ContactlessNews | U.S. Bank to launch America's first dual interface EMV credit card

Friday, June 10, 2011

U.S. Bank, together with Visa and Oberthur Technologies, has announced the release of a new dual interface payment card combining Visa PayWave contactless technology, EMV chip and magnetic stripe.

Designed to be compatible with all credit cards systems around the world, the U.S. Bank FlexPerks Travel Rewards Visa credit card will be the first dual interface EMV card introduced in America, says U.S. bank.

As the global standard for credit and debit payment cards based on chip card technology, EMV is currently used by over one billion customers outside of the U.S., according to U.S. Bank.

Manufactured and personalized by Oberthur, the new cards will be introduced to more than 20,000 U.S. Bank FlexPerks Visa cardholders this month, with plans to expand the offering to other travel reward cardholders in the coming year.

HSBC starts roll out of contactless bank cards

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

Infineon lends a hand in Europe contactless bank card project

The German Banking Industry Committee has partnered with Infineon Technologies to launch one of Europe’s biggest contactless payment trials in the metropolitan area of Hanover, Braunschweig and Wolfsburg.

Saudi bank deploys Gemalto banking cards

Al Bilad Bank, a Shariah-based financial organization in Saudi Arabia, has deployed Gemalto’s Dexxis Instant Issuance solution for EMV payment cards in more than 120 bank branches. With this system, Al Bilad can issue up to 2,000 EMV DDA high-end security smart cards a day.

CIBC, Rogers to launch Canada's first mobile wallet

The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones.

Comments