|[July 22, 2014]
OT's Cosmo RSA v5, the First Durbin-Compliant Debit Card Certified by MasterCard for the US EMV Migration
COLOMBES, France --(Business Wire)--
Oberthur Technologies (OT), a world leader in digital security solutions
for the mobility space, today announced that it has developed the first
debit card certified by MasterCard (News - Alert) that meets the Durbin Amendment
guidelines. These guidelines require issuers to identify two
unaffiliated debit networks, for each debit or prepaid card they issue.
OT's Cosmo RSA (News - Alert) v5 M/Chip™ Multi-Application is developed on OT's Global
Platform compliant and java-based operating systems and is capable of
supporting dynamic data authentication. It builds upon the existing
products available on OT Cosmo RSA v5 platform and is specifically
designed to support the combination of MasterCard debit and the U.S.
debit "Maestro U.S." Application Identifiers (AID) required to support
Debit cards issued in the U.S.A. The Cosmo RSA V5 M/Chip
Multi-application has been developed to minimize memory requirements,
allowing optimal support of the unique routing requirements stemming
from the Durbin Amendment included in the Dodd-Frank financial reform
"Being first to receive this MasterCard certification for the U.S.
market is a major achievement for OT. It demonstrates OT's ability to
deliver the right products and services to our customers at the right
time, leveraging our long and close relationship with MasterCard" said
Martin Ferenczi, President for North America at OT.
"Thanks to our R&D and investments in North America, we are the first
offering a product addressing the debit market in the US. With this new
product, OT reinforces its positio as an undisputed leader in the U.S.
by now offering a complete range of U.S. debit compliant products, which
support the EMV debit migration ramp-up in 2014" said Eric Duforest,
Payment Business Unit Managing Director at OT.
OT manufactures all its EMV cards in the United States at its ISO 9001
certified manufacturing facility in southeast Pennsylvania. OT has
integrated support for the Cosmo RSA v5 M/Chip™ Multi-Application into
its proprietary Common Personalization System (CPS), a single, global
personalization engine which has been developed over the past ten years
incorporating worldwide EMV best practices and deployed across Oberthur
Technologies' network of 40 personalization service centers. CPS has
been personalizing EMV cards since 2010 in OT's bi-coastal
personalization service centers located in Northern Virginia and
Cosmo RSA v5 is available for immediate deployment.
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in digital security solutions for the mobility
space. OT has always been at the heart of mobility, from the first smart
cards to the latest contactless payment technologies which equip
millions of smartphones. Present in the Payment, Telecommunications and
Identity markets, OT offers end-to-end solutions in the Smart
Transactions, Mobile Financial Services, Machine-to-Machine, Digital
Identity and Transport & Access Control fields. OT employs over 6 000
employees worldwide, including 600 R&D people. With more than 50 sales
offices across 5 continents and 10 facilities, OT's international
network serves clients in 140 countries. For more information: www.oberthur.com
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