Thailand’s Siam City Bank is deploying EMV cards from G&D using the company’s Universal Production Platform (UPP), an EMV personalization solution that supports multiple chip platforms.
Giesecke & Devrient and Chan Wanich Security Printing supply MasterCard and Visa EMV cards personalized with G&D’s Universal Production Platform (UPP)
Bangkok, Munich, November 29, 2006 – For the migration of its banking cards to the EMV standard, Siam City Bank (SCIB), one of Thailand’s largest financial institutions, selected a solution provided by local card company Chan Wanich Security Printing (CSP) in cooperation with international smart card technology company, Giesecke & Devrient (G&D). After working on a tight schedule, the first Visa and MasterCard EMV cards were issued to the bank’s customers in early November. Key to the timely launch was the use of G&D’s Universal Production Platform (UPP), a flexible EMV personalization solution supporting a wide selection of chip platforms and speedy customization to CSP’s specific production environment.
“We made the decision exclusively for the complete package from G&D and CSP because we were very positive about the expertise of both smart card companies. G&D has already successfully carried out several timely EMV migration projects in Thailand and throughout Southeast Asia and CSP has excellent local card production capabilities. Now, after the successful completion of the launch phase, we are pleased that our decision has been fully validated,” said Virach Paisitsavet, Senior Vice President of Cards Operations Department of Siam City Bank.
Personalization with UPP
G&D’s chip modules, based on G&D’s card operating systems StarDC Master and StarDC Visa, are personalized at Chan Wanich on their machines, which run G&D’s UPP software. UPP is designed for different EMV chip platforms to be used on different personalization equipment. That significantly reduces the need to adapt chip applications for different machines. UPP not only manages chip applications from the banking segment, but also others such as GSM or ID card applications if required. UPP is interfaced with key management and data generation systems, and with the different production and inspection machines.
“We were very well primed for the Siam City Bank order with the introduction of G&D’s UPP solution, and the high level of openness of the software towards different machine types gives us the largest leeway possible for future EMV projects,” commented Thanapol Kongboonma, Executive Vice President of Chan Wanich.
“We are pleased to have won and being realizing this project with our partner CSP. The close teamwork between the two companies enabled on-time delivery for SCIB’s EMV launch, and we look forward to further joint projects in the future,” confirmed Donald MacDonald, Managing Director of G&D Asia.
About Giesecke & Devrient
Giesecke & Devrient (G&D) is a technology leader in the field of smart cards, providing smart card based solutions for telecommunications, electronic payment, health care, ID, transportation, and IT security (PKI). G&D is also a leading producer of banknotes and security documents and is dominant in the field of currency automation. Based in Munich, Germany, the G&D group has subsidiaries and joint ventures around the world. In fiscal 2005, the Group employed some 7,500 people and generated revenue of €1.24 billion. For more information, visit our Web site at www.gi-de.com http://www.gi-de.com .
About Chan Wanich Security Printing Company
Chan Wanich Security Printing Co., Ltd. (CSP) was established in 1921 as the first security printer in Thailand. With 85 years of solid experience and vision from our management, we are now aiming at expanding our capacity and technology to be one of the top security solution providers in the world. CSP is capable of manufacturing various kinds of cards such as contact smart cards, contactless smart cards, dual interface cards, fragrance cards, magnetic stripe cards, and scratch-off cards. CSP offers both value and vision to our customers and is entrusted with the production of many high-security products, including Visa and MasterCard cards, revenue excise stamps, postal stamps, and passports.
About Siam City Bank
Siam City Bank, PCL (SCIB) was established in 1941 by government officials and members of royal family with initial registered capital of 1 million baht ($27,512). In August 1994, SCIB was listed in the Stock Exchange of Thailand, with its shares being traded for the first time. In April 2002, SCIB became the 5th largest bank (asset size) in the nation after the merger with Bangkok Metropolitan Bank. As at the end of September 2006, SCIB has registered capital of 21,128 million baht ($580.6 million), 443,898 million baht ($12,198.3 million) in assets, 6,807 employees, and 397 branches nationwide.