Oberthur Technologies has said following its announcement of the development of MasterCard M/Chip Advance in December 2010, the Cosmo Fly v4 M/Chip Advance has been fully certified and is now commercially available for issuers.
According to the company, its M/Chip Advance card will provide issuers with a flexible solution for contact and contactless payments.
In addition to numerous payment-related enhancements, M/Chip Advance will also offer Integrated Data Storage capabilities to address the increasing demand for ‘one card’ payment solutions for sectors such as mass transit, loyalty, as well as campus and government entitlement programs.
Cedric Collomb, Cards & Services General Manager, Card Systems Division at Oberthur Technologies, said Cosmo Fly v4 M/Chip Advance is a major achievement for Oberthur Technologies in its commitment to offer its customers the latest innovations in the industry.
"Cosmo Fly v4 M/Chip Advance will allow issuers to deploy value-added solutions, such as ticketing for transport in open payment fare systems," Collomb said.
MasterCard chief emerging payments officer Ed McLaughlin said Oberthur Technologies has shown continuous commitment to deliver innovative payment products to their joint Issuing customers.
"We are delighted that Oberthur Technologies is now ready to deliver M/Chip Advance to MasterCard Issuers. M/Chip Advance paves the way for future innovation, building on the fast-growing EMV infrastructure worldwide," McLaughlin said.
