American Express Licenses Oberthur Technologies to Manufacture Clear Cards
PARIS, February 25, 2008 (www.AllPayNews.com) -- American Express and Oberthur Technologies have entered into an agreement to give Oberthur Technologies a license to produce clear payment cards for other card issuers.
American Express is the owner of numerous patents covering clear and translucent payment cards and the processes and procedures necessary for producing them. Under the patents, Oberthur Technologies is now licensed to produce payment cards that are truly clear and transparent, using the same patented technology incorporated in American Express' own card products, including Blue and Blue CashTM.
The payment market is showing an increasing interest for innovative plastic features that bring new opportunities for banks to both retain existing customers and attract new ones. In this scope, the licensing agreement with American Express is a major step for Oberthur Technologies to strengthen its value-added offer to banks.
"For Oberthur Technologies, personalization of a card's material, design and form factor is becoming a key way of differentiation. This licensing agreement with American Express for such state-of-the-art card technology is an important step forward in our ability to provide innovative products to banks," said Fr