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Available in 2004, the new CB/EMV/DDA bankcard
is seen as an e-payment milestone.
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| Yves Randoux, CEO Cartes Bancaires, and Jean-Paul
Jainsky, Director of Sagem’s Security Division, at the signing
of the development contract for the new DDA card. |
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In mid-January, the French electronics group, Sagem,
won the international call for tender launched by Cartes Bancaires
for the development of the new generation of CB/EMV/DDA bankcards.
“The development of this new generation of cards will not
only be one of the best product offerings available on the market,
but one which will also permit CB member banks to meet the future
challenges of the continually evolving European payment markets”,explained
Cartes Bancaires’ CEO Yves Randoux. Sagem is intent on applying
all their expertise to this development, in particular, “their
solid experience in producing mask software, cryptographic systems
and e-payment applications”, indicated Jean-Paul Jainsky, Director
of Sagem’s Security Division.
In compliance with the international EMV (Europay Mastercard Visa)
specifications, the CB/EMV/DDA card will have additional encryption
systems that will further enhance the security of the CB system. The
new microchip will contain a DDA (Dynamic Data Authentication) encryption
processor making each transaction unique. In this operation mode,
the authentication data is supplied to the payment terminal by the
card itself.
In addition to the basic functions, the CB/EMV/DDA smart card will
be well positioned to provide new services to both cardholders and
retailers (loyalty programmes, e-signature, e-ticketing, etc.).
Another advantage of this new card is that it’s fully compatible
with the latest generation of electronic payment terminals (CB5.2
standard) integrating the DDA function. The CB/EMV/DDA card will enter
the field pilot phase (with cardholders) at the start of 2004. It
will then be gradually deployed starting in mid-2004. |
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