Fime Asia has confirmed that Gemalto’s new dual-interface payment cards comply with the security standards of Bankers Association of the Republic of China standards (BAROC), before being introduced into the Taiwanese market.
The newly-issued FISC II ATM product, which is now capable of resisting a potential fraud, has been designed to deliver both contact and contactless payment capabilities to issuing banks in Taiwan.
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Fime Asia and security evaluation laboratory, CEA/Leti are accredited by BAROC to perform the security evaluation of smartcard-based payment instruments to Security requirements of BAROC for financial chip card approval and implementation version 2.0.
Both Fime Asia and CEA/Leti also partnered to confirm compliance of the new product to the Taiwanese payment system, People’s Bank of China, as well as MasterCard and Visa.
Gemalto Greater China and Korea President, Suzanne Tong-Li, said: “Having supported the Taiwanese market with our Optelio payment card for a number of years, it is important for us to now also complete our compliance process on our dual-interface Optelio cards.
“With EMV migration achieving high adoption across the country, this new offering brings even more options to issuing banks and their customers, while maintaining the highest levels of security.”
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