Oberthur Card Systems, a global leader and the innovator in the
smart card industry, announced the signing of a memorandum of understanding
(MOU) with Tokyo-based Kyodo Printing
to work together at expanding the Integrated Circuit card (IC) market in Japan.
The first project together will start following the completion of the
Japanese Debit specification set to be issued later this year.
“This partnership marks our first step in moving into the growing Japanese
smart card market,” said Didier Serodon, director
of the Payment Division at Oberthur Card Systems. “Kyodo is a strong and
respected local leader in Japan at a time when the
market is ripe for expansion.”
Kyodo Printing, one of the largest printers and magnetic stripe card
manufacturers in Japan, is already active in the
microprocessor card market. By combining forces with Oberthur Card Systems,
Kyodo will help adapt Oberthur’s extensive
product portfolio to reach compliance with Japanese specifications for the
payment industry and address the growing demand for
smart cards in the E-Business and Mobile Communications arenas.
Having long advocated the importance of maintaining a “Think Global, Act
Local” philosophy, Oberthur welcomes this first
step into the Japanese market, where the need for local manufacturing and
personalization is even more vital.
The market potential in Japan is 675 million smart cards by 2005. Oberthur
Card Systems’ global and proven smart card
expertise, together with Kyodo Printing’s local presence and expertise, will
ensure a strong and lucrative entry into the Japanese
smart card market.
The initial joint project to produce an IC payment card will start in
March, with the first pilots scheduled in August prior to the
volume rollout at the beginning of 2002.
About Oberthur Card Systems
Oberthur Card Systems (Paris Stock Exchange – Code SICOVAM 12413), a global
leader and the innovator in the smart
card industry, is shaping the future by offering the ultimate in SIM, WAP, 3G
(UMTS), e-wallet technologies & Internet-based
card management services coupled with a firm commitment to open standards.
Championing EMV migration, Oberthur is the world’s No. 1 supplier of
MasterCard and Visa cards; No. 1 in banking,
e-commerce, m-commerce and pay-TV; and also the No. 1 in Java(TM) and GSM
Employing 3,000 people worldwide, Oberthur Card Systems has an
international reach ensured by 30 sales offices and 17
manufacturing sites across the five continents. Oberthur Card Systems had sales
of 185.8 million Euros in 1999.
About Kyodo Printing Co.
Kyodo Printing produces IC cards that have been employed across a wide
variety of sectors.
Kyodo Printing seeks to provide customers with a total end-to-end solution
to maximize the value and use of the IC Card.
This end-to-end solution consists not only of the production and
personalization systems for the IC cards but also three components of production support
Pre-printing and printing processes including planning, design and
production of the printing materials and the card handled by the SPC (Sales Promotion Center)
Personalization processes including data base construction and customer
base analysis provided by the DCC (Digital Communication Center)