Mr. Xavier Drilhon, Executive Vice-President, Oberthur Technologies, commenting on the partnership, said: “Oberthur Technologies strategy is to continue deploying its worldwide personalization network. We are excited to work with Network International and applaud their insight in creating such a facility. Integrated to our monitoring software, CPS, this new bureau will offer banks and financial institutions the latest in personalization and security applications that will translate into revenues and cards experience for the customer.” The JV marks a shift toward chip-based cards in the market and card schemes stipulation for chip. To assist banks and financial institutions with this shift, the bureau will work closely with clients to maximize their return on investment and improve the overall card user experience. The technological challenges will be addressed through the JV as Oberthur has made significant investments to ensure technological advancements in this sector. Utilisation of chip-based platforms will not only help banks better manage fraud risk and comply with card scheme regulations, but also improve revenues through multi applications that can be written to the chip. Cards personalisation and loyalty programs are seen as a key revenue feature amongst forward-looking global banks seeking improved customer care and protection policies. Chip-based platforms enhance interoperability with multiple application including loyalty schemes, public transport payment, as well as personal identification. s.cau@oberthurcs.com www.oberthurcs.com