Gemplus International S.A. (Euronext: LU0121706294 - GEM and NASDAQ: GEMP), the world's leading provider of smart card solutions, today announced that one of the top ten leading banks in North America has selected Gemplus' GemInstant cards for its contactless payment program.
GemInstant cards leverage contactless technology to simplify payment for small value transactions in venues where speed is essential. The cards are MasterCard PayPass compliant and contain a built-in chip and antenna that uses short range radio waves to allow cardholders to simply tap their card on a specially-equipped terminal to securely transmit account details.
Ernie Berger, President of Gemplus North America, stated "We are proud to deliver GemInstant cards to support the contactless payment strategies of our customers. And we are delighted that the GemInstant contactless cards will be produced at Gemplus' recently enhanced card manufacturing facility in Pennsylvania. We look forward to supporting a market which is poised for significant growth."