| Keycorp technology certified by MasterCard |
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| by Stan Beer | |
| Sunday, 17 September 2006 | |
  
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Keycorp’s contactless MULTOS technology is already being used in a multifunction card for banking and transit in Taiwan, which is the world’s first MasterCard OneSmart PayPass Chip Combi Card, known as the TaiwanMoney Card. As a result of the certification by MasterCard, Keycorp is now able to work with a number of card manufacturing partners to offer a contactless chip payment product for general use by any issuer worldwide who wants to offer a OneSmart PayPass product. “Contactless payment cards are becoming increasingly popular and there is a growing trend to combine a number of applications on a single card,” said Richard Cusson, Keycorp’s General Manager, Smartcard Technologies. “Keycorp is well placed to address those opportunities because of the security, openness and flexibility of our MULTOS technology with the added ability to offer contactless and contact card EMV applications to some of the most innovative issuers worldwide.” “Mastercard is pleased to announce that Keycorp’s Type A Reduced Embossing M/Chip 4 PayPass card has now achieved full certification,” said Toni Merschen, Head of Chip Center of Excellence, Global e-Business and Emerging Technologies, MasterCard Worldwide. “This milestone allows us to provide our customer financial institutions globally with a fully type approved product to support their contactless payment ambitions.”{moscomment} |
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