV card contract

17 July 2002  |  4337 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  |  3733 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  |  4685 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit http://cib.db.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11316 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10391 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7823 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7584 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7472 views comments | 6 tweets | 26 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job