Bank Of Moscow To Test EMV With Social Card ( 2003-08-08 ) -- Anonymous

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Subject: Bank Of Moscow To Test EMV With Social Card ( 2003-08-08 )

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http://www.cardtechnology.com/cgi-bin/readstory.pl?story=20030808CTDN776.xml

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Date Posted: Saturday, August 09, 08:18:57am

Bank Of Moscow To Test EMV With Social Card

The Bank of Moscow this week launched a pilot that adds an EMV debit application to a multiapplication social benefits card used by pensioners, students and other state aid recipients.

The Moscow Social Card now delivers free or discounted fares on the Moscow Metro using a contactless transit application. It also identifies cardholders for some health services and allows them to make withdrawals and purchases from their pension or other benefits accounts, the latter with a magnetic-stripe-based debit application.

Now the bank plans to test cards with more sophisticated dual-interface chips that will combine the contactless Mifare transit application with a standardized EMV (Europay-MasterCard-Visa) debit feature. The bank plans to issue 20,000 of the dual-interface cards over the next few months for the pilot, says Visa International, whose EMV application is being used. If successful, the bank will consider whether to convert any of the more than 2 million social cards on issue that carry a Visa Electron application on the magnetic stripe. The chip could also provide a platform for other welfare services, which could attract other government agencies interested in cutting fraudulent benefit claims. Since the Moscow Metro introduced contactless cards for fare collection in 1998, fraud related to the discounted or free fares it offers pensioners and others has reportedly dropped substantially. The Moscow Metro and other government agencies are involved in the Social Card project.

Meanwhile, government officials in St. Petersburg and other cities in the Commonwealth of Independent States are interested in the concept. "They like the model being used: transit, secure payment and secure benefits," says Denny Jensen, Visa International�s senior vice president of smart card readiness and implementation

( 2003-08-08 )

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