Oberthur Technologies Ready to Assist Issuers for Credit Card Act

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Apr 13, 2010, 11:03 ET

CHANTILLY, Virginia, April 13, 2010 /PRNewswire-FirstCall/ -- Oberthur Technologies, one of the largest providers of manufacturing, personalization services and secure retail-based packaging and fulfillment for network-branded prepaid cards, announced its ongoing ability to assist issuers to fulfill clients' forecasts.

The announcement was issued based on the final rules for the Credit Card Act which were published by the Federal Reserve Bank. The rules apply to any gift certificate, store gift card or general-use prepaid card sold or provided to a consumer on or after August 22, 2010.

"We understand the immense pressure the Credit Card Act has placed on issuers and program managers," said James Sufrin, vice president of sales, North America, Card Systems Division at Oberthur Technologies. "We want to make the transition as painless as possible. Our ability, as a single-source provider, allows us to handle every part of the production process - from card design, inventory management, secure packaging, bulk card shipment or fulfillment direct to card holder - within one company. Our single source offering helps maintain quality and expedite the process."

Oberthur Technologies has state-of-the-art facilities for manufacturing, personalization and fulfillment services. An ISO 9001 and 14001 certified Manufacturing Supercenter located in Exton, PA has the capacity to produce over 20 million plastic cards each month. Oberthur also has bi-coastal service centers - one in Los Angeles and the other in Chantilly, VA - that can handle card personalization, including thermal and Drop on Demand (DoD).

Oberthur Technologies' single source solution includes: Smart Design, which helps customers create eye-catching card and packaging designs; Smart Packaging, which offers the most secure j-hook packaging on the market; Smart Inventory, which manages customersâ€™ material stock levels and forecasts demand while minimizing waste and storage costs; and in-house fulfillment, which offers card and packaging distribution bulk to banks and issuers or direct to cardholder or the retailer's shelf. Oberthur Technologies can produce VISA, MasterCard, American Express and Discover- branded cards.

About Oberthur Technologies

With sales of 882 million Euros in 2008, Oberthur Technologies is a world leader in the field of secure technologies. Innovation and high quality services ensure Oberthur Technologies' strong positioning in its main target markets:

    - Card Systems: The world's second largest provider of security
      and identification based on smart card technology and associated
      services for mobile, payment, transport, digital TV and convergence
      markets.
    - Identity: Leading international supplier for the manufacture and
      personalization of secure identity documents such as passport, identity
      card, driving license or health care card - traditional and electronic
      - and associated services for both governmental and corporate markets.
    - Security printing: World's third largest private security printer
      specialized in high security for the production of banknotes, checks
      and other fiduciary documents in more than fifty countries.
    - Cash protection: World leader in the emerging market of
      intelligent systems to secure cash-in-transit and ATM.

Close to its customers, Oberthur Technologies benefits from an industrial and commercial presence across all five continents.

Oberthur Technologies S.A. is a limited liability company (societe anonyme) registered in France with its registered office at 50 quai Michelet 92 532 Levallois Perret, France. Oberthur Technologies S.A.'s corporate registration number is 340 709 534 R.C.S. Nanterre.

Website: http://www.oberthur.com

SOURCE Oberthur Technologies