Aconite, the leading provider of EMV and smart card software solutions and professional services, and Opengate (previously Intelliform) a South African based company focused on the supply of card products and managed services to the local payments industry, have teamed up to provide rapid and cost effective EMV compliance and chip based pre-paid applications for card issuers.
The integration of Aconite's EMV Transaction Enabler and EMV Script Processor with best of breed card management systems supplied by Opengate will enable issuers to process EMV transactions and dynamically manage a card holders' credit risk through advanced post-issuance scripting.
In addition Aconite's Smart Prepaid application enables an organization to rapidly deploy issuing and acquiring capabilities in the low value pre-payment space using contactless chip cards in markets such as transport and retail.
Patrick Regester, Senior Vice President Sales & Marketing at Aconite said "This relationship is a great fit for Aconite as it draws on the relative strengths of both organizations. Aconite is recognized as a product leader in the EMV and prepaid markets, whilst Opengate has a strong service orientation and an excellent understanding of the South Africa payments market. This is an exciting market for Aconite and the timing of the partnership is opportune. We look forward to supporting Opengate in their endeavors to establish themselves as a highly differentiated player in the SA card and payments market."
Anton Maybery CEO at Opengate said "We are very proud to be associated with a global leader with such in-depth EMV and prepaid and contactless expertise. The Aconite offering will bolster our market position, and their technology will constitute a critical component of our service based business. There is tremendous value in being able to help our customers with the challenges of the current national chip rollouts, and find ways to leverage the standards and capabilities of EMV into new verticals such as transport, education and medical, and even new regions on the back of international growth plans."