Gemplus will supply more than one million smart payment cards to Setefi, part of Italy’s Intesa Group. With the EMV migration in its pilot stages in southern Europe, Setefi is the first bank to deliver mass volumes of cards to the market. By the end of June 2005, Gemplus delivered 500,000 cards to Setefi, Intesa Group’s service centre. The cards are intended for credit and debit payment applications, as well as for Intesa Group’s specific payment application, Moneta. Meanwhile Gemplus has also been selected to supply EMV cards to Mexican bank Banco Azteca. The cards will store customers’ photographs and biometric data, such as fingerprints, for identification purposes in the branches. Banco Azteca’s Visa cards are the first of the group’s cards to migrate to EMV in order to meet the impending January 2006 liability shift date set by the payment associations. Under the terms of the Mexican contract, Gemplus will be the primary supplier and provide smart payment microprocessor cards, with the biometric technology being supplied by a Banco Azteca partner. Card personalization will be performed at Gemplus’ Cuernavaca facilities in Mexico.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.