UK smart card systems outfit ID Data has won an exclusive contract to design, develop and personalise Citibank chip-and-pin debit and credit cards for the UK market.
The deal will generate additional revenues for ID Data of between £2 million to £3 million over the initial two years of the contract.
The vendor, which last week moved to acquire Dublin's CardBase Technologies, is also reporting an extension of its contract with EDS to supply chip cards for the Post Office Card Account (Poca). The contract will now run until April 2010 and the extension will generate an additional £8 million of revenue.
Poca has gained approximately 4 million users since its launch in April 2003 among recipients of Government benefits. ID Data estimates that over the life of the contract, there could be up to 19 million Poca cards in use to manage benefits and pension payments.
Peter Cox, chief executive, ID Data, says: "The extension of the Poca contract so early in the relationship rewards our performance on this important project, the UK Government's largest smart-card initiative, and could assist us in becoming a potential supplier of the proposed UK National ID Card."