This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cairo Amman Bank And Gemalto Introduce The First EMV Instant Issuance Services To Jordan

Stocks in this article: GMT

AMSTERDAM, March 26, 2014 (GLOBE NEWSWIRE) -- Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, joined forces with Cairo Amman Bank (CAB) to equip the bank's 105 branches with De xxis Instant Issuance services. The turnkey Gemalto solution, which includes installation and training services, will mark CAB as the first financial institution in Jordan to issue EMV banking cards on the spot. With Dexxis Instant Issuance, customers will get their new or replacement cards in a matter of minutes and enjoy the freedom to choose their own PIN in a secure way.

For CAB, on-the-spot card delivery combined with self-selected PIN code issuance will remove the extra expense associated with card fulfillment via post and separate PIN mailing, which can add up to as much as 70% of the issuance cost.

Gemalto's Dexxis Instant Issuance is fully compliant with the most recent PCI-DSS security standards, ensuring robust end-to-end encryption of the personal data held within bank branches. The user-friendly solution can perform personalization services for EMV cards provided by any vendor.

"In addition to on-the-spot card delivery, the solution enables small batch production at branches to accommodate changes in demand for EMV cards, especially in markets where we do not have a central issuance system. It also enables our customers to securely choose their own PIN code, which adds a personal touch to the service," said Khalid Al Qassem, Deputy General Manager for CAB. " Gemalto brings us a turnkey, highly secure solution which is very simple to use for employees in branches. Gemalto's strong presence in the Middle East is one of the key reasons we selected the company, with technical customer services and support close at hand."

" With nearly five million EMV cards instantly issued in 2013 alone with Dexxis Instant Issuance, Gemalto has acquired unmatched expertise, which CAB will benefit from," added Eric Claudel, President of Africa and the Middle East for Gemalto. " T he solution also offers CAB more opportunities for face-to-face contact with its customers, to hear first-hand their needs and preferences, and promote new services tailored to individual requirements."

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2013 annual revenues of €2.4 billion and more than 12,000 employees operating out of 85 offices and 25 research and software development centers, located in 44 countries.

We are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work – anytime, everywhere – in ways that are enjoyable and safe. Gemalto delivers on their expanding needs for personal mobile services, payment security, authenticated cloud access, identity and privacy protection, eHealthcare and eGovernment efficiency, convenient ticketing and dependable machine-to-machine (M2M) applications. We develop secure embedded software and secure products which we design and personalize. Our platforms and services manage these products, the confidential data they contain and the trusted end-user services made possible.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs