From the Wires
Gemalto and Standard Chartered Bank Announce First Large Scale Rollout of Display Payment Cards
Nov. 14, 2012 07:00 PM
Regulatory News:
Standard Chartered Bank, Ezio Display Card (Photo: Business Wire)
Gemalto (Euronext NL0000400653 GTO), the world leader in digital
security, and Standard Chartered Bank, a leading financial institution,
announce the first large scale rollout of a display card solution in
Singapore. Jointly developed with Nagra ID Security, Gemalto’s Ezio
onCard PAD & PAY is an innovative two-in-one device
with a small LCD display combining EMV payment, One-time Password (OTP)
and transaction signing for e-banking. As part of an end-to-end
offering, Gemalto is also providing the authentication server, card
personalization, fulfillment and project implementation for Standard
Chartered Bank. Card personalization in particular is performed in
Gemalto’s own certified banking facilities, providing the same high
level of security as handling EMV payment cards.
Ezio onCard PAD & PAY combines Gemalto’s expertise in both
payment cards and tokens, cumulating in the creation of an innovative
converged product that brings a richer experience to Standard Chartered
Bank’s customers. Available in three configurations – standalone token
card, token card with ATM cash withdrawal, or token card with ATM cash
withdrawal and credit card – users can select their preferred option.
This promotes card usage and top-of-wallet consideration.
Standard Chartered is a leading international banking group with a
strong presence in Asia, Africa and the Middle East. Available to all
its customers, the card is launched in Singapore and is in line with the
Monetary Authority of Singapore’s requirements for customers who make
use of online banking to utilize new security tokens that are enhanced
with Transaction Signing ability from January 2013. In the near future,
Standard Chartered is also looking to include contactless
functionalities in the token cards.
“At Standard Chartered, our number one priority is to safeguard our
customers’ interests. The introduction of Gemalto’s Ezio onCard PAD &
PAY is a tangible example of how the bank converts technological
possibility into market-leading capability,” said Trevor Haeger,
Chief Information Officer, Standard Chartered Bank. “We are
relentlessly improving our security to be ahead of the game and ensure
that our customers continue to enjoy banking safely though our
outstanding internet and mobile channels.”
“Ezio onCard PAD & PAY end-to-end solution captures the key elements
for compelling user adoption - increased trust, portability and ease of
use,” commented Tan Teck Lee, Chief Innovation & Technology Officer
and President of Gemalto Asia. “Gemalto is in a unique position,
thanks to its expertise and experience, to provide an end-to-end offer
that includes consultancy, manufacturing, personalization, fulfillment
and servers, to specifically meet Standard Chartered Bank’s requirements
and ensure a smooth product launch.”
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital
security with 2011 annual revenues of €2 billion and more than
10,000 employees operating out of 74 offices and 14 Research &
Development centers, located in 43 countries.
We are at the heart of the rapidly evolving digital society. Billions of
people worldwide increasingly want the freedom to communicate, travel,
shop, bank, entertain and work – anytime, everywhere – in ways that are
enjoyable and safe. Gemalto delivers on their expanding needs for
personal mobile services, payment security, authenticated cloud access,
identity and privacy protection, eHealthcare and eGovernment efficiency,
convenient ticketing and dependable machine-to-machine (M2M)
applications.
Gemalto develops secure embedded software and secure products which we
design and personalize. Our platforms and services manage these secure
products, the confidential data they contain and the trusted end-user
services they enable. Our innovations offer more ways for our clients to
enhance the convenience and security of people’s digital lives.
Gemalto thrives with the growing number of people using its solutions to
interact with the digital and wireless world.
For more information visit www.gemalto.com,
www.justaskgemalto.com,
blog.gemalto.com,
or follow @gemalto
on Twitter.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121114006937/en/
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