Industrial and Commercial Bank of China orders Gemplus EMV cards
Gemplus International S.A. (Euronext: LU0121706294 - GEM and NASDAQ:GEMP), a world leading provider of smart card solutions, announces that it has delivered EMV credit cards offering high security for transactions for the leading Chinese bank, Industrial and Commercial Bank of China (ICBC).
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The cards were manufactured locally by Gemplus's Joint Venture with Goldpac Group in Zhuhai, which is already EMV certified by MasterCard International, VISA, DINER and China UnionPay.
"As the largest and leading bank in China, it was important for us to open the way for the migration to EMV across the country. We were looking for a reliable partner who could deliver on time and support us in the process. Gemplus gave us the service and technical skills necessary for this first deployment", said the EMV project leader of ICBC.
The cards are based on Gemplus's top of the range Java Card, GemXpresso Pro, and are compliant with the latest specifications from MasterCard, MCHIP/4.0. With Dynamic Data Authentication (DDA) on board, the cards provide the most advanced security available for securing payment transactions.
"ICBC is one of Asia's biggest banks and is taking the lead in deploying EMV in China. Gemplus is delighted to support ICBC in its EMV rollout through our Gemplus-Goldpac Joint Venture which has served ICBC for many years", explains Suzanne Tong-Li, President, Gemplus China.