By Anil Sharma
, a major player in digital security, will reportedly deploy
its Dexxis Instant Issuance solution in Indonesia to enable on-the-spot delivery of secure microprocessor–based banking cards.
According to the company, the Dexxis solution offer includes EMV smart cards, servers, software, printers, and training to deploy the solution over a secure TCP/IP trusted network in the banking and retail environment.
Company officials aid that by using fingerprint biometric authentication from the software inside the chip, the smart cards provide a higher level of security to the cardholder and the issuer. The card can store various types of secure banking services such as an e-purse, prepaid data, deposit remittances, savings and loans, as well as financial and health insurance.
The company said the card also serves as an electronic statement, logging up to 150 transactions, to help cardholders and financial institutions keep track of account activity with greater ease and eliminating the need for paper statements.
“This is an exciting period for the microfinance sector in Indonesia with the introduction of smart card technology,” said A. Putranto, CEO and president of SAI (News
), in a statement. “Gemalto brings a wealth of experience in digital security solutions for the financial sector and together, we can improve the lives of many by offering them simplified access and greater security in their daily activities.”
Tan Teck Lee, president, Gemalto Asia, said that this instant issuance model makes it possible to efficiently serve a widely dispersed population of unbanked consumers.
“In addition, it is more cost-effective and simpler than trying to deliver individual personalized cards by mail, especially when you consider that many of the unbanked don’t have a postal address or effective postal service,” Lee said in a statement.
Lee said that the company is delighted that Indonesian consumers will now have better access to financial services with the microfinance solution, delivered through the partner SAI.Anil Sharma is a contributing editor for TMCnet. To read more of Anil’s articles, please visit his columnist page.
Edited by Amy Tierney