Jul 27 , 2010
Home Trust selects Gemalto for EMV migration
TORONTO--Home Trust Company, the wholly-owned subsidiary of Home Capital Group Inc. (TSX: HCG) today announced that it has chosen Gemalto, the world leader in digital security, to manage Home Trust's migration from magnetic stripe credit cards to EMV (Chip and PIN) smart payment cards. Home Trust is a Canadian Visa issuer and acquirer and one of Canada's leading trust companies, focusing on consumers who typically do not meet all the lending criteria of traditional financial institutions.
"Gemalto has already provided us with the comprehensive and collaborative support that we needed to begin issuing EMV payment cards and successfully participate in the pilots in Kitchener-Waterloo, Ontario," said Gerald M. Soloway, Chief Executive Officer, Home Trust. "We are looking forward to continuing our work with Gemalto to complete our conversion to EMV technology."
Gemalto is providing microprocessor payment cards, as well as data preparation, card personalization and fulfillment at Gemalto's state-of-the-art facility in Burlington, Ontario. Gemalto's consulting service is engaged with the project providing guidance in how to interact with all members of the payments ecosystem to ensure Home Trust is prepared to meet the Canadian EMV requirements. Gemalto will also train the Home Trust team extensively on all activities associated with EMV migration.
"Gemalto is committed to working with our customers to provide the right technical solutions to meet their unique requirements," said Jack Jania, vice president and general manager, secure transactions, Gemalto North America. "We are honored to be working with Home Trust and will leverage our global EMV migration experience to ensure a smooth transition to EMV compliant cards."
Home Trust Company is the wholly-owned subsidiary of Home Capital Group Inc., a public company traded on the Toronto Stock Exchange (HCG). Home Trust is a federally regulated trust company offering deposit, residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending, Visa and payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and Quebec.
Gemalto is a world leader in digital security with 2009 annual revenues of (euro)1.65 billion, and over 10,000 employees operating out of 75 offices, with research and service centers in 41 countries.
Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work-anytime, anywhere-has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.
Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Cards (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection.