EMV in India: Giesecke & Devrient India. Mastering Successful Implementations with G&D

Transcription

1 EMV in India: Giesecke & Devrient India Mastering Successful Implementations with

2 Agenda 1. Indian Payment Card Industry Brief overview 2. Synopsis 3. Key initiatives for EMV Issuance 4. Future Plans

3 Indian Payment Card Industry Key Statistics Primarily a Magnetic Stripe Debit Card market No. of Credit & Debit Cards 316 mio No. of Prepaid Cards 17 mio No. PoS Terminals 0.57 mio (90% EMV compliant & ready) Early movers to EMV Axis, HDFC, Citibank, ICICI, IndusInd & SBI RBI deadline of July 2013 for Banks to ensure EMV readiness RBI mandates 2-Factor Authentication on all transactions NPCI to launch EMV on D-PAS by early 2013 PSU Banks looking at consolidation - Economy of scale Thrust on contactless mode of payment paving path for NFC

4 India, Payment Card Industry EMV Drivers RBI s recommendation for implementing second factor authentication: Magnetic Stripe Card and PIN Magnetic Stripe Card and Biometric (Aadhaar Finger Print - UID) EMV Chip+PIN Future Proofing the system Actionable Timelines 1. Acquiring infrastructure should be commercially ready to accept PoS 2. PoS Infrastructure to be ready for accepting EMV Chip Cards 3. Enablement of all PoS terminals to accept debit cards with PIN 4. Issuers to be ready from technical perspective to issue EMV cards June 30, EMV Chip card and PIN to be issued to customers who have evidenced atleast one purchase using their debit/credit card in a foreign location

5 Early EMV roll-outs in India Key Players Banks Launch Credit Debit Prepaid* Axis Bank 2008 HDFC Bank** 2009 Citibank 2009 State Bank of India 2010 ICICI Bank 2011 IndusInd Bank 2011 * Primarily Travel Forex cards ** Largest portfolio of EMV Cards in India

6 Company overview - has been growing through continuous innovation Server software and services Token and embedded security Cards for payment and telecommunications Government solutions Banknote processing Banknote and security paper Banknote and security printing Global leader in secure solutions

7 Company overview - is the Partner of Choice for Commercial Banks We have a history of more than 40 years in banking chip card technology filing of the world's first smart card patent in 1968 is the partner of choice for more than 500 banks worldwide. We serve global players as well as financial institutions in many regions of the world. is one of the leading suppliers of payment products and related services as well as trusted data generation and personalization services to commercial banks actively participates in all major standardization bodies and has played a major role in defining international standards for electronic banking solutions since the very beginning offers a complete range of solutions for the banking sector with open and interoperable components that support all common smart card standards and payment schemes

8 Company overview - References of Bank Customers Worldwide

9 India Brief Overview Giesecke & Devrient India Pvt. Ltd. (100% Subsidiary of GmbH, Munich) Incorporation: 2001 Registered Office Corporate Office Delhi Gurgaon (Haryana) Development Centre Pune (Maharashtra) Perso Bureau Chennai Headcount 500+ Business Fields Banknote, Secure Devices Server,Software &Services(3S)

10 India -Banknote Division BPS 2000 Current Business Supply of BN Paper, Security Features and Quality Inspection systems to Indian BN Presses BPS 1000 Installed 50 BPS 1000 (CVPS) in RBI 10,000 currency sorting systems installed in banks, CIT companies, Forex dealers and bullion traders(total 75 customers) Servicing base with 275 engineers in towns BPS C4 BPS 200 Numeron Numeron CV BPS C1

11 India Mobile Security in India Secure Devices Complete EMV Product Portfolio EMV Issuance Project Management & Consultancy EMV Certified Personalization Bureau 3S (Server, Software, Services) Over 90% MNO on OTA Platform

12 India Development Center India (DCI), Pune Established R&D Centre in Pune in April 2006 Second largest global Development Centre, biggest out of Munich Current operations include Product and Application Development for Payment and Telecommunications. Headcount - approx. 150

13 Key Initiatives for EMV Issuance In-House Perso Model (1/7) s First inhouse EMV Personalization model Started in 2009 For one of the leading Private Banks Well Supported by the Payment Schemes s Role EMV Chip Card Supply Project Management & Technical Consulatncy Script Development & Testing Soft & Commercial Launch support Forecasting, Planning & Card Life Cycle Management support. Product : Native 4K SDA MasterCard & Visa platform Variants : 35+ Volume : Approx 2.5 Milllion EMV SDA cards issued

14 Key Initiatives for EMV Issuance Own Perso Bureau (2/7) State of art EMV Perso Bureau Location Chennai, Tamil Nadu Scheme certified Key resources in place Local engineering and technical support Ready to start commercial production Offerings EMV consultancy and complete project management Scripting and Testing Data Generation and Data Management Key Management Personalization & Fulfilment Value added Hosting Services

15 Key Initiatives for EMV Issuance Own Perso Bureau (3/7) EMV Consulting Scalable Data Transmission EMV Data Generation Key Management Data flow Card Mgt System PIN Generation EMV Data Prep Scalable Design Services Card flow OS Development Card Production Card Perso. Fulfilment Shipment Card life cycle Stock Management Tracking/Reporting Mailing options Scalable Picture Digitalization Contingency Services Facility Management PIN Letter Printing Scalable Card Reunion Postal Rate Optimization Instant Issuing 15

16 Key Initiatives for EMV Issuance Own Perso Bureau (4/7) Issuer data interface data prep ( opt.) Personalization GDIndia Cardholder Customer configuration data HTTP HTTP S SFTP FTP data interface data interface Cust. Conf. Data interface High availability communication interface Multi protocol support SFTP, HTTPS End2End encryption Specific protocols available 16

17 Key Initiatives for EMV Issuance Own Perso Bureau (5/7) Issuer data interface data prep ( opt.) Personalization GDIndia Cardholder Customer configuration data Customer data data conversion data generation data conversion data generation Customer configuration data Data Prep Data conversion from customer format into proprietary internal format Sorting and grouping of data Insertion of control data for machines Enrichment with electrical data Communication with customer configuration database to select customers individual configuration 17

18 Key Initiatives for EMV Issuance Own Perso Bureau (6/7) Issuer data interface data prep ( opt.) Personalization GDIndia Cardholder Customer configuration data Personalization site Personalize individual payment product with specific customer configuration, at the production location. Product is developed with the customer to ensure highest level of individualization using cutting edge technologies Vault Perso Fulfillment Mailing Perosnlization Perosnlization Customer and product Specific configuration 18

19 Key Initiatives for EMV Issuance Own Perso Bureau Future Plans (7/7) Centralized Online Remote Data Generation TSM TSM OTA personalization Data reception IIS Data Generation IIS In branch personalization Issuer Volume Volume FAB Personalization Plans to set up TSM data centre to support NFC roll outs.

20 - Your trusted partner for EMV Issuance OS Development Card Production Data Gen/ Initialisation & Card Perso Fulfilment Shipment Card Life Cycle Project Management & Full Business Continuity - Your Trusted Partner for EMV Issuance

21 Thank you very much for your attention