AUSTIN, Texas ¯ Axalto, provider of microprocessor cards, announced in a news release a turnkey smart card personalization offer through the Visa Smart Breakthrough program, an initiative bringing cost-effective solutions and innovative technologies to member financial institutions, and facilitating the EMV migration process. Axalto will be offering in particular a "fee-per-card" scheme that allows banks to migrate to the advanced EMV standard without a large up front investment.
As part of the Visa Smart Breakthrough program, Axalto offers Visa member banks its field-proven personalization package that includes data preparation, personalization software suite for EMV cards, quality control software, as well as ongoing technical support. The Axalto package is available immediately.
"Visa is pleased to include Axalto's personalization offer in the Visa Smart Breakthrough program," said Stephanie Ericksen, vice president of product and technology integration for Visa International. "Financial institutions migrating to chip technology will benefit from the increased choice in competitive, efficient tools and solutions."
"Axalto is committed to delivering a large variety of easy-to-use, flexible EMV personalization solutions that are adaptable to any bank requirements," said Bertrand Knopf, banking segment director at Axalto. "By enabling issuers to implement chip programs efficiently, we intend to further accelerate the EMV migration towards intelligent cards worldwide."
