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Showing 20 results out of 106
News

BofA Merrill launches chip-and-PIN cards for international travellers

Bank of America Merrill Lynch (BofA Merrill) has launched chip-and-PIN corporate cards for its customers who travel internationally. The new card is a direct result of customer demand, BofA Merrill has said in statement. BofA Merrill aims to improve acceptance and security for cardholders with the new EMV card. EMV-technology supported cards named after its original developers Europay, MasterCard and Visa are safer than magnetic stripe cards and feature embedded microprocessor chips that store and protect encrypted account data.

News

US Bank releases single card innovation

US Bank, the countrys sixth-largest bank, has become the first card issuer in the US to pilot a card that allows customers to use a single card for traditional magnetic stripe purchases, Visa payWave transactions and to gain access to secure facilities.

News

Agricultural Bank of China introduces first integrated circuit card

The Agricultural Bank of China has rolled out the countrys first integrated circuit (IC) card, a smart card that enables the holder to pay for purchases as well as enter restricted areas. Agricultural Bank of China's IC card, titled Zhangjiajie Tourism Card, is particularly intended for tourism purposes and integrates magnetic stripe technology as well as chip card.

News

PKO teams up with Gemalto in Poland's biggest contactless launch

PKO Bank Polski (PKO), Polands largest bank by assets, has partnered with digital security vendor, Gemalto for the migration of its portfolio of Visa debit cards from magnetic stripe technology to EMV contactless The deployment process kicked off in September and PKO aims to issue around 6.5m Visa payWave cards by the end of 2011.

News

HDFC begins move to EMV credit cards

HDFC is the latest bank to foray into the EMV compliant sector with the launch of 500,000 credit cards to its premium-segment customers Indias second largest private sector bank will launch 500,000 EMV-compliant cards to its premium segment in the initial phase of the roll-out as the bank migrates from standard magnetic stripe formats to chip-based smart cards

News

JPMorgan Chase first US bank to issue EMV cards

Having returned to profit in the first quarter Chases card unit posted net income of $1.3bn compared with a net loss of $303m in the prior year the US second-largest bank by assets and deposits will roll out the first EMV-technology based chip-and-PIN JPMorgan Palladium credit card in June.