Morpho and Banner Plasticard Announce Business Collaboration in the Philippines

Morpho (Safran), a global leader in identity and security solutions, today announced a strategic collaboration with the Philippine-based card manufacturing company Banner Plasticard. The common aim is to support banks and financial institutions in the Philippine market during the ongoing EMV* migration with state-of-the-art banking card personalization and manufacturing services.
Production site Safran Identity & Security  technology to Taubaté, especially where a new assembly line modules of smart cards. This line is dedicated to the production of identity cards polycarbonate with a high level of security.

With an annual production capacity of up to 30 million modules, Safran Identity & Security  now has a full production chain for Brazil’s new RIC ID card, which will become the country’s official means of identification in the next few years.

Morpho will provide Banner Plasticard with personalization technology, based on first-class industry standards for EMV card operations such as Data Preparation and Data Generation Services. Banner Plasticard will set up and operate a local personalization center and at a later stage also manufacture EMV cards.

Anthony Ong, Managing Director of Morpho Cards Singapore, states: "This strategic collaboration decisively consolidates our strong position in the banking market. We are delighted that Banner Plasticard chose Morpho's comprehensive payment solutions expertise to build up its new personalization bureau with our leading EMV technology."

 

We are very happy about this partnership which enables us to benefit from Morpho's extensive and global experience with the strongly prevailing EMV payment technology

Arnel Babierra, Vice President for Operations of Banner Plasticard

 

The migration to EMV technology in the Philippines is moving fast. In 2013, the Central Bank of the Philippines issued a mandate valid for all local banks and financial institutions to adopt higher data encryption standards for all automated teller machines (ATMs) in the country and to shift to ATM cards with more security features. This regulation also requires shifting from the magnetic stripe technology to the more secure EMV chip-enabled cards by January 1, 2017, backed up by a detailed EMV migration plan focused on strengthening the existing electronic retail payment network and protecting it against ATM and credit-card fraud.

*EMV : Europay MasterCard Visa

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