The company also provides consumer
money transfer services from the U. Contactless
smart chips are designed to
work in many form factors - a plastic card, key fob, document cover or
even a
mobile phone cover.smartcardalliance.com, for Smart Card Alliance.
intercede issuers
newscom. "We are pleased
to partner
with BAWAG Bank and believe that we have made their entry into the Czech
Republic convenient
and cost effective," Williams said. These forward looking statements involve risks and uncertainties
such
as product demand, market and customer acceptance, the effect of economic
conditions, competition
, pricing, development difficulties, foreign currency
risks, costs of capital, continued certification
by credit card associations,
the ability to consummate and integrate acquisitions, and other risks
detailed
in the Company's SEC filings, including the most recently filed Form 10-Q or
Form 10K
, as applicable.S.issuers zeitcontrol
zeitcontrol rosco
"Smart card technology is being widely used for many applications in other
parts of the world, but recent developments illustrate how the U. "MasterCard, Visa and
American
Express have all launched contactless payment initiatives and major
retailers, such as McDonald's
, 7-Eleven and CVS, have committed to deploying
new point-of-sale terminals to accept the new contactless
payment cards.S.borer rs2
,
which was acquired by BAWAG Bank, has had excellent results working with MUZO
during
the past eight years," Hermann added. BAWAG Bank is expanding its branch office network in the
Czech
Republic to increase business growth in retail banking. In 2004, 121.org.borer rosco
BAWAG Bank CZ a.s. Selects
Global Payments' Subsidiary MUZO for Credit Card Issuing and Processing Services in the Czech Republic
(NYSE: GPN), a world leader in electronic transaction processing solutions,
today announced
that MUZO, a.s.com/cgi-bin/prnh/20010221/ATW031LOGO )
MUZO is one of the Czech Republic's largest
indirect processors, and
provides card issuing and processing services throughout Central and Eastern
Europe.S.globalpaymentsinc.
Contactless cards offer more security for the issuers and fewer worries
for
consumers because the data can't be copied to fraudulent cards.
Smart Card Alliance publications
on contactless payment and contactless
smart chip technology benefits are available free of charge
at
http://www.iteam magcard
asec zeitcontrol
They are invisible to the eye, and are easily used by
waving them near a reader
device or payment terminal.
About the Smart Card Alliance
The Smart Card Alliance
is a not-for-profit, multi-industry association
working to stimulate the understanding, adoption
, use and widespread
application of smart card technology.
Through specific projects such as
education programs, market research,
advocacy, industry relations and open forums, the Alliance keeps
its members
connected to industry leaders and innovative thought.S.identifications personalisation
BAWAG Bank CZ a.s.S. and
Europe to destinations in Latin
America, Morocco, and the Philippines. Just
recently, leading
credit card issuer JP Morgan Chase announced that it would
issue millions of new contactless credit
cards; we are expecting other issuing
banks to follow.mifare borer
Consumers enjoy added convenience, speed
and ease of use, while issuers and
merchants enjoy faster transaction times, increased spending per
transaction,
lower operational costs and penetration into the cash payment market.personalisation asec
Group.
This announcement may contain forward-looking statements pursuant to the
"safe-harbor" provisions
of the Private Securities Litigation Reform Act of
1995.multos intercede
(Logo: http://www.
Markus
Hermann, General Director of BAWAG Bank CZ a.s.S. cities including Atlanta, Boston, Chicago, Los Angeles
, and San
Francisco.workable formatter
, said, "We have
chosen MUZO as an experienced and dependable partner to launch
and process our
new and important product line -- credit cards.C. "Surely the U.securetech multos
belongs to the
fourth largest Austrian financial group
BAWAG P. MUZO's proprietary platform is among the first
in the
European market to be compliant with the international EMV standards for chip-
based payment
cards.J. market is
leading the way towards the use of contactless smart chip technology,
especially
for fast, secure payments," said Vanderhoof.
