20 August 2014

Aconite PIN Manager goes live at Nordic payments processor Nets

13 January 2014  |  502 views  |  0 Source: Aconite

Aconite, supplier of smart card issuing and processing solutions to card issuers and processors globally, is delighted to announce the go-live of Aconite PIN Manager at Nets, the leading card payments processor in the Nordic region of Europe, whose clients include over 260 banks and who issue over 18 million cards.

Nets needed a PIN management solution that would deliver improved customer service and cost savings to their card-issuing clients. Aconite PIN Manager enables competitive differentiation by moving away from the more expensive and risk-prone paper PIN mailers to secure electronic PIN delivery methods. Nets also wanted to simplify operational management, ease compliance and reduce complexity. Aconite PIN Manager meets all of these needs by replacing several legacy PIN systems with one, flexible, centrally managed facility.

Aconite PIN Manager is a highly secure PIN management system that delivers a range of features that can be combined or implemented individually to meet specific organisational requirements and priorities. The features of Aconite PIN Manager include electronic PIN delivery, PIN generation, secure PIN storage, PIN verification and synchronisation of EMV Offline PIN across cards and hosts. Aconite PIN Manager is PCI-compliant, follows international standards and meets the requirements of the major card schemes for PIN capture, storage and delivery. An important benefit for cardholders is the ability to pre-select their PIN online, before their card is issued, allowing consumers to manage their own credentials and reducing the number of post-issuance changes.

Rob Macmillan, Operations Director at Aconite commented: "Aconite is proud to extend its relationship with Nets to provide this ground-breaking PIN management solution. Aconite PIN Manager has been built from the ground up to take PIN management into the digital, connected world where customers are demanding online and mobile methods of accessing their accounts and managing their credentials. Aconite PIN Manager will support NETS in their current and future PIN and credential management needs, supporting the capture, storage and distribution of PINs, passcodes and biometrics for cards, mobiles and ID.

Mikko Pilkama, Nets Senior Vice President, Issuing Services, said "We are always looking for ways to help our card issuing customers be more successful. To do so we need to invest in new systems that provide additional capabilities and improve efficiencies. With our selection of Aconite we are able to do just that. They have proved to be a great partner -very collaborative and experts in this specialist field".

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