20 April 2018
visit www.nextgenbanking.co.uk

Axalto to provide 5m contactless cards to US market

07 November 2005  |  957 views  |  0 Source: Axalto

Axalto (EURONEXT:AXL) (EURONEXT:NL0000400653), the world's leading provider of microprocessor cards, "will provide approximately five million of its contactless smart payment cards to top banks in the United States by the end of this year" said Paul Beverly, president Americas for Axalto.

The issued MasterCard PayPass cards will include both credit and debit cards to enable "wave and go" payments.

"U.S. financial institutions are leading the move to contactless payment cards," Beverly added. "Axalto is committed to helping these institutions put a contactless card in the hand of each consumer to bring payments into a future that is faster and more convenient."

Axalto's smart payment cards, manufactured in Maryland in the United States and in Orleans in France, contain best in class contactless technology to ensure privacy and security for cardholders. The cards provide superior read range and are specially designed for durability. Axalto's product also has an optional embossing capability that allows issuers to use all four available lines for embossing on the front of the card. Issuers use this fourth line to add a company name and for other marketing purposes.

According to market estimates by Frost & Sullivan, Axalto holds a leading position in banking smart cards in the world, with total shipments exceeding 70 million smart banking cards in 2004.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://wup.digitalhttps://www.capgemini.comVisit https://aciworldwide.webex.com

Top topics

Most viewed Most shared
Competing in an increasingly competitive spaceCompeting in an increasingly competitive s...
10828 views comments | 1 tweets | 2 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9360 views comments | 14 tweets | 19 linkedin
Westpac and CommBank hit back at Aus Open Banking plansWestpac and CommBank hit back at Aus Open...
8547 views comments | 9 tweets | 8 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8130 views comments | 16 tweets | 22 linkedin

Featured job

Find your next job