21 October 2014

Aconite aids Greek m-payment launch

08 July 2014  |  1011 views  |  0 Source: Aconite

Aconite, the leading provider of EMV transaction processing and chip card issuing solutions, is proud to announce that its Smart EMV Manager technology been interfaced to the Visa Mobile Gateway to enable remote management of the EMV application at the heart of the Tap n Pay service - the first mobile phone application for contactless payments in the Greek market, introduced by one of Greece's leading banks together with one of the world's leading mobile network operators in partnership with Visa Europe and First Data.

First Data Hellas selected Aconite's Smart EMV Manager, which includes an EMV Scripting engine, to enable remote over-the-air management of the settings within the Visa mobile payWave EMV application installed in a custom SIM. The Aconite solution has been deployed alongside the First Data host system and linked into the Visa Mobile Gateway in order to provide this remote management capability.

Aconite solutions insulate banks and service providers from the complexity of the transition to mobile payments by making it a natural extension of their existing card issuing and management capabilities. Aconite's flexible and configurable scripting capability makes it an obvious choice for issuers and processors who need to ensure that their systems are capable of quickly changing to meet new and future scripting requirements. With Secure Element and Trusted Service Manager-based deployments in place, Aconite is now providing support for Host Card Emulation (HCE) and Tokenisation models.

"We are delighted to be supporting this innovative development in mobile payments. The flexibility and ease of integration of Aconite's solutions, coupled with our expertise in the fields of EMV payments and mobile technology, make us natural partners for card issuers and service providers moving into the mobile arena." said Patrick Regester, Aconite's EVP Sales and Marketing. "As the digital payments market starts to demand HCE and tokenisation in addition to Secure Element solutions, Aconite will continue to be at the forefront of enabling and supporting these ground-breaking technologies."

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