TietoEnator and Visa partner for chip card technology in the CEMEA area
TietoEnator and Visa partner for chip card technology in the CEMEA area Visa International selected TietoEnator as one of its partners for a changeover whereby the Visa payment cards in Central and Eastern Europe, the Middle East and Africa are changed to comply with the EMV chip card standard. For TietoEnator, this means close cooperation with the Visa community in an area where more than 500 banks operate in 92 countries. TietoEnator is one of the 11 chosen partners who offer member banks their special knowledge in the transition of both Visa cards and their entire processing chain into new chip card technology. "TietoEnator's know-how in chip card technology and payment solutions, as well as project management and consulting experience are our trump cards, based on which we are expecting very positive outcome from our cooperation with the Visa partner network," says Mr Veli Pohjolainen, Senior Executive Vice President of TietoEnator and head of TietoEnator Finance Sector. The changeover to chip cards will mean that new cards need to be distributed and taken into use. The EMV standard defines a common technological basis for changing all the world's Eurocard, MasterCard and Visa payment cards into chip-based versions. Chip cards serve to enhance the security of card payments. For further information, please contact: Veli Pohjolainen, Senior Executive Vice President of TietoEnator and head of TietoEnator Finance Sector , +358 9 8626 0670 veli.pohjolainen@tietoenator.com With a staff of 10,000 and annual net sales of 1.1 billion euro, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator provides consulting, systems development and integration, operation and support, product development services for customers, and software services. The Group has in-depth knowledge of its customers' businesses in areas such as telecommunications, finance, the public sector and the forest and energy industries. www.tietoenator.com TIETOENATOR CORPORATION DISTRIBUTION Principal media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/02/20011002BIT00620/bit0001.doc http://www.waymaker.net/bitonline/2001/10/02/20011002BIT00620/bit0001.pdf