News & Views - Savantor
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Cartes Branch?

Wednesday, 01 November 2006

Amongst the flurry of product announcements which always accompanies the Cartes exhibition there were some interesting items which caught the eye.  Savantor have talked about the potential of branch issued cards for several years and this year there was clear evidence of product availability which should start to interest banks looking for innovative solutions.  These systems can offer e.g. instant card issuance to new account holders or to speed up the replacement of lost and stolen cards and can clearly provide a value add service to customers. 

Also of interest was the latest prediction from Eurosmart that Smart card vendors will ship just under 3 billion SIM, banking, ID and other microprocessor smart cards in 2007, up 20% from 2006. The organisation predicts:

  • shipments of SIM cards will grow by 19% next year to more than 2.1 billion. most of the growth in SIM shipments will continue to come from developing markets, such as China and India
  • smart cards will reach 480 million units worldwide, mostly EMV credit and debit smart cards.  This will take into account the start of renewals for the EMV cards UK banks began to issue about three years ago. Some of these renewed chip cards will carry dynamic data authentication. This will allow the UK issuers to approve more transactions offline, at the point-of-sale terminal. More substantial renewals will occur in 2008 French banks also will continue shipping DDA smart cards, which they began to issue this year
  • The fastest growth will come in ID and security cards and documents, including health cards and e-passports, which will jump for a second year in a row by at least 50%.  Eurosmart predicts the Chinese government will issue 250 million national ID cards next year, compared with 150 million such cards rolled out during 2006
  • About 20 million contactless cards will be sold next year, mainly in the United States. That's double the number of contactless cards vendors will sell to U.S. banks and credit card companies this year. While that's progress, it's also disappointing for vendors, who had expected a larger percentage of the many hundreds of millions of magnetic-stripe payment cards U.S. banks and credit card companies issue each year to go contactless next year.
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Issuer and Acquirer Transformation - Assessment and Mobilisation

"We were in urgent need of external independent expertise to supplement our internal resources. Senior consultants had to quickly integrate with a diverse team from across the bank and actively contribute. I am pleased to say that Savantor was able to deliver on our needs as well as being good people to do business with."

Lars Bostrom, Head of Cards - Nordea - Scandinavia

Moneris Solutions

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Jeff Guthri, COO - Moneris Solutions - Canada

Acquiring market insight and strategy review

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Evert R Fekkes, SVP Payment & Savings Services - Rabobank - Nederland

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Michael Liquornik, Executive Vice President - Neovia Financial - UK

Platform Selection & RFP Management

"OP-Pohjola Group has used Savantor in both acquiring and issuing for platform/service provider research, RFI/RFP processes and subsequent contract negotiations. Savantor's approach and commitment have always been very professional and transparent. They have been of great help for the company in providing us important insights and background information beyond vendors sales speeches."

Kai Lindstrom, Head of Acquiring - OP-Services Ltd - Finland

EMV Migration Planning

"It was a strategic imperative for the bank to be EMV compliant for our payment cards and the experience that Savantor brought to the company has proved to be invaluable."

Eddie Sweeney, Chief Technology Officer - AIB Bank - Ireland

Complex Multi-Country Migration

"This complex migration, undertaken simultaneously in Spain and Portugal, has been a complete success. Savantor has provided us with excellent support for over 3 years, both in the original business transformation programme and now this double migration. We value their open and honest approach to business, and of course the expertise that they bring."

Ricardo Gomez, Director, Operations & Technology - WiZink Bank – Spain & Portugal

Acquirer Risk Assessment

"The expertise provided by Savantor has greatly helped us evaluate our risk position and to take the right steps in managing our future risks. Strong, disciplined planning and an ongoing willingness to work closely with our staff played an enormous part in making this a very successful well-delivered project which will greatly help us in achieving our business goals."

Mark Healy, Chief Risk Officer - NEOVIA Financial - UK

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