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| Auchan's La Défense store has already made
the switch to EMV. |
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| The migration to the EMV chip is continuing in France,
notably in the mass retail sector. For example, the Auchan chain began
the switch to this new standard in April 2003. "We first of all
tested two CB5.2 /EMV Moneyline Eftpos terminals in our superstores
in Calais and Boulogne, before launching the first electronic payment
pilot operation in Auchan's Petite Forêt store near Valenciennes
in May. Today, we have extended the pilot operations to 35 of our
stores", explained Philippe Corbillon, Treasurer of Auchan France.
"Given the number of shoppers in our stores (20,000 customers
per day on average in the La Défense store), and the importance
of bankcard payments (46%), this period of tests is essential for
validating the operation of the integrated electronic payment solutions
we will be adopting before their general rollout." All Auchan's
120 stores in France will migrate to EMV in the first quarter
of 2004. |
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