Tag Archive for 'Chip cards'
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Vietnamese payment card market is relatively small but one of the fastest moving markets in the world. It has grown nearly three-fold over the last two years ending August 2009. Debit cards dominate the market whereas credit cards are relatively new in the market and account just for 2% of the total market for payment cards in the country.Therefore, the market for credit cards remains largely untapped and full of opportunities.
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SIMTEL has hinted it is in the final stages of a project to produce Visa chip cards in Rwanda.
East African Business Week quoted SIMTEL chief executive officer, Sigrid Bruch, saying the company is currently "in talks with banks".
According to the newspaper, SIMTEL is a consortium owned by both the private sector and government. The company is operating Rwanda's national payment system which helps inter-bank automatic teller machine (ATM) services connectivity. |
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My post on 'should we have chip only payment cards?' gave rise to some discussion and debate, and many thanks to all those concerned for their views and comments. The related website poll conducted by the European ATM Security Team (EAST) indicated that 60% of respondents felt that European EMV cards should not hold sensitive cardholder data as standard in a magnetic stripe, although feedback was received highlighting issues with removing the stripe. |
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The production of visa chip cards in Rwanda has gained momentum with SIMTEL hinting they are in the final stages of the project. |
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The mobile payment industry has stagnated at the trial phase for the past years. This slow uptake has been attributed to a number of reasons, from the underdevelopment of the mobile payment ecosystem to the lack of NFC-enabled handsets for users. The absence of handset options, in particular, has been blamed for the underwhelming user reception to mobile payments. |
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On Track Innovations Ltd., a global leader in contactless microprocessor-based smart card solutions for homeland security & eID systems, payments, petroleum payments and other applications, announced today that it received follow-on orders to support the new revolutionary UniPass program initiated by Israel Airports Authority (IAA). The UniPass program is intended to expedite the security checks [...] |
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According to current information, all cards with chip modules from Giesecke & Devrient are working properly. No card with a G&D chip module has caused any difficulties at ATMs or points of sale. The media coverage of problems at the turn of the year 2009/2010 due to flawed chip software does not apply to any [...] |
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If you are still using a credit card without an electronic chip, you ought to upgrade it before Jan. 1 if you want to buy anything in the New Year’s sales. |
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As the year draws to a close, we are often asked for predictions for the year ahead, and indeed for the next few years beyond that. Along with a number of other emerging technologies, we at Consult Hyperion have spent a lot of time considering the technology developments that will allow chip cards to realize their full potential in the next few years. |
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EMV/chip technology will be the topic of a January 2010 webinar from the Smart Card Alliance, featuring speakers from Aite Group, Bank of Nova Scotia, KeyPoint Consulting and Visa on the reasons behind the global migration to this technology, and the possibilities for U.S. adoption. |
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