ATM card may signal new growth for China-based company

ATM card may signal new growth for China-based company
Tags: Asia, Australia & Pacific, Bank / Credit Union, Components, Debit / Credit, Multifunction ATMs, Networking / Connectivity, North America, Security, Transaction Processing, Trends / Statistics
May 13, 2008

DigiTimes (Taiwan, Republic of China): Despite first quarter losses, PTMD, a joint-venture between ProMOS Technologies and China Potevio Company that engages in mobile storage and communication devices, is aiming for 100 percent sales growth in 2008. The company's hopes rest on substantial potential from a new China ATM card. Company manager Tom Lei explains why.