DUBAI, UAE - ACI Worldwide, which provides enterprise e-payment solutions, is introducing modular-packaged solutions to help card issuers migrate to Europay, MasterCard and Visa international standards or enhance their existing EMV solutions.
According to a news release, ACI announced the launch at Cards Middle East 2005, the annual Middle Eastern payments and transactions summit, May 16-17.
With the January 2006 EMV compliance deadline for MasterCard SAMEA and Visa CEMEA regions fast approaching, the industry is focusing its attention on making sure its card operations meet EMV requirements.
The ACI Issuer Chip Enabler packages are modular solutions, which provide a foundation for the EMV migration process and EMV enhancement. The packages enable full chip enhancement to existing magnetic-stripe issuing systems.
The ACI Issuer Dynamic Risk Management solution provides a set of modules to enhance EMV. The solution gives the issuer the ability to change parameters for an individual card, all cards for a particular product or the whole portfolio, giving enhanced fraud monitoring and credit risk management.
"Looking at the experience ACI Worldwide brings, I believe it creates a greater level of confidence in any customer and provides them the support that will allow them to jump onto the EMV bandwagon and leapfrog others struggling with the whole process," said Anoop Ubhey, senior smart card industry analyst at Frost & Sullivan.
"With international card schemes strongly promoting the use of EMV-based smart cards, organizations that wish to implement smart card technology need reliable, easy-to-use solutions that enhance their existing infrastructure without major impact to the operation and with minimal risk," said Rainier Brueren, managing director and vice president ACI Smart Card division of ACI Worldwide (EMEA). "ACI recognizes that not all organizations will undertake their EMV migration in the same way and may also be at different stages in the migration. …Our new EMV packages provide our customers with a chip-enabled infrastructure that is open, flexible and able to grow with requirements."
