Banka Koper of Slovenia issues worldâ€™s first Visa cards on Keycorpâ€™s MULTOS smartcard technology
Keycorp Limited - Banka Koper of Slovenia issues worldâ€™s first Visa cards on Keycorpâ€™s MULTOS smartcard technology - MELBOURNE
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of Slovenia issues worldâ€™s first Visa cards on Keycorpâ€™s MULTOS smartcard technology
Banka Koper of Slovenia issues world's first Visa cards on Keycorp's MULTOS smartcard technology
Provides issuers of Visa and MasterCard a single platform to support smartcard chip applications for both payment schemes, simplifying card issuance, personalisation and management processes.
Sydney, 14 February 2007
Keycorp Limited (ASX: KYC), a global supplier of secure electronic transactions, today announced that Banka Koper, one of the leading financial institutions in Slovenia, has become the world's first Visa card issuer to deploy smart credit and debit cards using Keycorp's MULTOS smartcard technology.
is a flexible, secure, and cost effective smartcard operating system used for banking and payments.
Its key features are high security architecture, ability to co-house multiple, independent applications securely and its ability to remotely load and delete applications throughout the lifecycle of the card.
already uses Keycorp's MULTOS
operating system for its MasterCard portfolio, however, certification of MULTOS and MULTOS Step/one
with Visa lets Banka Koper
use a single platform to support the chip applications of both payment schemes (MasterCard and Visa).
This simplifies card issuance, personalisation and the management processes.
Gojmir Nabergoj, senior consultant at Banka Koper, said, "Banka Koper is a firm believer in MULTOS technology.
"As the payments industry migrates from magnetic stripe to smartcard technology, this move by Banka Koper
is a major step forward as it makes financial institutions worldwide aware of the full potential of their EMV (Europay, MasterCard and Visa) card issuance."
This implementation is a result of intensive work and co-operation between Visa International and Banka Koper
, and MULTOS
consortium members, Keycorp Limited
, Thales eSecurity and StepNexus.
About Banka Koper
Headquartered in the South West of Slovenia, Banka Koper
has been operating for 50 years and is the owner country's first and biggest domestic payment card system, known as Activa
, for which seven other Slovenian banks now hold sub-licenses.
It is also the holder of a full license for card-related products within the MasterCard and Visa systems.
Located at the gateway to Central and Eastern Europe, a region with diverse cultures and rapidly-growing economies, it has been critical that Banka Koper
adopts an innovative and proactive approach in order to capitalise upon its business development opportunities.
Banka Koper is now a member of a new Intesa-San Paolo group.
For further information see: http://www.banka-koper.si or http://www.activa.si or contact:
Head of Card Business Department
Tel: + 386 5 666 1451