Deutsche Effecten- und Wechsel-Beteiligungsges. AG
EANS-News: Deutsche Effecten- und Wechsel-Beteiligungsges. AG (DEWB)/ Leading Card Manufacturer CPI Expands Contactless Portfolio with New Partnerships
Relationship with NXP Semiconductors and KSW Microtec Provides CPI Customers with contactless payment applications optimized for the North American market
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Joint Ventures/Cooperation/Collaboration
Subtitle: Relationship with NXP Semiconductors and KSW Microtec Provides CPI Customers with contactless payment applications optimized for the North American market
Jena, 13 April 2010 (euro adhoc) - CPI Card Group, a global leader in financial and commercial card production and related services, today announced new initiatives with NXP Semiconductors and KSW Microtec to broaden its portfolio of contactless offerings and provide customers with expanded contactless technology solutions from two widely respected developers.
Demand for contactless cards in the financial payment card market has increased significantly over the past several years. Given this new partnership and years of global experience, CPI now offers additional qualified alternatives in the supply chain development of contactless payment cards to meet the growing marketplace demands.
"In order to provide the best products for our customers, we feel it´s important to offer a variety of technology choices and solutions from reliable partners in the industry," says Benoit Guez, director of Smart Cards and New Technologies at CPI. "Both NXP and KSW have demonstrated their commitment to developing cutting-edge technologies in the contactless space, and we look forward to working together as a team to meet our clients´ needs, and exceed their expectations."
NXP Semiconductors offers a broad portfolio of solutions for banking applications, providing customers with a combination of proven security and performance with their ICs. NXP´s Fast Pay contactless security chip, deployed with CPI, can be widely used for contactless payment applications and is specifically designed to provide consumers in the USA and Canada with a secure, fast and comfortable payment experience. It´s embedded Data Encryption Standard (DES) hardware co-processor and best-in-class contactless performance provides strong security and fast transaction times.
KSW Microtec is a leading supplier of contactless prelaminates for ePayment, eGovernment and Access Control applications. The KSW Thinlam®, a contactless prelaminate for card manufacturers, provides exceptional thinness and maintains the highest reliability and durability thanks to its unique assembly technology. Thinlam® is the ideal solution for any contactless personal identification application especially where security, performance and appearance are important.
"We are extremely pleased that CPI has selected NXP as a key technology partner for the US banking market," says Karsten Danziger, director of Banking Identification at NXP Semiconductors. "Our proven Fast Pay solution will enable swift and secure payment transactions. Working together with CPI and KSW we will create differentiating solutions that enable the best possible customer contactless payment experience. NXP continues to raise the bar with respect to the security, reliability, performance, and size of our contactless solutions."
"We are delighted about the business partnership with our valued customer CPI. By combining both our smart and innovative technologies, CPI and KSW establish new possibilities in card manufacturing," says Thomas Hitzer, CEO of KSW Microtec. "In cooperation with our partners, we are committed to provide innovative, durable and secure RFID components, such as PVC Thinlam® with NXP´s Fast Pay chip, for secure contactless card applications worldwide."
About CPI Card Group CPI, a global leader in financial, commercial and identification card production and related services, offers a single source for plastic cards and other form factors, from foil cards and holograms to translucent and smart cards, and personalization and fulfillment services. CPI offers the largest production capacity in North America. CPI's production sites include Denver, Colorado; Fort Wayne, Indiana; Las Vegas, Nevada; Colchester, England; Liverpool, England; and Toronto, Canada. CPI's plants in Colorado, Nevada, and Liverpool are ISO 9001 certified. For more information, visit www.cpicardgroup.com.
About KSW Microtec KSW Microtec AG founded in 1994, with its headquarters in Germany, is one of the world´s leading suppliers of contactless components for applications such as Access Control and eGovernment, ePayment, eTicketing and Asset Management. KSW combines successfully high-end wafer processing, extremely efficient assembly and lamination technology and far-reaching expertise in design. KSW has earned itself a leading position on the market as innovator and one of the most efficient, and simultaneously most flexible, producers of RFID components. KSW is an 100 % investment holding of the listed venture capital company Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB). For more information visit: www.ksw-microtec.de
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Contact:
Marco Scheidler
Tel.: +49 (0) 3641 573-3600
E-Mail: marco.scheidler@dewb-vc.com
Branche: Financial & Business Services
ISIN: DE0008041005
WKN: 804100
Börsen: Berlin / free trade
Stuttgart / free trade
München / free trade
Frankfurt / Open Market / Entry Standard