Smart card specialist Gemalto reports that first quarter revenue declined 7% to $491 million due lower revenue in Mobile Communication and Public Telephony offset by solid growth on the back of higher microprocessor card volumes delivered for payment and pay-TV applications. The Secure Transactions unit which includes Financial Services and pay-TV rose 7% to $130 million. Deliveries of microprocessor cards were up by 16%, driven by on-going EMV deployment, primarily in Europe and certain Latin America countries. Average selling prices decreased due to more intense competition in certain high growth markets which are migrating to EMV and to a greater share of modules in total deliveries on the back of rapid development in North Asia. The contactless payment market confirms its strong potential with initial launches in North Asia and the United Kingdom, and new deployments in the USA. Gemalto is currently participating in about 20 mobile contactless payment pilots throughout the world. For complete details on Gemalto’s latest performance visit CardData ([www.carddata.com]).