June, 2008, GRG Banking has passed EMV (Europay, Master and Visa) migration test and certification organized by SMT (Société Monetique Tunisie).
SMT (Société Monetique Tunisie), the national switch of Tunisia, processes more than 70,000 ATM and point-of-sale (POS) transaction a day for 1.5 million accounts at 16 Tunisia banks. In addition, SMT is responsible for all card personalization in Tunisia.
As the largest Chinese financial self-service total solution provider, GRG’s DT-7000 series ATM have received EMV Level 2 certificates as early as 2004. In just three weeks, GRG managed to pass Level 3 and getting official certificate from SMT. Till now, GRG has deployed more than 200 DT-7000 series ATM in Tunisia, all of which are capable of processing EMV standard transaction.
EMV, a joint venture between Europay, MasterCard and Visa, produced specifications to support interoperability between integrated chip cards and various types of payment system terminals (ATMs, point-of-sale terminals, etc.) Smart cards allow for a new dimension in card security. EMV is now recognized as the worldwide reference standard for smart card technology in the financial environment, as it allows for the interoperability of smart cards among different networks and countries.