Morpho (Safran), a provider of identity and security solutions, has partnered with FESA Card Panama to launch a card personalization bureau in Panama.
This center has been authorised to issue MasterCard and Visa EMV cards, based on Morpho’s EMV payment technology and supporting professional services.
Under the partnership, FESA Card Panama will provide services to all banks and other financial institutions in Panama, as well as personalize EMV cards for the local financial market.
FESA Card Panama, which is an exclusive distributor of Morpho Cards, will operate the personalization bureau and commercializes the personalization services.
Additionally, Morpho will offer FESA Card Panama with up-to-date EMV payment technology including card bodies with chips from Colombia, data preparation services, data generation services and consultancy services.
As part of the alliance, Morpho has already conducted over 40 EMV implementation projects as a consultant in Panama.
FESA Card Panama managing director Edgardo Averza said: "The partnership with Morpho enables us to offer first-class EMV solutions to the market and clearly leverages our abilities to serve our clients."
Morpho senior vice president and general manager payment Paolo Villasco said: "Together, we are sending an important signal to serve the whole Central American market with outstanding and up-to-date technology supporting a complete set of EMV payment technologies and strong biometric identification and authentication solutions."