Riyad Bank launches Saudi Arabia's first contactless EMV bank card with Gemalto
(Thomson Reuters ONE) -
Amsterdam, Sept. 29, 2015 - Gemalto (Euronext NL0000400653 GTO), the world
leader in digital security, announced that Riyad Bank, one of Saudi Arabia's
foremost financial institutions, is migrating its entire portfolio to Gemalto's
Clarista Contactless EMV card, powered with the industry-standard MULTOS
operating system. This is the country's first contactless payment method, which
grants Riyad Bank a clear differentiator in the local retail banking market.
Consumers love the convenience and speed of paying with a contactless card - no
more fumbling for cash, counting change, or wondering about whether they have
enough cash for a purchase. The introduction of contactless cards puts Riyad
Bank at the forefront of one of the most powerful trends currently shaping the
consumer environment in Saudi Arabia, where the contactless infrastructure is
being established. The latest report from ABI Research predicts there will be
100,000 contactless payment terminals across Saudi Arabia by the end of 2015,
rising to 500,000 by 2019(1).
"Riyad Bank achieved SAMA(2) certification recently and Gemalto was first to
offer a dual interface card that meets this requirement, a key determining
factor in our decision," said Khalid Hariry, Senior Vice President and Head of
Retail Products and Services Section at Riyad Bank. "Based on Riyad Bank's long-
standing and successful business partnership with Gemalto and their position as
world leader in contactless EMV cards, they were the natural choice for our
innovative project."
"Riyad Bank will reap the benefits of being first to market in Saudi Arabia,
with a solution that offers broad appeal, especially for young, fashion-
conscious consumers," said Eric Claudel, President of Middle East & Africa for
Gemalto. "Gemalto is committed to supporting Riyad Bank in their contactless
strategy, which could evolve towards mobile NFC solutions."
(1) ABI Research: "Payment card and banking card contactless technology market
data"; Dec. 2014
(2) Saudi Arabian Monetary Agency (SAMA)
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security,
with 2014 annual revenues of ?2.5 billion and blue-chip customers in over 180
countries.
Gemalto helps people trust one another in an increasingly connected digital
world. Billions of people want better lifestyles, smarter living environments,
and the freedom to communicate, shop, travel, bank, entertain and work -
anytime, everywhere - in ways that are enjoyable and safe. In this fast moving
mobile and digital environment, we enable companies and administrations to offer
a wide range of trusted and convenient services by securing financial
transactions, mobile services, public and private clouds, eHealthcare systems,
access to eGovernment services, the Internet and internet-of-things and
transport ticketing systems.
Gemalto's unique technology portfolio - from advanced cryptographic software
embedded in a variety of familiar objects, to highly robust and scalable back-
office platforms for authentication, encryption and digital credential
management - is delivered by our world-class service teams. Our 14,000 employees
operate out of 99 offices, 34 personalization and data centers, and 24 research
and software development centers located in 46 countries.
For more information visit www.gemalto.com, www.justaskgemalto.com,
blog.gemalto.com, or follow (at)gemalto on Twitter.
Gemalto media contacts:
Philippe Benitez Peggy Edoire Vivian Liang
North America Europe & CIS Greater China
+1 512 257 3869 +33 4 42 36 45 40 +86 1059373046
philippe.benitez(at)gemalto.com peggy.edoire(at)gemalto.com vivian.liang(at)gemalto.com
Ernesto Haikewitsch Kristel Teyras Pierre Lelievre
Latin America Middle East & Africa Asia Pacific
+55 11 5105 9220 +33 1 55 01 57 89 +65 6317 3802
ernesto.haikewitsch(at)gemalto.com kristel.teyras(at)gemalto.com pierre.lelievre(at)gemalto.com
Press release (PDF):
http://hugin.info/159293/R/1954976/711640.pdf
Riyad Bank contactless card:
http://hugin.info/159293/R/1954976/711641.jpg
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Gemalto via GlobeNewswire
[HUG#1954976]
Unternehmensinformation / Kurzprofil:
Datum: 29.09.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 423144
Anzahl Zeichen: 5249
contact information:
Town:
Meudon
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 186 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Riyad Bank launches Saudi Arabia's first contactless EMV bank card with Gemalto"
steht unter der journalistisch-redaktionellen Verantwortung von
Gemalto (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
