Cambridge, UK - 22 December 2009
The National Bank of Umm Al Quwain (NBQ) has acquired and installed Cryptomathic's data preparation system CardInk and OMA Emirates' personalisation software NanoPerso to facilitate the issuance of its entire debit and credit card portfolio.
CardInk - from security solutions specialist Cryptomathic - generates the personalisation data, including all cryptographic data, for the issuer's chip and magnetic stripe payment cards. The data is passed to OMA Emirates' personalisation software NanoPerso, which drives NBQ's in-house personalisation systems and ensures that data generated by CardInk is personalised appropriately for both Mastercard and Visa EMV cards. This proven, turnkey solution ensures that data generation, key management and personalisation is undertaken within a highly secure environment, which is simple and efficient to operate.
Peter Landrock, Executive Chairman of Cryptomathic, comments: "Working in partnership with OMA Emirates has enabled us to provide a complete end-to-end solution for NBQ, and we are delighted to provide them with our advanced technology. Cryptomathic and OMA Emirates now look forward to offering other financial institutions in the Middle East -and indeed across the world - the opportunity to implement, for immediate use, data preparation and personalisation systems for their card programmes."
Niranj Sangal, Head - Business Development for OMA-SG, commented: "The industry is currently experiencing a new wave of innovation. OMA/Solution Gulf and Cryptomathic are working with NBQ to accelerate its activities, by supplying a global end-to-end secure solution on the EMV issuance that now allows them to manage their card issuing business quickly and simple."
CardInk is the only major system that is both HSM (Hardware Security Module) vendor and card platform independent, ensuring flexibility for any card issuing environment, supporting GlobalPlatform, Multos and native cards.