Smart Payments
Whether reacting to national EMV mandates, or proactively pursuing new prepaid contactless card/token or mobile payments opportunities, Aconite’s Smart Payments portfolio helps issuers and card processors to:
- Rapidly and cost-effectively authorise EMV transactions. (EMV
Transaction Enabler)
- Improve risk management through advanced EMV scripting. (EMV Script
Processor)
- Profitably manage their card base by linking credit risk and fraud analytics to EMV card parameters through card scripting. (Risk Status Translator)
- Launch innovative prepaid, pre-authorised, contactless, mobile banking and mobile payments products into new markets.
(PrePaid Value Manager)
EMV Transaction Enabler
EMV Transaction Enabler provides a highly cost-effective, low risk, low impact solution for EMV authorisation processing for smart cards, tokens and mobile payments. EMV Transaction Enabler protects your investment in your existing issuing systems. The software sits alongside your current authorisation system to perform the EMV-specific processing, leaving the existing system to handle its normal customer and card/token/mobile validation and verification and account status and fund checks.
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EMV Script Processor
EMV Script Processor enables you to react to changes in an individual customer’s behaviour and credit standing by changing how their smart card’s, token’s or mobile’s EMV application will respond when next used. It achieves this end by generating dynamic scripts to adjust EMV parameters, delivering the scripts via your authorisation system. By giving you this degree of control, it enables you to take advantage of lower cost offline authorisation with acceptable risk. The ability to update EMV parameters delivers significant cost savings by avoiding the need to re-issue expensive smart cards or tokens when the original parameters no longer provide adequate protection. As well as reducing risk, it can improve card usage and profits.
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Risk Status Translator
Risk Status Translator helps issuers to fully exploit the risk management benefits of EMV migration by empowering them to take control of the post issuance behavior of the smart card, token or mobile based payment application. Acting as a link between fraud and risk management processes and the scripting engine, Risk Status Translator automatically converts the results of fraud and/or risk analysis into a post-issuance scripting action. This allows each customer to be individually managed with little or no manual intervention, enabling issuers to rapidly change the behavior of the payment application. As a result, Risk Status Translator provides improved control, reduces credit and fraud risk, reduces operational costs and avoids manual errors.
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PrePaid Value Manager
PrePaid Value Manager provides issuers with a fast-track, low risk, lower cost entry into the prepaid market with secure smart card, token or mobile based products. Both contact and contactless products are supported, as are scheme-branded and proprietary products. The firm spending control provided by secure prepaid and pre-authorised products makes it feasible to target new markets, such as the youth sector or unbanked. PrePaid Value Manager delivers pre-paid value management and transaction processing either as a stand-alone package or alongside existing card issuing systems. Based on the EMV standard, prepaid products processed through PrePaid Value Manager can be used at online and offline EMV enabled POS terminals; as the available balance is managed in the chip, offline purchases cannot create unauthorised debt.
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