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HomeBusinessMCT Cards & Technology honoured as Best BFSI Brand 2024 by ET Edge

MCT Cards & Technology honoured as Best BFSI Brand 2024 by ET Edge

04 April 2024: MCT Cards & Technology (P) Ltd. has been awarded the most prestigious Best BFSI Brand 2024 Award by ET Edge. This recognition is a testament to their unwavering commitment to customer excellence and innovation in the financial sector. The company thanked their amazing team and valued customer for their continued support in a social media post. With modest beginnings as the back office of Syndicate Bank in 1941, Manipal Technologies Ltd. has had a flourishing growth curve over these years, whilst expanding its repertoire of services across disparate business verticals.

Manipal Technologies Ltd. set up the plastic cards division in 2008, in a JV with Chanwanich Security Printing Company and Thomas Greg & Sons. The MCT facility is Visa, MasterCard and RuPay certified for both EMV and DI cards, and is the largest plastic cards facility in the country. Within the two years of operations they captured more than 50% of the banking Debit / Credit / Pre-paid cards market. They have also put in place infrastructure to produce smart cards and with the SCOSTA certification are now offering SIM cards and smart cards for applications like biometric identification, payment facilitation etc. The MCT facility caters to all the plastic card requirements non-mag-stripe, mag-stripe and smart card formats.

The MCT facility at Manipal is spread over 85,000 sq. ft with a Disaster Recovery Site at Mumbai. Both the facilities are equipped with machinery from redoubtable OEM suppliers like Heidelberg, Muehlbauer, Burkle, Matica, Sakurai etc. with a base card printing capacity of 300,000 cards /day. Magnetic-stripe, contact and contact-less smart card formats of plastic cards are produced by the post printing operations. The personalization division can provide card personalization by embossing, indenting, thermal printing in both color and B&W and magnetic strip and chip encoding. MCT is ISO 9001-2008 certified for its Quality Management System.

Both the Manipal and Mumbai facilities follow all security procedures and are equipped with security devices such as CCTV, PIR, Access Control, Vibration detectors; Laser beam protected fences and Round the clock manned security control room. The IT infrastructure is ISO 27001 – 2005 certified to ensure all processes for the security and confidentiality of the data are followed.

Manipal Technologies Limited has state of the art paper cards facility with all the production machines from the most well know suppliers in the field like Atlantic Zeiser Cardline, Blumer, Kora packmart etc. This facility allows them to print all sorts of paper cards like gift cards, loyalty cards, gaming cards etc. However the show stealer is the telecom recharge voucher.

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