Morpho and FESA Card Panama strengthen partnership by establishing EMV-certified personalization bureau
Paris, April 30, 2015
Morpho (Safran), world leader in identity and security solutions, has established with partner FESA Card Panama a personalization bureau in Panama. This center is certified to issue MasterCard and Visa EMV cards, based on Morpho's extensive EMV* payment technology and supporting professional services.
FESA Card Panama, exclusive distributor of Morpho Cards, is now able to offer services to all banks and other financial institutions in Panama, as well as personalize EMV (Europay International, MasterCard, Visa) cards for the local financial market, which is rapidly migrating to EMV payment technology. Located in Panama City, FESA Card Panama operates the personalization bureau and commercializes the personalization services. Morpho provides FESA Card Panama with up-to-date EMV payment technology including card bodies with chips from Colombia, data preparation services, data generation services and consultancy services. As an important part of this close cooperation, Morpho has already conducted more than 40 EMV implementation projects as a consultant in Panama.
"FESA Card Panama recognizes the business and application possibilities created through the strongly prevailing EMV payment technology. We are very happy to benefit from Morpho's extensive global experience in the EMV payment area. The partnership with Morpho enables us to offer first-class EMV solutions to the market and clearly leverages our abilities to serve our clients," explained Edgardo Averza, Managing Director of FESA Card Panama.
Paolo Villasco, Senior Vice President and General Manager Payment at Morpho, said: "The inauguration of the new personalization bureau confirms the close partnership between Morpho and FESA Card Panama and consolidates our strong position in the Panamanian market. Together, we are sending an important signal to serve the whole Central American market with outstanding and up-to-date technology supporting a complete set of EMV payment technologies and strong biometric identification and authentication solutions."
* EMV : Europay Mastercard Visa
About FESA Card
FESA, Formas Eficientes, S.A., established in Panama in 1972, is the leader in the payment systems market. With two production facilities, the company employs more than 180 people and reported revenues of 12 million USD in 2014. FESA is widely recognized in the financial and government sectors for its portfolio in services and technology solutions, E-Business, Scanning and RFID, Documents and Printing Services, Payment Systems and Supplies and Logistics Services. FESA CARD PANAMA is a FESA subsidiary whose business is the operation of the personalization bureau for EMV financial cards.