20 October 2017
Register now

National Bank of Canada plans smart card pilot

05 July 2007  |  2170 views  |  0 Source: National Bank of Canada

National Bank (Toronto:NA.TO) has announced that it plans to carry out a smart card pilot project in St-Jerome in summer 2008.

This project will enable the Bank to test the compatibility of its ABMs and systems with this new technology in a controlled environment while ensuring the reliability of various other elements involved in payment and transaction processes.

"Smart card technology is a powerful tool that will open up a world of opportunities. This project is evidence of the Bank's commitment to developing a new line of innovative, user-friendly and secure products for clients," stated Paolo Pizzuto, Vice-President - Electronic Payment Solutions.

The entire Canadian financial market is migrating toward smart card technology. In line with the rest of the industry, National Bank will gradually start introducing smart cards in 2008 and has already announced its participation in a chip technology trial in Kitchener-Waterloo in spring 2008.

National Bank has always prided itself in offering its clients efficient, secure and leading-edge credit and debit card solutions and has been working to adapt its infrastructure over the past few months in preparation for the new smart cards.

"These various pilot projects will ensure a smooth transition to this advanced technology," adds Paolo Pizzuto.

A smart card is a credit or debit card with a built-in microchip containing encrypted data. In addition to ensuring greater protection and security, this technology will provide a platform for new product and service offerings in the future.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.fivedegrees.nlvisit www.niceactimize.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16099 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8351 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8049 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7338 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6688 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job