Gemalto, a world leader in digital security, announced that it has been commissioned to carry out the migration to microprocessor EMV (Europay, MasterCard, VISA) credit cards for the Royal Bank of Scotland (RBS) across three markets in Asia, namely India, Indonesia and Taiwan.
The first project commenced in October 2008 in Indonesia, with projects in Taiwan and India to follow, and involved the conversion of the bank’s traditional magnetic stripe cards to EMV cards. Gemalto provides RBS with a complete range of products and services including personalization and project management.
The smooth project implementation resulted in a record turnaround time of three months, instead of a typical industry average in Asia of five to six months, translating into tangible operational savings for RBS.
Focus on fraud reduction
Fraud reduction is the major driving force behind Asia’s commitment to EMV migration. Tan Teck Lee, President, Gemalto Asia, said, “We are extremely pleased to be able to work with RBS who have placed their trust in us to manage the migration project across their key markets. Our experience in migration projects all over the world allowed us to leverage our unique EMV expertise and geographical presence to lead this project successfully”.
In February this year, Gemalto entered into a partnership with India-based technology partner mChek, a leading provider of mobile security, banking and payment applications, to bolster the range and choice of secured mobile banking solutions available on Gemalto SIM cards to markets in South Asia.
Since September 2008, Gemalto and mChek have successfully deployed a broad range of mobile banking services with telecom operators in India and Sri Lanka on millions of SIM cards. This includes a mobile top-up service where its customers can recharge anywhere, anytime for themselves or others.