As Stated by company CEO Massimo Barone: “We are pleased to announce that we have entered into an agreement to-date with 1 of 2 companies that develop EMV (Euro MasterCard and Visa compliant) platform Smartchip cards.”
The North American market has not yet embraced these cards to their full potential but financial institutions are making the move to comply with Global Payment Industry to standardize platform structures and open up the North American market, which will improve network availability as well as security. In addition RFID or radio frequency cards have instead taken a stronghold in the market with contact-less offerings, which do not guarantee security.
We believe that partnering with EMV compliant providers in the “smartchip” industry will vastly improve our product offering and open potential new customers to SmartCard through the Velocitymoney™ offering. At present we have become a recognized solution to financial institutions and investing in the EVM compliant “smartchip” we can have a good lead time in the market of which is lagging in this product category and specification.
EMV compliant “smartchips” will be a key product solution for the Prepaid card segment as it will allow for safer protocols to be established and develop opportunities to offer card replacement programs to Prepaid card issuers and Telecom.
We seek Safe Harbor.
Contacts:
Max Barone, 1-866-774-2555
maxbarone@gosmartcard.com
www.gosmartcard.com
