Oberthur Technologies Acquires NagraID Security

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3Q 2014 | IN-1020483

A Merger to Promote Secure Online Payments

NEWS


In August 2014, Oberthur Technologies (OT), a leading provider of digital security solutions, acquired a 100% equity stake of NagraID Security SA. The financial terms of the transaction were not disclosed. Present in the payment, telecommunications, and identity markets, OT offers end-to-end solutions in the smart transactions, mobile financial services, machine-to-machine, digital identity, and transport and access control fields. Headquartered in Switzerland, NagraID Security develops powered display cards to secure access to the cloud, primarily aimed at companies operating in the field of financial payments, authentication, and identification solutions, using one-time password (OTP) or dynamic card verification value technologies. NagraID Security technology has already been deployed within some of the world’s leading banks. NagraID was also selected by MasterCard Worldwide as the technology provider to launch the world's first MasterCard display...

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