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Oberthur Technologies says it has signed a deal to sell chip cards in Colombia. The France-based card vendor says it signed the partnership deal with Dyetron S.A., a Colombian firm that operates a local card-personalization center. The two companies plan to sell cards that support the global EMV smart card antifraud application. Financial authorities in Colombia have imposed a deadline of 1 Jan. 2010 for merchants and issuers to migrate to EMV, widely credited around the world with reducing fraud. After the deadline, liability for fraud will shift to merchants and issuers that continue to rely on magnetic stripe cards. Brazil and Mexico, along with Canada, are among the leaders in the Americas in moving toward EMV.
