29 August 2015

ACI takes SaaS route for EMV lifecycle management service

29 April 2014  |  1988 views  |  0 Source: ACI Worldwide

ACI Worldwide (ACIW), a leading international provider of electronic payment and banking systems, announced today the availability of its EMV lifecycle management solution, ACI UP Token Manager, as a Software as a Service (SaaS) offering for US debit issuers.

ACI is the first vendor to offer a SaaS-based EMV lifecycle management solution, which comes on the heels of the US debit industry recently banding together on EMV deployment decisions, particularly for debit issuers. A SaaS-based EMV lifecycle management solution will enable issuers to dynamically modify and configure parameters for customers, enabling differentiation in the marketplace.

ACI's flexible new solution offers rich business functionality, delivering peace of mind to issuers by providing the benefits of an in-house deployment for data preparation. Unlike typical outsourced offerings, this cost-effective solution provides considerable value added services, such as online access to card, chip and application data for customer support as well as the ability to provide card supplier independence.

"Our SaaS-based EMV solution gives customers greater control and flexibility over a completely outsourced solution," said Dan Heimann, Vice Chairman of the US EMV Migration Forum and Principal Solutions Consultant, ACI Worldwide. "We're giving issuing financial institutions full control over key management, data preparation and lifecycle management, as well as a foundation for the eagerly anticipated mobile EMV, which will also result in the reduction of long term costs."

"The combination of large merchant data breaches and recent debit announcements from industry players have served to re-energize the EMV migration, and many issuers are moving forward rapidly with their adoption of EMV technology," said Julie Conroy, Research Director, Aite Group. "The liability shift dates are looming and those that do not begin the migration soon will see mounting fraud as fraudsters target mag stripe-reliant cards."

ACI UP Token Manager, offered in partnership with Bell ID, is a component of ACI's integraded suite of card processing solutions. Since the mid 1990s, ACI and Bell ID have played a lead role in the enablement of EMV payments around the world.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Related company information

ACI Worldwide
Your browser is unable to support Flash files.
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Android Pay could launch this week
6323 views comments | 26 tweets | 22 linkedin
FIS opens Indian financial inclusion lab
5808 views comments | 14 tweets | 2 linkedin
SunGard system glitch causes havoc for BNY...
5633 views comments | 12 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
5263 views comments | 27 tweets | 14 linkedin
Wirecard bids for Worldpay - Bloomberg
4762 views comments | 10 tweets | 7 linkedin

Featured job

£90-110K Basic Circa £200-250K OTE NO CEILING
London

Find your next job