23 October 2017
visit www.response.ncr.com

Taipei Bank to issue chip cards to lottery players

21 August 2002  |  2961 views  |  0 Taipei Bank to issue chip cards to lottery players

Taiwan's Taipei Bank has ordered 500,000 Multos-based smart cards for distribution to national lottery participants.

The cards will include MasterCard's M/Chip credit and Mondex purse applications. Other applications, such as loyalty, digital certificate or e-ticketing, can be loaded in the future.

Taiwanese smart card manufacturer Foongtone is to manufacture the cards in Taiwan and supply them to Taipei Bank on an ongoing basis. Sydney-based e-payments firm Keycorp has commenced delivery of the Multos operating system modules to Foongtone, with full shipment of units expected by the end of 2003.

Frank Lee, CEO of Foongtone Technology, comments: "Foongtone has worked with Taipei Bank to provide a solution with multi-application capability on cards which is easy to manage and which reduces the incidence of fraud."

MasterCard, working with Keycorp, introduced Taiwan's first EMV-compliant smartcard in July 2001. "The introduction of the lottery card in June this year is another of MasterCard's and Keycorp's efforts in facilitating chip migration in Taiwan," says Shuan Ghaidan, vice president, advanced payment systems, Asia/Pacific, MasterCard International.

Keycorp previously announced an ongoing agreement to supply smartcards to Cosmosbank, the first bank in Taiwan to introduce MasterCard's M/Chip credit application to its customers.

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

JCB issues over three million EMV smart cards

JCB issues over three million EMV smart cards

07 August 2002  |  3727 views  |  0 comments
Visa pushes down chip card costs

Visa pushes down chip card costs

25 June 2002  |  6427 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.comvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19182 views comments | 28 tweets | 41 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15126 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10946 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8984 views comments | 14 tweets | 28 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job