Oberthur Technologies, a world leader in the field of secure technologies, has announced today the availability of its first MasterCard® M/Chip™ Advance product.
Following Oberthur Technologies announcement of the development of MasterCard® M/Chip™ Advance in December 2010, the Cosmo Fly v4 M/Chip™ Advance has been fully certified and is now commercially available for Issuers. The Oberthur Technologies M/Chip™ Advance card provides issuers with a flexible solution for contact and contactless payments.
In addition to numerous payment-related enhancements, M/Chip™ Advance also offers Integrated Data Storage capabilities to address the increasing demand for 'one card' payment solutions for sectors such as mass transit, loyalty, as well as campus and government entitlement programs.
"Cosmo Fly v4 M/Chip™ Advance is a major achievement for Oberthur Technologies in its commitment to offer its customers the latest innovations in the industry", said Cédric Collomb, Cards & Services General Manager, Card Systems Division at Oberthur Technologies. "Cosmo Fly v4 M/Chip™ Advance will allow issuers to deploy value-added solutions, such as ticketing for transport in open payment fare systems".
Ed McLaughlin, Chief Emerging Payments Officer at MasterCard Worldwide commented:
"Oberthur Technologies has shown continuous commitment to deliver innovative payment products to our joint Issuing customers. We are delighted that Oberthur Technologies is now ready to deliver M/Chip™ Advance to MasterCard® Issuers. M/Chip™ Advance paves the way for future innovation, building on the fast-growing EMV infrastructure worldwide"