24 February 2018
Visit www.avoka.com

Balkans to test pre-paid smart cards for cross-border Internet transactions

03 January 2003  |  5930 views  |  0 Balkans to test pre-paid smart cards for cross-border Internet transactions

Mellon Technologies of Greece has licensed Proton World's Prisma smart card technology for the Balcard project which aims to develop pre-paid smart cards for secure cross-border low-value Internet transactions in the Balkan region.

Mellon Technolgies, which heads the EU-funded Balcard consortium, will act as project coordinator for participating issuers, including Eurobank Cards of Greece, Bulgarian Post Bank, JCC Payment Systems from Cyprus and Bank Post of Romania.

Stefanos Karapetsis, executive director of Mellon Group, comments: "In Balcard we intend to demonstrate that prepaid smart cards can provide a secure means of payment to those Internet users that do not have a credit card or a bank account."

Borica, Bulgaria's national card payment operator, will be responsible for installation and customisation of test sites in Bulgaria, Greece, Cyprus and Romania.

French card manufacturer SchlumbergerSema will supply the Proton Prismera cards, which also contain an EMV Plus credit/debit application, data file manager and CEPS e-purse system.

A pilot scheme is due to be launched in Q2 2003 in Greece and Bulgaria.

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 company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.nextgenbanking.co.ukRegister for the webinar

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11725 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10308 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8499 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8035 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7729 views comments | 10 tweets | 14 linkedin

Featured job

Find your next job