Thames Card Technology (TCT) has been selected as the sole supplier for the production, personalisation and distribution of one million EMV chip payment cards for Ghana Commercial Bank (GCB).
EMV is a global standard for credit and debit payment cards based on secure chip technology.
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The contract, which was awarded after a competitive tender process, will also see Thames offer its range of consultancy services to support GCB in its transfer to EMV over the coming three years.
Thames will manufacture nine types of EMV cards for GCB – ‘standard’, ‘gold’, ‘corporate’ and ‘private’ for both MasterCard and Visa customers, along with a private label card, ‘Ready Cash’.
In addition, Thames will work together with GCB and its processor, International Card Processing Services (ICPS), in order to streamline integration with international payment systems.
GCB’s latest move to install its first commercial EMV products comes in anticipation of an October 2015 mandate from MasterCard and Visa for all Ghanaian banks to migrate to dynamic data authentication (DDA) capable cards.
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By GlobalDataSpeaking about the deal, GCB CTO, Samuel Sarpong, said EMV migration DDA mandates have been set for 2015 and Thames Card Technology will be central to the bank’s success in meeting these deadlines.
"Thames’ full service offering, technical expertise and international experience of taking customers through EMV migration made it the ideal partner to help us deliver added payment security to our two million account holders," Sarpong added.
