Government ID, Smart Cards, Identification and Authentication

As Canada’s payment cards go to EMV, will fraud migration push U.S. banks to join the smart card world?

Thursday, March 15, 2007


With Canada and Mexico rapidly moving towards EMV deployment, witness the world’s largest player in the credit card market, the United States, left out in the cold. Some say it’s not a matter of if, but when, the U.S. will implement EMV. One reason: once its northern and southern neighbors are EMV-complaint, crooks may find much easier pickings in the U.S.

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Global Industry Analysts Inc. released a report forecasting the outlook on the global smart card market to reach 10.9 billion units by 2015.

GIA credits the growth driven largely by major initiatives in the financial, government and security sectors, with the telecom sector at the way ahead of the pack as the largest end-user. Increasing usage of contactless technology, newer applications and mandatory EMV migration across countries are also major drivers boosting the global market for smart cards.

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Digital security provider Gemalto has launched Dexxis EMV instant issuance card product, designed to streamline and speed up banks’ migration to EMV by bringing card issuance processes in-house.

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In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore.

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Turkcell, Turkey’s largest mobile operator, has announced the launch of a SIM-based NFC road toll payment application on the Turkcell T11 smart phone.

Developed in collaboration with Bank Asya, the app allows users to migrate their plastic KGS toll payment cards onto their T11 smart phone to pay for fares when crossing bridges and freeway turnpikes.

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Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

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Isis, the mobile commerce joint venture between AT&T, T-Mobile and Verizon, is preparing to launch a massive NFC payments pilot in Salt Lake City this summer, reports the Salt Lake Tribune.

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