News

Kasikorn bank contracts Card Tech Limited

March 19, 2006

LONDON -Card Tech Ltd., a United Kingdom-based leader in the payments industry, has
licensed its FraudGuard fraud detection and management solution to
Kasikornbank of Thailand.

Kasikornbank is Thailand's third largest commercial bank, providing services for more than 810,000 credit cards, 4.5 million ATM cards and 41,000 merchant locations throughout Thailand. CTL's FraudGuard will be used as a central fraud management platform, enabling Kasikkornbank to detect, alert and manage suspicious transactions.

This will be CTL's second major FraudGuard installation in Thailand and further proof of its growing success in the Asia Pacific region.