Dave Savastano10.20.14
During 2013, more than 2.4 billion financial transactions, worth more than $135 billion AUD, were processed via the eftpos payments network. Giesecke & Devrient (G&D) announced that its comprehensive portfolio of eftpos dual interface products, to support the eftpos scheme transition from mag stripe to chip, has recently received full certification from eftpos, Visa and Mastercard. This enables G&D to expand its Australian product line with a new family of dual interface chipcards – cards with eftpos only, eftpos and Visa as well as eftpos and Mastercard – which will simplify and secure electronic payments for consumers in Australia.
To support Australian banks in meeting the requirements for the eftpos migration to EMV and contactless payment, G&D Australasia can offer a suite of eftpos chip-enabled products based on its proven, highly secure Java card and antenna technology. The fully scheme certified eftpos dual interface products developed by G&D – eftpos only, eftpos and Visa, eftpos and Mastercard – are based on the latest specifications and offers the market a minimum three-year lifetime, providing issuers planning certainty. G&D also announced, this commitment extends to the willingness to provide this technology to other card manufacturers.
“Scheme accreditation for our suite of eftpos chip enabled cards is an important step for G&D,” said Uli Klink, managing director G&D Australasia. “We are fully committed to the eftpos migration program and our new products will enable our customers, eftpos and the market to meet the necessary requirements for this significant transformation.”
To support Australian banks in meeting the requirements for the eftpos migration to EMV and contactless payment, G&D Australasia can offer a suite of eftpos chip-enabled products based on its proven, highly secure Java card and antenna technology. The fully scheme certified eftpos dual interface products developed by G&D – eftpos only, eftpos and Visa, eftpos and Mastercard – are based on the latest specifications and offers the market a minimum three-year lifetime, providing issuers planning certainty. G&D also announced, this commitment extends to the willingness to provide this technology to other card manufacturers.
“Scheme accreditation for our suite of eftpos chip enabled cards is an important step for G&D,” said Uli Klink, managing director G&D Australasia. “We are fully committed to the eftpos migration program and our new products will enable our customers, eftpos and the market to meet the necessary requirements for this significant transformation.”