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November 6, 2005

Axalto takes leading role in US roll-out of contactless payment cards

Smart card producer Axalto has revealed that it will deliver five million new contactless smart payment cards to US banks by the end of the year.

By CBR Staff Writer

The Dutch company’s impressive achievement was revealed by Paul Beverly, president Americas for Axalto. US financial institutions are leading the move to contactless payment cards, Mr Beverly said.

He added: Axalto is committed to helping these institutions put a contactless card in the hand of each consumer to bring payments into a future that is faster and more convenient.

Axalto will be supplying the MasterCard PayPass system enabled cards to a number of leading US banking organizations from its production facilities in Maryland in the US and in Orleans in France.

On a global scale Axalto has the capacity to ship over 70 million smart banking cards per year.

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