Agreement Underscores SchlumbergerSema Position as a Major EMV Migration Partner for the Global Banking Community
PARIS - SchlumbergerSema, a business unit of Schlumberger Limited (NYSE:SLB), today announced a multi-year agreement with MasterCard International to supply MasterCard's member financial institutions with smart card services to support them in accelerating their EMV smart card migrations. SchlumbergerSema will provide the smart card services to MasterCard members at a competitive rate.
Smart cards have two major advantages over traditional magnetic stripe cards -- greater security against fraud and the capability of supporting a wide range of differentiating services, such as loyalty and e-purse. In order to meet the varying needs of diverse financial institutions and regional conditions, SchlumbergerSema will offer a full range of EMV-compliant cards to MasterCard's members, complete with the M/Chip debit/credit application and additional space available for highly sophisticated value-added applications.
"With our recent launch of the OneSMART MasterCard initiative and more than 100 million MasterCard, Maestro, Mondex, and Clip-branded smart cards around the world, MasterCard demonstrates to the marketplace how and why we are the best partner for smart cards," said Toni Merschen, senior vice president, Chip and Mobile Commerce/Wireless, MasterCard International. "SchlumbergerSema has the track record, the production capability, and the vital global expertise our members need to ensure a smooth transition to chip technology."
Under the agreement, SchlumbergerSema, which has just been named the world's leading provider of microprocessor smart cards by Gartner Dataquest, will produce the cards to a standard finish. Members will have their choice of chip capacity, ranging from 16Kbytes to 64Kbytes, as well as selecting either the MULTOS or the SchlumbergerSema Palmera Protect Java-based platform for their cards. All of the cards will feature M/Chip, MasterCard's EMV debit/credit application.
"Adoption of the EMV standard brings substantial benefits to banks, retailers and consumers worldwide, and MasterCard's initiatives enable the acceleration of those benefits," said Jorgen Rasmussen, president, Cards, SchlumbergerSema. "We are delighted to be working in such a productive partnership."
With more than 20 years experience in the financial sector, SchlumbergerSema offers one of the strongest and most extensive portfolio of EMV solutions for customers in the banking, insurance and investment industries. SchlumbergerSema has sold more than 2.5 billion smart cards to date, has an installed base of 750,000 point-of-sale terminals, and builds on a track record of EMV migration consulting projects worldwide. With its extensive international network of offices and partners, SchlumbergerSema is able to offer its customers a personalized solution, complete with local customer support.
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About SchlumbergerSema
SchlumbergerSema is a leading information technology services company providing consulting, systems integration, managed services and products to the telecommunications, energy and utilities, finance, transport and public sector markets. With more than 30,000 employees serving customers in 65 countries, SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology services company. For more information about SchlumbergerSema, visit www.slb.com
About MasterCard International
MasterCard International is a leader in global e-business. The association is focused on providing its member financial institutions with customized, meaningful global e-business solutions that connect them to customers in both the online and offline worlds. Through its investment in industry innovation, participation in standards development and business alliances, MasterCard is staying in the forefront of technology integration to enable anytime, anywhere payments across multiple channels and various devices. MasterCard's global e-business solutions include Internet interactive services, security, smart cards, mobile commerce/wireless, business-to-business electronic commerce, and numerous emerging technologies.
MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard, Cirrus and Maestro. More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 15,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless advertising campaign is now seen in 81 countries and in 41 languages, giving the MasterCard brand a truly global reach and scope. With more than 24 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. At December 31, 2001 gross dollar volume exceeded US$986 billion. MasterCard can be reached through its World Wide Web site at www.mastercard.com
For further information, contact:
Jose de Vries
SchlumbergerSema Media Relations
Tel: +33 1 46 00 44 67
JVries@slb.com
© Press Release 2006
