Axalto Provides Contactless Payment Cards for KeyBank Debit Card Rollout in the United States.AMSTERDAM, Netherlands -- Building on the rapidly growing popularity of 'contactless' payment cards, Axalto, the world's leading provider of microprocessor cards, is supplying more than two million MasterCard(R) PayPass(TM) cards to KeyBank for the first contactless debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. rollout in the U.S. Axalto contactless payment Contactless payment systems are credit cards, key fobs, or other devices which use RFID for making secure payments. The built in chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. enable cardholders to simply tap their card on the reader or within one inch of a point-of-sale terminal at checkout, instead of swiping their card or handing it to a store employee. The terminal quickly emits a signal acknowledging payment confirmation. The payment transaction is then processed. The KeyBank MasterCard PayPass card - available beginning September 1 - also includes a magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. , allowing consumers to use it at any location that accepts MasterCard debit cards. "We chose contactless technology because it saves cardholders time and enhances their payment experience," said Carl Stauffeneger, Senior Vice President, product management, Key Consumer Product Development. "Axalto was the best choice for these contactless cards because of its experience and reputation in the card industry." Axalto's smart payment cards contain best in class contactless technology to ensure privacy and security for cardholders and are specially designed for durability and long life. Axalto's product also has an optional embossing embossing, process of producing upon various materials designs or patterns in relief by mechanical means. The material is pressed between a pair of dies especially adapted to its hardness and the depth of the design needed. capability that allows issuers to use all four available lines for embossing on the front of the card. Issuers use this fourth line to add a company name or for other marketing purposes. "Axalto is passionate about helping Key better serve its customers' financial needs, resulting in a faster and more convenient shopping experience and increased loyalty from its cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold base," said Paul Beverly, President, Americas, Axalto. "We are proud that our extensive experience allowed us to quickly accommodate Key's need to use all four available lines for embossing on the front of the card." This new solution targets traditional cash-only environments where speed is essential, such as quick service restaurants, gas stations, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. and movie theaters. A growing number of merchants accepting contactless cards include McDonald's restaurants There are more than 30,000 McDonald's restaurants in 119 countries. Restaurants The first McDonald's was not a restaurant at all, but it was a sit-in stand. The company's early franchises were built to a standard pattern that did not offer seating; this was in part to prevent , Meijer retail and grocery supercenters, 7-Eleven, CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. drug stores, Sheetz convenience stores, Ritz Camera centers Beltsville, Maryland-based Ritz Camera Centers operates a chain of approximately 1,200 photography stores located in 48 states and the District of Columbia. These stores offer a variety of photography products and services, including one-hour photofinishing, digital imaging, and , and movie theaters owned by Regal Entertainment Group. According to market estimates by Frost & Sullivan, Axalto holds a leading position in banking smart cards in the world with total shipments exceeding 70 million smart banking cards in 2004. Axalto already has more than 12 million of its contactless cards in use in the world today. About KeyCorp Cleveland-based KeyCorp (NYSE NYSE See: New York Stock Exchange :KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $91 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. About Axalto Axalto (EURONEXT:AXL)(EURONEXT:NL0000400653) is the world's leading provider of microprocessor cards (Gartner 2005) -- the key to digital networks -- and a major supplier of point-of-sale terminals. Its 4,500 employees come from 60 nationalities and serve customers in more than 100 countries, with worldwide sales reaching 3 billion smart cards to date. The company has 25 years of experience in smart card innovation and leads its industry in security technology and open systems. Axalto continuously creates new generations of products for use in a variety of applications in the telecommunications, finance, retail, transport, entertainment, healthcare, personal identification, information technology and public sector markets. Microprocessor cards provide convenience, security and privacy to public and private services operators, their customers and end users. For more information, please visit www.axalto.com. |
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