24 February 2018
visit www.ebaday.com

Navy Federal selects Proxama for EMV migration

20 May 2015  |  2223 views  |  0 Source: Proxama

Proxama PLC (AIM: PROX), the international mobile commerce Company specialising in proximity marketing and provider of end-to-end payment solutions for card issuers, proudly announces that Navy Federal Credit Union, the world’s largest credit union, has selected Proxama’s Payment Application Manager as part of their solution to migrate their portfolio of approximately four million debit cards to the EMV chip card standard.

Proxama’s Payment Application Manager is a fully-featured smart card lifecycle management system that will not only support central and instant issuance of Navy Federal’s Visa debit cards with chips containing the EMV application, but will manage the lifecycle of those cards and applications unlike entry-level data preparation systems that discard the EMV data once a card has been produced. Payment Application Manager forms the core of Proxama’s Digital Enablement Platform, which delivers a road-mapped solution from mag-stripe through EMV cards to mobile payment based on HCE and other models.

“Proxama is immensely pleased to announce its selection by Navy Federal as a strategic supplier” said Mike Woods, CEO of Proxama’s digital payments division. “With EMV migration now firmly underway in the U.S., Proxama’s unrivalled legacy of supporting EMV card issuers and processors around the world has stood us in good stead in enabling us to provide Navy Federal with a robust and future-proofed EMV solution. We look forward to a long and successful relationship with Navy Federal.”

“EMV is the next right thing to do for our members” said Molly Steele, Assistant Vice President Debit Cards. “We serve the military and their families and we’re happy to provide the added layer of security for their peace of mind.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Register for the webinarVisit https://www.capgemini.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11721 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10308 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8496 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8034 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7728 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job