Thames Card Technology has signed a three-year agreement with SIS Software and Services Serbia (SIS) to manufacture EMV Dynamic Data Authentication (DDA) chip payment cards for the Serbian bank, Komercijalna banka AD Beograd.
Under the deal, Thames will produce a range of stock cards with over 10 designs including prepaid, contact DDA and dual interface as well as magnetic stripe gift cards.
The partnership will see SIS performing the card personalisation and fulfilment following the issuance of the cards.
Komercijalna banka AD Beograd director department for payment cards development and customer relations Slobodan Lukic said: "Working with Thames Card Technology and SIS gave us piece of mind that our customers would benefit from the enhanced security which comes with the DDA chip payment technology."
Thames Card Technology managing director Paul Underwood said: "The remuneration label attention is in duration of critical expansion right opposite Eastern Europe, driven predominately by DDA chip remuneration and twin interface technologies.
"According to the Association of Serbian Banks, there are between five and six million Serbian remuneration cards in circulation, so this understanding will have a large and certain impact on cardholders locally."