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SAGEM SELECTED TO DEVELOP NEW GENERATION OF BANK CARDS
14 January 2003 - Sagem Communication
| Following an international Call for Tender launched by Groupement des Cartes Bancaires CB, Sagem has been selected to develop a new generation of bank cards CB/EMV/DDA, which will provide both superior performance and be better adapted to customers' needs (both cardholders and merchants). |
Following an international Call for Tender launched by Groupement des Cartes Bancaires CB, Sagem has been selected to develop a new generation of bank cards CB/EMV/DDA, which will provide both superior performance and be better adapted to customers' needs (both cardholders and merchants). The new bankcard will contain an application defined by Groupement des Cartes Bancaires CB in compliance with the EMV international specifications. Its high processing and memory capacity will also allow for other applications such as loyalty, electronic signature and electronic purse to be implemented on the same card. Furthermore, the new chip will contain a cryptoprocessor, which uses Dynamic Data Authentication to make every transaction unique, thus significantly increasing the security of the card payment system. Currently there are in excess of 45 million CB cards in circulation, and the CB banking community plans to issue the new CB/EMV/DDA card as of 2004. In selecting Sagem, Yves Randoux, CEO of Groupement des Cartes Bancaires CB, considers 'that the development of this new generation of cards will not only to be one of the best product offerings available on the market, but one which will also permit CB member banks to meet the future challenges of the continually evolving European payment markets'. 'Sagem will make available the wealth of experience and know-how of its Security Division in terms of ROM mask production, cryptography and electronic payment applications' stresses Jean-Paul Jainsky, Managing Director of Sagem's Security Division. 'With this project, Sagem has confirmed its determination to consolidate its position in the Banking and Finance Sector through chip card technology, as well as with a wide range of services and payment terminals'.
http://www.sagem.com
About: Sagem Communication
Sagem Communication is organized in two Business Groups: Mobile Communication and Broadband Communication.Mobile Communication Sagem brand mobile phones enjoys a strong presence in world markets – Europe, Middle East, Africa, Asia and Latin America – thanks to continuous technological innovations, including build-in cameras, colour screens, multimedia messaging, WAP, GPRS, modules and modems, etc. The Mobile Communication Business Group operates a Research & Development center in Cergy, northwest of Paris, and a production plant at Fougères, in the Brittany region of France. Industrial and commercial partnerships with other telecom players have opened access to new international markets, including China and Brazil. China: a joint venture with Bird, the leading domestic manufacturer of mobile phones, called "Ningbo Bird Sagem Electronics Corporation Ltd". Brazil: a joint subsidiary with Gradiente, to handle the production and marketing of Sagem mobile phones. Broadband Communication The Broadband Communication Business Group designs, develops and produces a complete line of products for the high-growth broadband, video and printing markets. A proven capability for innovation led to technological breakthroughs that give Sagem products high-profile positions in these highly competitive markets: the first DLP flat-screen TVs in Europe, the first embedded image correction in terminals, DECT wireless phones with mobile phone functions (SMS, hi-fi ring tones, directory, etc.), TVs and set-top boxes with build-in card readers, etc. The Broadband Communication Business Group also deploys a Europe-wide network of subsidiaries, called National Sales Organization (NSO), that distributes Sagem brand products to all major European retailers. Sagem has signed a number of agreements with OEMs, meaning that Sagem products are used by the world’s leading brands and most European operators. |
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