Central Banking

EDS, Orga win Austrian gov't smartcard contract

The Austrian government yesterday provisionally awarded a much delayed smart card contract to US-based Electronic Data Systems Corp (EDS) and German chipcard manufacturer Orga Kartensysteme. The smart cards will be issued to the approximately eight million members of Austria's national insurance scheme.

Orga is a subsidiary of German state printing office Bundesdruckerei, which was recently acquired by UK venture capital group Apax Partners. EDS and Orga were chosen unanimously by a panel of

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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