InterSwitch Selects Gemalto’s Instant Issuance Solution to Accelerate Chip Migration for 30 Million Payment Cards in Nigeria

Amsterdam, Netherlands

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced that InterSwitch is deploying its Dexxis Instant Issuance solution to accelerate chip migration in Nigeria. InterSwitch is a leading provider of secure electronic payment solutions in Nigeria and comprises 25 member banks. Chip migration is ramping up in the country and InterSwitch member banks will be replacing 30 million magnetic stripe cards in the next few years.

The Gemalto solution enables InterSwitch members to carry out on-the-spot personalization and delivery of chip cards to their customers, directly at their branches. With Dexxis Instant Issuance, banking customers leave the branch with their card in hand and start using it immediately, compared to an average two weeks timeline with conventional issuance. This means that all the cards delivered are actually used, making the investment fully productive for all stakeholders.

As part of the contract, Gemalto supplies the software that allows InterSwitch to offer the instant issuance service to its members. It also enables InterSwitch to provide its member banks with a turnkey solution to perform instant issuance themselves.

"We are very pleased with the continued business partnership we have established with Gemalto," said Mitchell Elegbe, Managing Director, InterSwitch. "Gemalto has been assisting us in our transition to chip-and-PIN cards right from the start and Dexxis Instant Issuance will be a valuable asset to boost our migration project."

"This is Gemalto’s 100^th installation of a Dexxis personalization solution and we are proud to achieve this milestone with InterSwitch", added Philippe Cambriel, Executive Vice-President of the Secure Transactions Business Unit at Gemalto. "Bolstered by our experience in personalization solutions across the world, we have been able to install and qualify the entire solution in just two months, enabling InterSwitch to offer the instant issuance service to its member banks in record time. Instant issuance, close to consumers in the regions, will clearly contribute to speeding up chip migration in Nigeria."

About Gemalto

Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2008 annual revenues of €1.68 billion, and 10,000 employees operating out of 75 offices, research and service centers in 40 countries.

Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work-anytime, anywhere-has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.

Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. To complete the solution we also provide software, systems and services to help our customers achieve their goals.

As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.

For more information please visit www.gemalto.com.

Source:Business Wire (Business Wire India)

Other Press Releases for July , 2009