Chase Selects Gemalto for Trusted Service Management

Chase expands business relationship with Gemalto to include its
enterprise-wide mobile payments platform

27/02/2012 — WILMINGTON, Del. — (BUSINESS WIRE)

Chase
(NYSE: JPM) announced today that it has selected Gemalto
(Euronext NL0000400653 GTO), a leader in digital security, to provide
its Trusted Service Management (TSM) solution for Chase’s
enterprise-wide mobile payments platform. Gemalto’s TSM will provision
and manage the credit and debit card data of Chase customers, validating
authenticity and supporting information delivery over the air. The Isis™
mobile wallet, developed through a joint venture between AT&T Mobility,
T-Mobile USA and Verizon Wireless, will be the first to benefit from
this partnership.

“We have had a long and successful business relationship with Gemalto
issuing traditional and contactless payment cards,” said Jack
Stephenson, director of mobile, e-commerce and payments, Chase. “We are
pleased to expand this partnership to include mobile payment. Gemalto
will help us offer our customers effortless and secure mobile
transactions.”

As part of the agreement, Gemalto will perform issuance, personalization
and lifecycle management. With the TSM infrastructure integrated into
Chase’s mobile payments platform, Chase will be able to load a digital
version of a customer’s payment card into the customer’s mobile wallet
in real-time. The customer will then be able to make transactions at
Near Field Communication (NFC) enabled physical Points of Sale (POS) by
simply tapping their mobile phone against the POS terminal.

“Contactless Near-Field Communications (NFC) technology has turned the
handset into a versatile electronic wallet, such that users can now
access a wide range of services like payment, ticketing and loyalty
programs using their phone,” said Jack Jania, senior vice president,
Secure Transactions at Gemalto. “In our role as a TSM we are pleased to
be providing the technology that will enable Chase card customers to
securely download all their cards into their mobile phones.”

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital
security with 2010 annual revenues of ˆ1.9 billion and over 10,000
employees operating out of 87 offices and 13 Research & Development
centers in 45 countries. Gemalto is the world leader for electronic
passports and identity cards, two-factor authentication devices for
online protection, smart credit/debit and contactless payment cards, as
well as subscriber identification modules (SIM) and universal integrated
circuit cards (UICC) in mobile phones. Also, in the emerging
machine-to-machine applications Gemalto is a leading supplier of
wireless modules and machine identification modules (MIM). To operate
these solutions and remotely manage the software and confidential data
contained in the secure devices Gemalto also provides server platforms,
consulting, training, and managed services to help its customers achieve
their goals. [For more information visit www.gemalto.com,
www.justaskgemalto.com,
blog.gemalto.com,
or follow @gemalto
on Twitter.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan
Chase & Co. (NYSE: JPM), a leading global financial services firm with
assets of $2.3 trillion and operations in more than 60 countries. Chase
serves consumers and small businesses through 5,200 bank branches,
16,200 ATMs, mortgage offices, and online and mobile banking as well as
through relationships with auto dealerships and schools and
universities. Chase also has issued more than 90 million credit cards.
More information about Chase is available at www.chase.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50181970&lang=en

CONTACT:

Chase Card Services
Laura L. Rossi, Communication and Public Affairs
302-282-4839
Laura.L.Rossi@chase.com
or
Gemalto
Jessi
Marshall, Marketing Communications
512-257-3902
Jessi.Marshall@gemalto.com

KEYWORDS: United States Europe North America Delaware

INDUSTRY KEYWORDS: Technology Data Management Software Security Mobile/Wireless Professional Services Banking Finance

MEDIA:

Graphic

http://www.gemalto.com

Logo