Axalto Palmera Achieves First EMV Certification in China

Axalto Palmera, a product of Axalto, has achieved the first EMV certification issued in China. This certification, awarded by the China Banking Card Test Center, is based on the debit/credit specification by People's Bank of China (PBOC) and is fully compliant with the international EMV2000 standard. With this certification, Axalto Palmera becomes the world's first product to support Visa, MasterCard, JCB, and the latest China EMV applications on a single card, including China UnionPay, MasterCard, and Visa applications.

Key Takeaways:

• Axalto Palmera is the first product to achieve EMV certification in China, awarded by the China Banking Card Test Center.
• The certification is based on the debit/credit specification by People's Bank of China (PBOC) and is fully compliant with the international EMV2000 standard.
• Axalto Palmera supports Visa, MasterCard, JCB, and the latest China EMV applications on a single card, making it an ideal choice for China EMV migration.
• The product is well-positioned to enable China banks to empower consumers with value-added services and open new business opportunities.
• Axalto Palmera is designed to facilitate correct operation and interoperability on smart card transactions for debit and credit.
• The product has been deployed in hundreds of projects worldwide and is the ideal EMV choice to support a variety of applications.

Statistics:

• Axalto has sold over 3 billion smart cards worldwide to date.
• Axalto has 25 years of experience in smart card innovation and leads the industry in security technology and open systems.
• Axalto Palmera supports a wide range of innovative applications, including loyalty programs, local ATM schemes, and on-line banking services.

Sources:

• Axalto press release, dated August 28, 2005
• Gartner 2005 report (cited in the Axalto press release)
• Frost & Sullivan 2004 report (cited in the Axalto press release)
• People's Bank of China (PBOC) debit/credit specification