Axalto to Provide About Five Million Contactless Payment Cards for the U.S. Market this Year.AMSTERDAM, Netherlands -- Axalto (EURONEXT:AXL) (EURONEXT:NL0000400653), the world's leading provider of microprocessor cards, "will provide approximately five million of its contactless smart payment cards to top banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by the end of this year" said Paul Beverly, president Americas for Axalto. The issued MasterCard(R) PayPass(TM) cards will include both credit and debit cards 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. to enable "wave and go" payments. "U.S. financial institutions are leading the move to 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. cards," Beverly added. "Axalto is committed to helping these institutions put a contactless card in the hand of each consumer to bring payments into a future that is faster and more convenient." Axalto's smart payment cards, manufactured in Maryland in the United States and in Orleans in France, contain best in class contactless technology to ensure privacy and security for cardholders. The cards provide superior read range and are specially designed for durability. 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 and for other marketing purposes. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. market estimates by Frost & Sullivan, Axalto holds a leading position in banking 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. in the world, with total shipments exceeding 70 million smart banking cards in 2004. About Axalto Axalto (EURONEXT:AXL) and (EURONEXT:NL0000400653) is the world's leading provider (Gartner 2005) of microprocessor cards - the key to digital networks - and a major supplier of point-of-sale terminals. Its 4,500 employees, from over 65 nationalities, serve customers in more than 100 countries, with worldwide sales reaching over 3 billion smart cards to date. With a 25 year's of experience in smart card innovation, the company leads its industry in security technology and open systems. Axalto creates new generations of products for use in a variety of applications in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , 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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