Financial Software & Systems (FSS), a world leader in electronic payments, announced today a new program, labeled "Smart Start", which will enable US card issuers to quickly and affordably implement smart card technology into their operations in less than 4 months.
The Smart Start program is a full-function chip life cycle management system which manages the issuance and administration required for successful smart card deployments. Current FSS Card Management customers have already leveraged this technology to manage millions of cards today. With an increasing number of US banking customers travelling abroad, the need to access funds from an ATM or POS device requiring chip technology is increasing daily. Most of the global market has adopted chip-based technology and now US-based institutions are seeking to address this market for a simple and affordable solution to growing demand.
Brian Miller, FSS VP of North America Operations, stated "Smart Start will significantly reduce the up-front investment required to launch a major pilot for their clients requesting chip technology, while also providing functionality for debit and prepaid cards as well. Smart Start addresses the immediate need of many banks to offer a cost-effective solution to their growing chip requirements while ensuring a growth path for future card portfolio expansion."