
Since 2009, the Ukrainian Plastic Card Entreprise Ltd is a member of a small group of companies in the world, certified by the international payment systems VISA International and Mastercard for the production of EMV chip cards utilizing its own software.
By releasing EMV-cards with the Pectoral® chip-module in Ukraine, Plastic Card Ltd has provided domestic banks with significant market benefits:
Today, banking institutions are able to complete produce necessary arrangements for the issuance of VISA EMV smart cards directly in Ukraine, in close cooperation with the manufacturer - on a confidential basis and avoiding linguistic and technical communications problems. It reduces the new product release time and eliminates various implementation difficulties. In particular, it minimizes the developer's reaction time to the customer requirements, simplifies control over the execution of the operational tasks. The bank can order the circulation of smart cards of any quantity, thus ensuring the necessary market flexibility. The advantageous price offers is another important aspect.
New business opportunities include a development of the bank cooperation with key clients by enabling them to "layer" additional services to the mass payment system like discount and loyalty programs, prepaid services, subsidies accounting, benefits, etc.
The development of smart cards in Ukraine provides new possibilities for already implemented projects such as digital signature, social card, co-branded discount programs, etc. Banks also obtained the opportunity to quickly personalize cards for daily needs as well as for company's personalization office bulk orders.
The development of this product corresponds to the official bank instructions issued by the international payment systems regarding EMV-cards implementation, which provides:
The unique advantage of the Pectoral chip module for EMV-cards is a possibility of electronic digital signature usage developed according to the Ukrainian legislation (GSTU 4145-2002) for the "client-bank" system, as well as for electronic workflow.
The Plastic Card company based the Pectoral chip module development on the market demand for such unique product. It corresponds to the world standards but produced locally, and sensitive to local market needs. Indeed, just as the famous pectoral reflected the whole diverse world of the ancient Scythians life, the Pectoral chip module carries a new quality and new value of payment cards today reflecting all facets of a modern man financial world!