Leumi Card moves to EMV with Aconite
18 January 2006 | 6666 views | 0
The credit card arm of Israel's Bank Leumi, Leumi-Card, is deploying technology from UK smart card software vendor Aconite to support its migration to EMV.
Aconite says it will integrate its EMV Transaction Enabler and EMV Script Processor software with Leumi Card's existing VisionPlus core processing system. The interface will enable Leumi to process EMV transactions and manage customer credit risk through post-issuance scripting.
The vendor says the system will be used to support issuing and processing services for Leumi Card's direct customers, in addition to Leumi Bank's clients.
Asher Reshef, EVP of IT, Leumi Card, comments: "Leumi Card was looking for a solution for EMV risk management and script processing that could be easily integrated with our host system.
After evaluating several solutions, Leumi Card found that Aconite's EMV Transaction Enabler and EMV Script Processor are the most flexible and advanced solutions on the market."
Roll out is scheduled to begin in the first half of 2006.