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Tuesday, January 21, 2003 6:03:43 AM
(COMTEX) B: LogicaCMG Announces Multi-Million Euro Contract to Implement the World's
First National Multi Application Smart Card Program for Finland Luottokunta
Select LogicaCMG to Implement a Complete Solution for Smart Cards And
End-To-End Card Transaction Processing
LONDON, Jan 21, 2003 /PRNewswire via COMTEX/ -- LogicaCMG today announced that
it has been selected by Luottokunta, the leading payment card service company in
Finland, to provide the world's first national implementation of a new
end-to-end card processing solution, enabling the issuance of multi application
smart cards.
This major implementation will replace Luottokunta's entire platform for card
issuing, acquiring, interchange, settlement and transaction switching.
Importantly, it will support new security features to achieve full compliance
with the global EMV (Europay, Mastercard and Visa) standards, allowing all banks
and retailers in Finland using Luottokunta's services to process chip card
transactions. It will also enable other chip applications such as ID, advanced
loyalty, travel and other applications to be integrated onto a single smart
card.
Heikki Kapanen, managing director of Luottokunta commented, "Our strategy is to
offer increasingly versatile and flexible issuing, acquiring, card
administration and processing services cost-efficiently to our members. With
this solution we aim to strengthen our position by enabling the successful
launch of multi-application chip card programmes for the Finnish market. The
end-to-end solution offered by LogicaCMG together with its partners will combine
the benefits of using modern open information technology with high performance
and maintainability."
With the demand for EMV, the increasing move to multi application smart cards
and ever changing business requirements, Luottokunta identified the need to move
to a more flexible open systems solution. The combination of LogicaCMG's product
partners, Oasis Technology and Datacard Group, with LogicaCMG's proven track
record as a system integrator in the EFT market, provides Luottokunta with a
compelling card solution.
Nick Baines, director of LogicaCMG's international retail finance division said,
"We are very excited about this new initiative, as Finland has one of the
highest payment card penetration levels in the world, and is a role model in the
card market for many other countries. Enabling the development and launch of
multi application smart card programmes is a natural progression of
Luottokunta's advanced processing capabilities. We believe that our total
solution provides Luottokunta and their members with a formidable next
generation platform to support the business imperatives of this rapidly changing
European card marketplace. This contract is LogicaCMG's second major national
EFT infrastructure win in the last six months, both of which have been driven by
cost base improvement and EMV."
NOTES
About LogicaCMG
LogicaCMG is a global solutions company providing management and IT consultancy,
systems integration and outsourcing services. With additional expertise in
wireless technology, the company supports clients across diverse markets
including telecoms, financial services, energy and utilities, industry,
distribution and transport and the public sector. Formed in December 2002
through the merger of Logica and CMG the company has offices in 34 countries and
over 60 years of combined experience in the IT services arena. LogicaCMG is the
number two European quoted IT services company and is listed on both the London
and Amsterdam stock exchanges. More information is available from
www.logicacmg.com
About Luottokunta
Luottokunta is the leading payment card service company in Finland. Founded in
1965 Luottokunta is a co-operative credit institution jointly owned by Finnish
banks and merchants. As a Visa group member, the company is the sole issuer and
acquirer of Visa cards in Finland. Luottokunta is a dual issuer and acquirer for
Eurocard/MasterCard products as well. Luottokunta offers its member banks,
merchants and cardholders a variety of payment card related services.
Cornerstones of operations are cost-effectiveness, risk management, reliability
of the service and high technical know-how. Luottokunta is one of the pioneering
companies in the world regarding secure card payments in internet, mobile and
digi-tv environment. More information is available from www.luottokunta.fi
SOURCE LogicaCMG
CONTACT: Jennifer Peters of LogicaCMG, +44-207-446-4615, or
jennifer.peters@logicacmg.com
/Web Site: http://www.logicacmg.com
http://www.luottokunta.fi
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
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*** end of story
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