Union National Bank (UNB), one of the United Arab Emrite’s banks, partnered with Gemalto to introduce the Optelio payment cards for its EMV migration. The bank is converting its entire portfolio of debit and credit cards to Dynamic Data Authentication smart cards.
UNB has switched to smart card technology and selected the dynamic security feature, which aims to reduce fraud by detecting counterfeit and duplicate cards. The new payment card protects cardholders against unauthorized use of their UNB cards.
To date, Gemalto has supported more than 30 financial institutions in their EMV programs in the Gulf Cooperation Council (GCC) region. Gemalto’s Optelio fits the needs of large and small EMV deployments and is part of a solution and service offering that includes consulting, personalization and delivery to the end user.