Awarded Asia Pacific's First MasterCard Level 1 and 2 Certification for Terminal Integration Process
KUALA LUMPUR, Malaysia - Axalto, the smart card and terminals division of Schlumberger Limited, today announced the successful achievement of MasterCard Level 1 and 2 Letter of Approval for Terminal Integration Process (TIP), making it the first vendor in Asia Pacific to accomplish the stringent requirements set by MasterCard International. The certification is marked by the successful completion of an integrated EMV (Europay-Mastercard-Visa) system for Malaysia?s Public Bank in Malaysia, implemented by our distributor Paysys (M) Sdn Bhd.
This certification means that Axalto has achieved the security, authentication and open standards required to successfully integrate different EMV platforms onto the MagIC terminal. It enables its client bank, Public Bank of Malaysia, to provide a more secured integrated platform for card payment and processing. Public Bank can issue new cards, replace old cards and enable merchants to manage the EMV platform through a single terminal and a single point of view, regardless of card types.
"We congratulate Axalto and Public Bank for achieving MasterCard's Terminal Integration Process certification. Malaysia's migration to chip continues at a rapid pace as local financial institutions recognize that issuing EMV smart cards not only helps to reduce fraud, it also opens up multiple opportunities to offer differentiated programs to cardholders. As a smart card leader with 12 million smart cards issued in Asia/Pacific, MasterCard will continue to work with our members and vendors in accelerating the move to EMV chip platform," said Shuan Ghaidan, vice president, Advanced Payment Systems, Asia/Pacific, MasterCard International.
The migration towards a common security, authentication and payment related utilities for EMV platforms, has been keenly pursued by major banks worldwide as a means to reduce implementation cost, improve security, and enhance scalability and efficiency amongst issuing banks and their card users.
"We are equally excited and honored to be the first bank in Asia Pacific to achieve the Terminal Integration Process certification. It demonstrates our commitment and technological capabilities to be at the forefront of changes that will ultimately benefit our card users", says Ms Chong You Lin, Director of PB Card Services, Public Bank.
"Axalto has once again demonstrated our ability, commitment and competence in pushing the envelope of technology and setting the pace for moving towards a common EMV platform. This achievement is an important turning point for EMV enablement amongst banks in Asia Pacific. This certification will speed up our client banks' EMV migration initiatives, a move that will provide more secured transactions, achieve lower cost of migration and facilitate greater user convenience," says Chan See Weng, Vice President Terminals Asia, Axalto.
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About MasterCard
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCard, Maestro and Cirrus and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless advertising campaign is now seen in 96 countries and in 45 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com.
About Paysys
Paysys (M) Sdn Bhd is primarily involved in the Card Payment Industry with the supply and maintenance of the Schlumberger MagIC Electronic Draft Capture (EDC) terminals to the Financial Institutions. Paysys (M) Sdn Bhd has an extensive network of support centers throughout Malaysia to ensure a high level of service is provided. With its experienced software team, Paysys has been able to develop numerous customized solutions for the Financial Institutions.
About Axalto
Axalto, formerly known as Schlumberger Smart Cards & Terminals, is the world's leading provider of microprocessor cards (Gartner 2003, Frost & Sullivan 2003) the key to digital networks and a major supplier of point-of-sale terminals. Its 4500 employees serve customers in more than 100 countries, with worldwide sales exceeding 2.8 billion smart cards to date. The company has more than 20 years' experience in smart card innovation and leads its industry in security technology and open systems.
Axalto continuously creates new generations of products for use in a variety of applications in the telecommunications, finance, retail, transport, entertainment, healthcare, personal identification, information technology and public sector markets. Smart card solutions provide convenience, security and privacy to public and private services operators, their customers and end users. For more information, visit us at www.axalto.com
For further information, contact:
Yvonne Low
Marcom Manager
Marketing Communications Asia Pacific
Tel: (65) 6746 6344
Fax: (65) 6742 6484
yvonnel@singapore.sema.slb.com
© Press Release 2006
