Keycorp Limited, a global supplier
of secure electronic transactions, announced the sale of its 35
millionth EMV smartcard chip. EMV is a set of standards developed by
Europay, MasterCard and Visa defining interoperability between
smartcards and smartcard readers.
Additionally, Keycorp has renewed its global Alliance Agreement with
MasterCard Worldwide to guarantee attractive module and card prices to
all MasterCard customers. This agreement will run until October 2009.
Toni Merschen, Group Head, Chip, MasterCard Worldwide, said, “Keycorp’s
achievement of this milestone highlights its commitment to providing
first class chip products to MasterCard issuers. The renewal of our
Alliance Agreement further demonstrates MasterCard’s satisfaction with
Keycorp serving our joint customers with leading-edge EMV solutions.”
Richard Cusson, General Manager, Smartcard Technologies, Keycorp said,
“Keycorp continues to lead the way in smartcard sales by enabling secure
multi-application EMV solutions. This achievement highlights Keycorp’s
commitment to driving the technology into new markets, and investing in
innovative new applications which deliver increased value to our
customers. We expect sales of our EMV chips to pass the 50 million mark
in 2007. ”
Keycorp provides EMV solutions for a range of customers in over 30
countries around the world. These include Citibank in the UK, CrÃÂédit
Mutuel in France, Kookmin Bank in Korea, Banrisul in Brasil, Kreditkort
in Iceland, Banka Koper in Slovenia, Banamex in Mexico, Cosmos Bank and
the award-winning Kaohsiung City Government contactless EMV transit card
in Taiwan.
About Keycorp
Keycorp Limited (ASX: KYC) is a global provider of secure electronic
transactions with solutions from smartcards and point-of-service
transaction systems to managed services. Keycorp’s electronic payment
terminals include smartcard-capable online and offline terminals capable
of processing credit, charge, debit and stored value transactions. The
terminals are designed for use at a retail point of sale, over the
phone, in mobile environments or via the Internet, and can communicate
with host systems via fixed or mobile communications.
Keycorp is a founding member of the MULTOS consortium, which has
responsibility for developing the MULTOS multi-application smartcard
operating system. Keycorp develops and distributes smartcard operating
systems such as MULTOS, as well as smartcard applications.
About Keycorp Canada
Keycorp Canada, headquartered in Toronto, Ontario, is a leading Canadian
provider of electronic transaction solutions and one of the
fastest-growing distributors of POS hardware and software in North
America. A wholly-owned subsidiary of Sydney, Australia-based Keycorp
Limited, Keycorp Canada delivers innovative, reliable end-to-end systems
to customers from coast to coast – including major retailers, oil and
gas companies, payment processors, ISOs, distributors and resellers in
Canada and the U.S. The company has an in-house expert development team,
and complete local customer support and maintenance program.
