ID Data plc has won a four-year contract with its joint venture company TTi to supply EMV cards and personalisation services to EDS for the Post Office™ card account. The card production and personalisation for this multi-million pound contract is being handled by ID Data Systems.
TTi is a leading supplier and specialises in delivering EMV (Europay, MasterCard and Visa) payment solutions. To date TTi has delivered over nine million EMV smart cards and provides consultancy to many UK and international banks as well as software solutions for back office operations to enable card issuance.
The Post Office™ card account is offered as part of its universal banking service that will enable customers to continue collecting benefits in cash at local branches from April 2003. EDS won an outline eight-year contract to develop and support the card account at the Post Office™ and is providing the card, account administration and customer support services. TTI and EDS have the option to extend this contract beyond this initial four-year period.
The Government will begin to pay all benefits directly into bank accounts from April 2003. These accounts will use PIN (personal identification number) technology at the counter and the card is based on the EMV standard for debit card transactions.
Commenting on the Post Office™ contract win, Peter Cox, CEO of ID Data plc said: “This is a high profile account and we faced stiff competition in order to win it. Both ID Data and TTi are extremely pleased to be working with EDS and the Post Office™ on this project.”
Shaun Eardley, Managing Director of TTi Card, added: “TTi won this business by showing significant proven capability and commitment and we are excited to be a part of this major UK wide infrastructure programme.”
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For further information, please contact:
ID Data plc,
Peter Cox, CEO,
Email: firstname.lastname@example.org, Tel: +44 (0) 1536 207 000
TTi Card Technology Europe Limited,
Shaun Eardley, Managing Director,
Email: email@example.com, Tel: +44 (024) 76650145
Bankside Consultants Limited,
Henry Harrison-Topham / Russell Elliott,
Email: firstname.lastname@example.org, Tel: +44 (0) 20 7444 4141
Notes to Editors:
The Post Office offers a range of products and services through its unique network of over 17,500 branches, more than all the major banks and building societies combined. More than 28 million customers visit a Post Office branch each week, including nearly 15 million benefit claimants. Nine out of ten people live within a mile of a Post Office branch. The Post Office and the Post Office symbol are registered trademarks of Post Office Limited.
EDS was founded as Electronic Data Systems in 1962 and is the leading global information technology services company. The Company provides the right strategies, solutions, services, and products for the client. The company employs more than 140,000 in 60 countries and has more than 9,000 global customers.
ID Data plc:
ID Data plc ("ID Data") is the world’s sixth largest supplier of secure transaction systems and smart card services to the international telephony, banking, retail and secure access sectors. The Company’s strategy, to move from commodity products to value-added services and solutions, has created a solid platform on which to build further growth. The Company’s clients include BT and Cable & Wireless, Barclays Bank, Tesco, and Exxon Mobil. ID Data has formed agreements with major global corporations to facilitate rapid market development including partnerships with Toshiba and Toppan. The Company has delivered in excess of 7 million chip cards to the banking market in the UK, giving it an estimated 32% market share after less than 18 months. The Company was founded in 1988 and was listed on the AIM in October 2000.
TTi Card Technology Ltd.:
TTi is an Anglo-Japanese joint venture company set up by Toshiba, Toppan of Japan and ID Data of the UK. Toshiba will supply the silicon, the card operating systems and application development, Toppan will provide magnetic and IC card manufacturing, bureau services and application development and ID Data will provide, manufacture of both magnetic and IC cards, as well as card fulfilment services in the UK and EMEA. TTi is dedicated to the financial sector.
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