ID Data renews Barclaycard contract worth £5 million
ID Data plc, the UK’s largest supplier of secure transaction systems and smart card services, today announces that Barclaycard has renewed its contract with the Company for 4.5 million smart cards supplied with UKIS chips. This contract is worth £5 million and runs until June 2002. TTi Card Technology, a joint venture company of ID Data, will be fulfilling this order.
ID Data won the original contract against international competition from the largest global suppliers in the card business. Since winning the contract, ID Data has installed a production platform that meets with all VISA and Mastercard requirements.
Barclaycard currently has in excess of 25% of the UK market for credit cards and ID Data has an estimated 38% share of the UK smart card financial market.
Peter Crook, Managing Director of Barclaycard, said: “This extension of the original contract represents a significant confirmation of the increasing importance that Barclays places on our chip card strategy and our faith in ID Data’s ability to deliver exceptional solutions. These solutions meet Barclaycard’s increasing demands to control credit and debit card fraud, as well as offering value added technology to our customer base.”
Peter Cox, CEO of both ID Data and TTi Card Technology, commented: “This renewal by a major global client is extremely gratifying not only for ID Data, but also our business partners Toshiba and Toppan in Japan. The fact that we have not only satisfied the market leader in the European credit card business, but extended the relationship is a true endorsement of the Company’s plans and capabilities.”
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For further information, please contact:
CEO, ID Data plc
Tel: +44 (0) 1536 207 000
Bankside Consultants Limited
Henry Harrison-Topham / Russell Elliott
Tel: +44 (0) 20 7444 4140
Notes to Editors:
ID Data plc:
ID Data plc is the UK’s largest supplier of secure transaction systems and smart card to the international telephony, banking, retail and secure access sectors. The Company strategy has moved from commodity products into value-added services and solutions, which has created a solid platform on which to build further growth. Clients include BT and C & W, Barclays Bank, Tesco, and Exxon Mobil. ID Data has formed agreements with major global corporations to ensure rapid market development as shown by their partnerships with Toshiba & Toppan, and Total Systems Inc. of the United States of America. ID Data has now delivered in excess of 60 million chip cards for the telephony sector. The Company was founded in 1988, and was listed on the AIM in October 2000.
Barclaycard is a division of Barclays Bank PLC and is the first and most popular UK credit card; as well as being internationally recognised and regarded.
The initial contract for Barclaycard was delivered on time by ID Data and the original migration program as well as the product supplied, surpassed the security and quality requirements in the original service level agreement.
ID Data has also been awarded the contract for the personalisation and mailing of some 1.5 million MasterCard’s prior to December for the UK operations, as well as a new contract for development that has been signed for the International division of Barclaycard.
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