Gemalto has delivered the first Visa Java EMV cards to DBS Bank (Hong Kong), one of the leading card issuers in Hong Kong. According to Gemalto, this project marks a significant milestone for smart card development in Hong Kong's banking industry.
DBS Bank chose Gemalto to implement its ComPass Visa card program in order to meet the latest Visa security requirements. The program will involve two major cards issued by the bank, namely the ComPass Visa Card and the ComPass Everyday Visa Card.
With these Visa Java EMV cards issued by DBS Bank in circulation, this migration to the EMV standards will kick off the largest exercise of its kind in the Hong Kong market, Gemalto said.
As one of the market leaders, the adoption of the EMV chip for our ComPass Visa cards will certainly put us in the forefront of the card industry, said Vincent Chiang, managing director of card and loans at the consumer banking division of DBS Bank. We are very pleased to be partnering with Gemalto which has extensive experience in EMV migration. We believe that this project will be a great success, not only acting as a major step forward for DBS Bank, but for the banking market in Hong Kong as well.