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EANS-News: Deutsche Effecten- und Wechsel-Beteiligungsges. AG (DEWB)/ Leading Card Manufacturer CPI Expands Contactless Portfolio with New Partnerships
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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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
Further inquiry note:
Marco Scheidler
Tel.: +49 (0) 3641 573-3600
E-Mail: [email protected]
end of announcement euro adhoc
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company: Deutsche Effecten- und Wechsel-Beteiligungsges. AG
Leutragraben 1
D-07743 Jena
phone: +49 (0)3641 573 3600
FAX: +49 (0)3641 573 3610
mail: [email protected]
WWW: http://www.dewb-vc.com
sector: Financial & Business Services
ISIN: DE0008041005
indexes:
stockmarkets: free trade: Berlin, Stuttgart, München, Open Market / Entry Standard:
Frankfurt
language: English
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