Source: Giesecke & Devrient
Giesecke & Devrient (G&D) announces that shipments of its Convego Air® contactless payment cards in the U.S. have now surpassed the 50 million unit mark.
Since the introduction of its contactless payment cards in 2006 and its subsequent growth, G&D has captured the leadership position in the U.S. among Visa and MasterCard branded contactless payment cards. G&D is broadening its contactless platform with innovative form factors, including mobile payment stickers for mobile phones and contactless payment cards with enhanced metal effect features.
With contactless payment, consumers enjoy added speed and convenience versus cash, while issuers and merchants enjoy faster transaction times, increased spending per transaction, and reduced operational costs.
G&D's contactless payment cards are issued by many of the major U.S. banks and G&D is the first card vendor to surpass the 50 million mark. The cards are certified for MasterCard® PayPass™ and Visa payWave and can be used at all payment terminals supporting contactless payment.
Scott Marquardt, President of G&D America commented, "Contactless payment is a key component of our full service offering and facilitates payment technology in a mobile world. We are proud to support our card issuers by commercializing new payment technologies that further this transition."
G&D's contactless platform is now expanding with new form factors and into new market applications. These include the recent introduction of mobile payment stickers, which empower mobile phones to act as payment devices and serve as the ideal bridge product until embedded payment technology for mobile devices is commercially viable.
Additionally, G&D is introducing contactless payment cards with enhanced metal effect features that overcome the technical challenges of the metalized surface on contactless technology. G&D's new metal effect contactless cards enable full 4th line embossing, a feature unavailable with previous contactless cards.