Gemplus and Universal Kart form Turkish EMV pact
04 July 2003 | 3387 views | 0
Universal Kart and Gemplus are jointly investing EUR1 million in a project to offer the Turkish banking community an EMV card personalisation solution based on the French card manufacturer's GemSense Pro software.
Universal Kart offers technical consultancy and services to companies issuing cards and installing PoS terminals. The deal with Gemplus enables the firm to meet the stringent standards set by the payment card associations for EMV compliance, from data processing to card issuance. It also contains provisions for outsourcing card personalisation to Gemplus should demand escalate.
An estimated six million EMV smart cards will be issued in Turkey over the next four years.