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N&TS solution promises easier EMV integration for FIs

In addition to EMV cards and card management, the N&TS Group Financial System Suite includes ATM and Web ATM management, home banking, and mobile banking.

November 3, 2015

N&TS Group Corp., a provider of EMV-enabled payment solutions, has introduced a turnkey offering designed to seamlessly integrate existing financial institution systems with next-generation EMV card technologies.

The N&TS Group Financial System Suite is fully PCI-compliant and features best-in-class native point-to-point encryption, the company said in a press release.

In addition to EMV cards and card management, the suite includes ATM and Web ATM management, home banking, and mobile banking.

"New payment technologies, while essential to reduce payment fraud and scale with global consumer behavior, are often costly and time-consuming for financial institutions to adopt," Alexander Orlando, DBA managing director of N&TS Group, said in the release.

"The N&TS Group Financial System Suite modules greatly reduce operational costs for financial institutions and even turn e-payment technology into a secure source of revenue while allowing our clients to focus on their core business and keep up with the rapid pace of an evolving market."

The company said that the modular architecture of its solution set allows FIs to take an à la carte approach to implementing the features and solutions they need. For FIs that are ready to migrate to payment technologies the N& financial system suite offers:

• ACFS for card management, with international switching, clearing, settlement, acquiring, authorization, statements, ACS enrollment, issuing, and fraud prevention
• FTFS for terminal management, including dealer stations, point-of-sale management, ATM management, payment tokenization, and fraud prevention; and
• IGFS modules with a merchant plug-in, an e-commerce gateway, Buy Now functionality, payment tokenization, and fraud prevention.

N&TS also offers cash management solutions that allows real-time monitoring of cash transactions — just like electronic payments, the company said.