Smart card provider Oberthur Technologies has completed MasterCard certification in its Compliance Assessment and Security Testing program for its flash memory-based payment card, giving financial institutions more flexibility in card issuance.
Flash memory based products reduces time to market by eliminating the “masking” phase, which is usually required to load software onto the payment card’s chip during the manufacturing process. With Flash memory, cards can be securely loaded with customized applications such as debit, credit or other payment applications without having to go through the masking process.
Flash technology is commonly used in SIM cards for mobile phones or for mass storage devices. It provides greater flexibility for managing applications and no power is needed to maintain the stored information.