Middle-East based Visa Jordan Card Services member banks can now accept EMV (Europay, MasterCard and Visa International) enabled transactions at point of sale (PoS).
VJCS contracted with Nomad Software for its Cortex product to migrate PoS machines in Jordan to EMV compliance without work having to be done on each bank separately.
Under a Visa and MasterCard mandate, all banks must adopt the EMV standards for acquiring or processing of card payments at PoS by 2002.
Radwan Darwish, general manager, VJCS says: "Cortex not only permits an EMV chip acquiring and switching solution but also allows further evolution to embrace, for example, multi-application services such as electronic banking or loyalty schemes."
VJCS is currently in discussion with Nomad for smart card acquiring.