Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

Gemalto corrects German bank card incident

Gemalto : 15 January, 2010  (Company News)
Working with German banking authorities, Gemalto has developed a secure procedure for operating securely with affected cards
Following its statement of January 6, 2010 related to the German payment cards, Gemalto confirms that it has provided a secure procedure to its customers in Germany to address the situation. The secure solution was timely verified and approved by the German banking authorities on January 7 as keeping the concerned EC cards and credit cards fully compliant with the German card banking system.

Olivier Piou, Gemalto CEO added: "This is a regrettable incident, and we are doing everything in our power to support our banking customers in resuming full normal operations. We worked with them hand-in-hand to create a strong secure software solution that enables our customers to resolve the problem of the concerned cards without reissuing these cards. All along we kept at heart to consistently maintain a high level of security for our customers and the German cardholders."

Pursuant to IAS 37, Gemalto will book a special provision to cover the potential consequences related to this event. This exceptional charge, of an amount estimated in the range of 6 to 10 million euros, will be booked as part of 2009 results, modifying accordingly Gemalto's expectation of around 180 million euros adjusted EBIT for the year by the same amount.

Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo