Leading smart card manufacturer Gemplus, which, through its joint venture with China-based Goldpac Group has issued more than one billion smart cards in the Asia-Pacific area, recently announced it has shipped EMV credit cards to one of China’s largest banks, marking the first such deployment in the country.
ICBC is the first to deploy EMV credit cards in China
LUXEMBURG – Gemplus International S.A., a world leading provider of smart card solutions, announced that it has delivered EMV credit cards offering high security for transactions for the leading Chinese bank, Industrial and Commercial Bank of China (ICBC). The cards were manufactured locally by Gemplus’s joint venture with Goldpac Group in Zhuhai, which is already EMV certified by MasterCard International, VISA, DINER and China UnionPay.
“As the largest and leading bank in China, it was important for us to open the way for the migration to EMV across the country. We were looking for a reliable partner who could deliver on time and support us in the process. Gemplus gave us the service and technical skills necessary for this first deployment”, said the EMV project leader of ICBC.
The cards are based on Gemplus’s top of the range Java Card, GemXpresso Pro, and are compliant with the latest specifications from MasterCard, MCHIP/4.0. With Dynamic Data Authentication (DDA) on board, the cards provide the most advanced security available for securing payment transactions.
“ICBC is one of Asia’s biggest banks and is taking the lead in deploying EMV in China. Gemplus is delighted to support ICBC in its EMV rollout through our Gemplus-Goldpac Joint Venture which has served ICBC for many years”, explains Suzanne Tong-Li, President, Gemplus China.
Established in 1995 by the association of Goldpac International Holding Ltd and Gemplus, Gemplus-Goldpac has been certified by Visa, MasterCard, American Express, JCB, DINER and CUP (China UnionPay) for card manufacturing and personalization. With over 600 employees, three branch companies and six business offices, it has issued over one billion cards making it one of the biggest card suppliers in the Asia-Pacific region. Its business interests include finance, public transportation, campus, highway, and e-banking. Gemplus Goldpac has a growing business presence in Hong Kong and Macao.
Gemplus International S.A. is the world’s leading player in the smart card industry in both revenue and total shipments (source: Gartner-Dataquest 2005, Frost & Sullivan, Datamonitor). It has sold over 5.5 billion smart cards.
Gemplus delivers a wide range of portable, personalized solutions in areas including Identity, Mobile Telecommunications, Public Telephony, Banking, Retail, Transport, Healthcare, WLAN, Pay-TV, e-government, and access control. Gemplus’ revenue in 2004 was 865 million Euros. For more information, visit www.gemplus.com.