Christchurch-based Security Plastics, awarded a “level one” pass by Mondex International for its SPECtrum card software, hopes Mondex’s Multos multi-application format will break the delays in smartcard introduction when it is launched later this year.
A division of Wilson & Horton Print, Security Plastics claims to be the leading card producer for the New Zealand banking industry. “We’ve been working on the smartcard software for over 12 months now,” says chief executive John Geldard, “and although the banks are interested, they’re delaying going ahead. It’s hard to put together a business case for just an electronic purse but the multi-application card will carry all sorts — loyalty points, travel details, medical insurance, that sort of thing.”
Geldard says he has had to recognise that the company won’t reach its budget this year, because of the delays, and might see the situation continue next year. “It’s a time of development, I suppose,” he says, “with the banks delaying their forecasts, and therefore ours. But once Multos comes out it won’t necessarily be the banks driving things any more; it’s got so many advantages to so many people.”
Geldard doesn’t expect, however, to see the often-predicted “one-card” wallet get rid of all our plastic. “There are too many people wanting to put their advertising on the cards, so I can’t see it happening.”
Security Plastics says it exports to customers in 15 countries.