"Contactless chip technology is not only growing
for retail payments, but
for transit payments as well.7 million units were shipped and Frost predicts
this
number to climb to 847. For more
information please visit http://www.iteam multos
For more information
about the company
and its services, visit http://www. Examples include over one million
contactless
SmarTrip cards now in use in the Washington D."
These strong security features have also attracted
the U.zeitcontrol formatter
Global Payments offers a comprehensive line of processing
solutions for credit and debit cards
, business-to-business purchasing cards,
gift cards, electronic check conversion and check guarantee
, verification and
recovery, as well as terminal management. Research shows that
consumers, issuers
and merchants benefit from the use of contactless payments. Getting more
security and convenience
is a win-win.
CONTACT: Deb Montner, Montner + Associates, +1-203-226-9290,
dmontner@montner
.formatter rosco
(NYSE: GPN) is a leading provider of electronic
transaction processing services for consumers, merchants
, Independent Sales
Organizations (ISOs), financial institutions, government agencies and multi-
national
corporations located throughout the United States, Canada, Latin
America and Europe.
Contact: Phyllis McNeill
770 829-8245
phyllis. PRINCETON
JUNCTION, N.3 million in 2009.
tti securetech
"
Industry experts agree, predicting tens of millions
of contactless
payments cards in the next few years. The federal IDs also
have a contact smart
card chip that is used to secure access to networks and
computers, provide machine-based verification
of credentials and digitally
sign documents.eftpos borer
MUZO will also provide credit card authorization services
for
BAWAG Bank's Czech Republic customers.mcneill@globalpay. market is going to
account for a
significant share of this volume, and that will give this part
of the global smart card industry
a definite American feel," said Vanderhoof.org.rs2 securetech
"This agreement, with one of Austria's most successful
card issuers, is
evidence of the strength of our payment solutions and our ability to tailor a
program
specifically for our customers' needs, while significantly minimizing
their initial investment costs
," said President of Worldwide Payment
Processing for Global Payments, Carl J. Williams.
Global
Payments Inc.com
It will also be used in new Federal employee ID cards, providing
more
secure building access at government facilities.
A February 2005 study from Frost + Sullivan
, World Contactless Smart Card
Markets, forecasts increased use of contactless technology in all regional
markets.smartcardalliance.iteam issuers
ATLANTA, Global Payments Inc.s.
Based in Prague, MUZO serves
financial institutions with a comprehensive
package of payment services including credit and debit
card transaction
processing, installation and servicing of ATM and POS terminals, as well as
card
issuing services such as card database management and card
personalization.U.S. Market Is Emerging
as Leader for Secure Applications Using Contactless Smart Card Technology Says Smart Card Alliance
Executive Director
area for transit
payments, and the technology is in various stages of deployment
in 15 other
major U.S. The Alliance is the
single industry voice for smart cards, leading industry
discussion on the
impact and value of smart cards in the U.chipdrive formatter
K. Major cities around the country are
moving to
contactless smart card-based fare collection system as they upgrade their
payment infrastructure
," added Vanderhoof.rosco personalisation
" "Dresdner Bank CZ a. The Company undertakes no obligation to revise any
of
these statements to reflect future circumstances or the occurrence of
unanticipated events. federal
government, which will use the same secure contactless technology chosen by
the payments industry
in the new electronic passport for enhanced travel
security.identifications formatter
, Global Payments' Prague-based, majority
-owned
subsidiary, has executed an agreement with BAWAG Bank to provide credit card
issuing services
including card management, card personalization, PIN printing
and distribution, as well as card statement
printing and distribution in the
Czech Republic.
Vanderhoof sees security as a primary factor
motivating financial
institutions' investment in the higher-priced contactless smart chip-based
cards
.sofi emv
com., The United States has
taken a strong leadership position in adopting new payment and identification
applications that use secure contactless smart chip technology, according to
Randy Vanderhoof
, executive director of the Smart Card Alliance. According to Vanderhoof, "Having the information embedded
in
contactless smart chips eliminates and virtually makes it impossible to
replicate the card
as can be done with today's magnetic stripe cards. and Latin America.intercede formatter
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