Morpho supplies Hungary’s first MasterCard PayPass credit card
Paris, November 17, 2011
Morpho (Safran group) is the supplier of the first Hungarian MasterCard PayPass credit card, based on touch-and-go technology, launched by the Magyar Cetelem Bank in October 2011. Morpho will be in charge of production of the EMV* dual interface cards, personalization and card management services.
EMV Pro CL cards from Morpho will enable Hungarian customers of Magyar Cetelem Bank to experience the benefits of both contact and contactless payment using the MasterCard® PayPass™ technology for its premium credit cards. The contactless payment system enables instant, safe purchases. A purchase is accepted in a few seconds by tapping the card on the terminal, with no signature nor PIN required.
Morpho is cooperating with its local Hungarian partner, Pénzjegynyomda Zrt., to meet the increasing demands of Hungarian financial institutions to deploy the best innovative, secure and convenient technology with the proximity and flexibility of local services.
Gábor Meggyesi, Commercial Director of Cetelem Hungary explained: "We wish to keep our leading position on the market through innovative solutions and we are proud that Cetelem is the first to offer a credit card with the new touch-and-go technology in Hungary. Our customers will be able to make purchases faster and more conveniently with PayPass™ than ever before with only one tap at the counter. Morpho's support has been key to reach this target".
Arnaud Jullien, VP Payment Products & Service, Morpho, stated: "We are delighted to be able to work with Cetelem Hungary who have placed their trust in us to manage their EMV migration projects first to contact chip cards and then to dual interface cards. Our experience in migration projects all over the world allowed us to leverage our unique EMV expertise and the local presence of our partner Pénzjegynyomda Zrt. to lead these projects successfully".
* EMV (Europay, MasterCard and VISA) is widely becoming the global standard in the migration from magnetic stripe cards to chip-based smart cards. EMV is an interoperability standard developed by the three financial institutions to ensure that all Europay, MasterCard, and VISA branded smart cards and all smart card-reading POS terminals and ATMs work together to deliver the highest level of security.
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Morpho, a high-technology company in the Safran group, is one of the world's leading suppliers of identification, detection and e-document solutions. Morpho is specialized in personal rights and flow management applications, in particular based on biometrics, a sector in which it is the world leader, as well as secure terminals and smart cards. Morpho's integrated systems and equipment are deployed worldwide and contribute to the safety and security of transportation, data, people and countries.
Through its e-Documents Division, Morpho is a pioneer and a global leader in the smart card industry. It develops and implements cutting-edge technology to turn the vision of unbounded mobile communications and integrated digital security into a reality. The Division's portfolio includes hardware, software, consulting and services, all focused on smart cards for the benefit of consumers and providers in the telecommunications, health, identification and banking areas.
About BNP Paribas personal Finance and Cetelem
BNP Paribas Personal Finance is, within the BNP Paribas Group, the specialist in personal loans via its activities in consumer credit and mortgage lending. With 29,000 employees throughout more than 30 countries over 4 continents, BNP Paribas Personal Finance is the leader in France and in Europe. BNP Paribas Personal Finance is capable of offering, through its brands, Cetelem, Findomestic, AlphaCredit, a full range of personal credit products via points of sale and car dealerships, accredited business providers, brokers, estate agents, promoters and direct-to-customers, via its customer relations centres and Internet. In addition to this, BNP Paribas Personal Finance has developed its partnership activity, turning it into a business line in its own right, based on its know how in marketing credit offers and built-in services adjusted to partners' business and commercial strategy. In this way BNP Paribas Personal Finance is the benchmark for brands in the worlds of trade, services, banking and insurance. It is also the leading player in the field of responsible lending.
For further information: www.bnpparibas-pf.com
Morpho, e-Documents Division
Phone: +49 (0) 4347 715 2501
Mobile: +49 (0) 162/ 200 77 61