News

First Data, Oberthur partner up to support EMV in the US

November 19, 2013

Payment processor First Data Corp. and smart card solutions provider Oberthur Technologies have formed a partnership to manage and promote EMV in the United States.

The partnership will leverage Oberthur's expertise, smart cards, and common personalization system, along with the card personalization capabilities of both companies in order to deliver a comprehensive EMV solution, the companies said in a news release. As part of the agreement, Oberthur Technologies has also become First Data's preferred provider of EMV smart cards.

"Oberthur Technologies' industry-leading EMV technology and chips further strengthen our offering," said Frank Bisignano, CEO of First Data. "The partnership reflects First Data's determination to lead the industry in preparing for the U.S. EMV migration and provide its customers a world-class solution."

"First Data's presence and relationships in the U.S. market make them a great partner for Oberthur Technologies to bring EMV solutions to U.S. card issuers," said Didier Lamouche, CEO of Oberthur Technologies.

First Data has been an approved EMV transaction processor since 1999 and recently announced its completion of MasterCard testing requirements to process Maestro EMV transactions at the ATM.

Read more about EMV.