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Gemplus-Goldpac First to Deliver EMV Cards to ICBC, China's Leading Bank
Luxembourg (ots/PRNewswire) -
- ICBC is the First to Deploy EMV Credit Cards in China
Gemplus International S.A. (Euronext: LU0121706294 - GEM and NASDAQ:GEMP), a world leading provider of smart card solutions, announces that it has delivered EMV credit cards offering high security for transactions for the leading Chinese bank, Industrial and Commercial Bank of China (ICBC). The cards were manufactured locally by Gemplus's Joint Venture with Goldpac Group in Zhuhai, which is already EMV certified by MasterCard International, VISA, DINER and China UnionPay.
"As the largest and leading bank in China, it was important for us to open the way for the migration to EMV across the country. We were looking for a reliable partner who could deliver on time and support us in the process. Gemplus gave us the service and technical skills necessary for this first deployment", said the EMV project leader of ICBC.
The cards are based on Gemplus's top of the range Java Card, GemXpresso Pro, and are compliant with the latest specifications from MasterCard, MCHIP/4.0. With Dynamic Data Authentication (DDA) on board, the cards provide the most advanced security available for securing payment transactions.
"ICBC is one of Asia's biggest banks and is taking the lead in deploying EMV in China. Gemplus is delighted to support ICBC in its EMV rollout through our Gemplus-Goldpac Joint Venture which has served ICBC for many years", explains Suzanne Tong-Li, President, Gemplus China.
Established in 1995 by the association of Goldpac International Holding Ltd and Gemplus, Gemplus-Goldpac has been certified by Visa, MasterCard, American Express, JCB, DINER and CUP (China UnionPay) for card manufacturing and personalization.
With over 600 employees, three branch companies and six business offices, it has issued over one billion cards making it one of the biggest card suppliers in the Asia-Pacific region. Its business interests include finance, public transportation, campus, highway, and e-banking. Gemplus Goldpac has a growing business presence in Hong Kong and Macao.
Gemplus International S.A. (Euronext: LU0121706294 - GEM and NASDAQ: GEMP) is the world's leading player in the smart card industry in both revenue and total shipments (source: Gartner-Dataquest 2005, Frost & Sullivan, Datamonitor). It has sold over 5.5 billion smart cards.
Gemplus delivers a wide range of portable, personalized solutions in areas including Identity, Mobile Telecommunications, Public Telephony, Banking, Retail, Transport, Healthcare, WLAN, Pay-TV, e-government, and access control.
Gemplus' revenue in 2004 was 865 million Euros.
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Some of the statements contained in this release constitute forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed or implied by such forward-looking statements. Actual events or results may differ materially. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this release include, but are not limited to: trends in wireless communication and mobile commerce markets; our ability to develop new technology, and the effects of competing technologies developed and expected intense competition generally in our main markets; profitability of our expansion strategy; challenges to or loss of our intellectual property rights; our ability to establish and maintain strategic relationships in our major businesses; our ability to develop and take advantage of new software and services; and the effect of future acquisitions and investments on our share price. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements. The forward-looking statements contained in this release speak only as of this release. We are under no duty to update any of the forward-looking statements after this date to conform such statements to actual results or to reflect the occurrence of anticipated results.
ots Originaltext: Gemplus
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