Contactless Smart Cards, RFID, Payment, Transit and Security

Oberthur's Martin Ferenczi discusses leadership role in payment and ID sectors

Monday, July 14, 2008

The company’s U.S. CEO talks with AVISIAN’s Chris Corum about the keys to convergence in the new world of identity and credentials

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On Oct. 26 Oberthur Technologies will host a webinar geared toward U.S. banking executives entitled “Next Gen Secure Payment Solutions.”

The one-hour webinar will take place at 1 p.m. EST/10 a.m. PST and will cover three issues in the banking payments industry surrounding migration from mag-stripe cards to EMV; the value of NFC and how to model it; and benefits and strategies of online authentication.

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To commemorate the smart card industry’s achievements throughout 2011, the Smart Card Alliance has decided to release its first-ever E-Yearbook.

The nearly 70-page e-book discusses the year’s leadership and advancement in the smart card industry and highlights industry achievements.

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Global private equity firm Advent International completed the acquisition of the Card Systems and Identity divisions of Oberthur Technologies, after workers’ council consultation and market authorities’ approval of the transaction.

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Banca Monte Paschi Belgio, the Belgian branch of this banking group, has opted to implement Oberthur Technologies’ end-to-end smart authentication product.

Certified by MasterCard, the solution includes smart display cards, an authentication server and an access control server that will secure e-commerce services and provide a unique and innovative payment solution to Banca Monte Paschi Belgio customers.

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More than three-quarters POS terminals enabled

Adoption of EMV as the universal payment standard gained further traction in 2011, with official figures revealing that more than 42% of all payment cards and nearly 76% of all terminals in circulation globally are based on EMV technology. These numbers, however, do not reflect the U.S.

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Oberthur Technologies and AuthenTec, a provider of mobile and network security solutions, have teamed up to create SIM-based designs that will make NFC mobile payments via smart phones faster and more secure.

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