Banamex – Trusting MULTOS for more than 10yrs

In October, Multos International was pleased to recognize Banamex, Mexico’s largest bank, for 10 years of chip card technology partnership. Banamex began the phase over to using MULTOS technology in late 2004, taking advantage of the product’s high speed personalisation capability and the flexibility of the platform to support multiple payment brands, while still enabling the purchasing department to work with several card vendors. During that time, Banamex had three major milestones using MULTOS; first migrating their MasterCard and VISA portfolios for the chip SDA, then offering the first PayPass solution in Latin America, and now currently migrating the portfolio to DDA/CDA.

Richard Cusson, General Manager of Multos International said “We are proud to have been serving Banamex for over 10 years with our leading EMV chip technology. Our ongoing partnership with Banamex is extremely important to us and was crucial in our success and growth in the region. We are looking forward to the next 10 years working with the team at Banamex to bring secure, advanced payment solutions to Mexico.”

Mr. Alcantara, head of card issuance at Banamex, whilst receiving the award mentioned “Banamex puts a great importance on securing a long partnership with our key suppliers. This is especially critical for the chip card technology, to allow us to bring the right products to our cardholder customers, without compromising security.”