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ETT, Siemens venture into smartcard sector

ETT, Siemens venture into smartcard sector

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ASX-listed payment card solutions vendor, Electronic Transaction Technology has entered into a co-operative agreement with Siemens to provide smartcard solutions to financial institutions, banks and large retailers.

The partnership will focus on the provision of secure chip card technology solutions arising out of the emerging requirements for EMV (Europay Mastercard Visa) compliance in the EFTPOS and credit card environments.

ETT will become the marketing and sales channel for Siemens' secure chip card technology as well as sourcing smartcard terminals, while Siemens will provide consulting, integration and project management. Hosted services are also on the cards.


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