Deloitte and Barclaycard win top awards with Visa CodeSure

• Card Awards: Best Industry Innovation of the Year
• Oscards: Winner of Business and Commercial Category

The Barclaycard Commercial Visa CodeSure card has scooped two top awards recognising the technological innovation and development behind this new product.

The Card Awards 2010 recognised the card as Best Industry Innovation of the Year, while the Oscards – which acknowledge the most significant achievements in card innovation – voted it top of the Business and Commercial Cards category.

The card ensures that cardholders have the convenience of only having to carry their corporate Barclaycard, without the need to carry a separate security token or device. Barclaycard successfully completed the pilot of the CodeSure card with Deloitte employees in December 2009. The pilot enabled 157 of these employees to access their company IT system remotely via a virtual private network (VPN), using the CodeSure credit card. The card has a keypad and LCD screen embedded into it, which allows users to enter their PIN and generate a one-time use passcode. This passcode is then authenticated, in this case, by Deloitte’s VPN.

A survey of the Deloitte employees who took part in the pilot revealed that 91 per cent believed that the card uses innovative, next generation technology.

Simon Owen, Senior Partner, who leads the Information and Technology Risk Practice at Deloitte, said: “The EMUE technology enabled Visa Corporate Barclaycard offers real benefits for card issuers based on our own experience of providing staff with one time code functionality for remote access. We estimate that we could save up to 65% per user removing the need for a separate traditional token device.”

Dennis Bauer, Managing Director, Barclaycard Commercial, comments: “Since the development of this product we have received very positive feedback from Deloitte and its employees. The product is ideal for organisations combining a standard Visa corporate card with a token to enable safe and secure virtual private network access which ultimately saves them time and money.

During this year we will be talking to other organisations to hear their views on this exciting new product.”

Ends

About Barclaycard

Barclaycard, part of Barclays Global Retail Banking division, is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.

The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the UK Government. Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit.

In addition to the UK, Barclaycard operates in the United States, Europe, Africa and the Middle and Far East.

Key facts published in August 2009;

- number of UK customers: 11.9m
- number of International customers: 11.8m
- number of retailer/merchant relationships: 88,000

About Deloitte

In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk\about for a detailed description of the legal structure of DTT and its member firms.

The one time card from Visa was developed in partnership with Emue.

About Visa Europe

In Europe, there are over 360 million Visa debit, credit and commercial cards. In the 12 months ending June 2008, those cards were used to make purchases and cash withdrawals to the value of over €1.3 trillion. 11.4% of consumer spending at point of sale in Europe is with a Visa card.

Visa Europe is owned and operated by its 4,600 European member banks and was incorporated in July 2004. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive, irrevocable and perpetual licence in Europe.

As a dedicated European payment system it is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.

Visa enjoys unsurpassed acceptance around the world. In addition, Visa/PLUS is one of the world’s largest global ATM networks, offering cash access in local currency in over 170 countries.

About EMUE Technology

EMUE is leader in innovative authentication solutions for the financial services and corporate access markets. EMUE’s flagship product, the Emue Card, is a credit card with embedded keypad, display and microprocessor that is used authenticating web and telephone based transactions.

The Emue Card has won several prestigious awards including the International Card Manufacturers Association (ICMA) top honour “Judge’s Choice” Élan Award and Finextra Innovator 2009.

For more information visit: www.emue.com

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk\about for a detailed description of the legal structure of DTT and its member firms.

The information contained in this press release is correct at the time of going to press.

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