Aconite, a leading provider of software and consulting services for managing business applications on chips in smart cards, tokens or mobiles, today announced that its consultancy practice has been awarded MasterCard accreditation.
Aconite is one of the first companies to achieve this accreditation, which allows them to deliver certified quality business and technical guidance to MasterCard acquirers and issuers during the implementation phase of their Chip & PIN (EMV) migration program.
The accreditation program was launched late last year by MasterCard to make high quality, competitive smart card consultancy services available to its member banks. The availability of such services is particularly relevant in Europe for member banks who are mandated to adopt the EMV standard as part of the Single European Payments Area (SEPA) Card Framework by the end of 2010, but who simply do not have the time, skills or resources to develop the extensive chip expertise in-house to meet the SEPA deadline. Through the program, MasterCard will recommend the services delivered by accredited consultancies to its member banks.
"All parties in the value chain benefit from the accreditation program" comments Christian Delporte, Head of Product Development at MasterCard Chip Center of Excellence. Delporte adds "The program enables MasterCard to make expert technical and business support available to its customers as they hurry to migrate their cards from magnetic stripe to Chip & PIN to meet the 2010 deadline. For Aconite, the benefits come from knowledge transfer from MasterCard's CCoE and of course the opportunities they will get to work with MasterCard customers".
Aconite is well-placed to assist MasterCard members; its team of consultants has been engaged in the migration of chip technology since the first pilot of chip cards in the UK in 1993. As a result, the company has developed a comprehensive program of consulting services specifically targeting the needs of card issuers globally that are entering or furthering their commitment in the smart card world.
As part of the accreditation process, Aconite successfully demonstrated its experience in delivering both generi generic chip and MasterCard M/Chip-specific consulting and provided evidence that each member of the Aconite consulting team had extensive experience in supporting chip implementations. All Aconite collateral was reviewed by MasterCard along with references from several MasterCard banks relating to successful prior projects to confirm Aconite could meet or exceed the required level of chip guidance to support MasterCard banks.
David Worthington, Head of Consulting at Aconite said, "This accreditation is both an endorsement of the breadth, depth and quality of our EMV knowledge and the ability of our consulting team to expertly guide MasterCard banks through the implementation of their EMV migration program. Collectively, the Aconite consulting team has assisted, or personally been responsible for, the migration program within banks, payment processors, national switches and monetary authorities. I am confident that MasterCard customers will benefit greatly from their expertise and as a result will successfully meet the SEPA mandate".