20 October 2017
Register now

Aconite ships PIN management system

26 November 2012  |  1456 views  |  0 Source: Aconite

Aconite, the leading provider of card payment and mobile management solutions, announces the launch of Aconite PIN Manager - a comprehensive solution for the end-to-end lifecycle management of PINs and other digital credentials.

Many issuers and processors are finding that the constraints of their current PIN handling processes will not allow them to cut the costs and fraud risks inherent in the use of PIN Mailers, nor to meet customer demand for access to PIN services using mobile and internet channels. There is also a growing need to integrate PIN services with the management of other digital credentials across a range of devices (cards, tokens, mobiles etc.) and platforms.

Aconite PIN Manager (APM) unifies the generation, distribution and authentication of PINs across multiple card management systems and over diverse channels. APM supports both traditional PIN distribution via PIN mailers and innovative, cost-saving PIN distribution via SMS, internet banking or a combination of channels - so called 'out of band' methods. Able to manage PINs for both magnetic stripe and EMV chip cards, where control of Offline PIN change and reset via EMV Scripting is integrated, APM extends into the management of other digital credentials such as biometrics across multiple smart products, including mobiles. APM has been architected from the ground up to meet the needs of issuers and processors for a feature-rich but flexible solution that integrates easily with both existing card management and transaction processing systems - and new online services - anywhere that PIN or other credential handling or verification is needed.

Aconite PIN Manager has been selected by a major European card processor and further customers will be announced in the near future.

"Aconite has recognised the need in the market for an enterprise PIN management solution that works for issuers and service providers." said Mike Woods, Chief Executive of Aconite. "With card issuing often split across platforms, perhaps for debit and credit cards or because of processor mergers and acquisitions, there is a need to provide a unified solution with common standards and procedures to ensure consistent and secure handling of PINs. Couple this with the need to move away from expensive and insecure PIN mailers and to integrate with modern delivery mechanisms such as mobile and web-banking, and the case for a new solution becomes clear. Aconite PIN Manager delivers against those requirements and positions customers for mobile and for other types of credential."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comRegister now

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15868 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8987 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8096 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7168 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6308 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job