Card, Transaction and PIN Management for Secure Payments

We specialize in secure card payments that use the EMV® global standard for chip card transactions. Aconite Technology products form critical components of an EMV card management and transaction processing platform that:

  • create the data for issuing smart cards and manage their lifecycles after issuance

  • prevent fraud by authenticating cards and transaction data during authorization processing

  • reduce bad debt by implementing dynamic risk management

  • improve security and customer service by securely setting, distributing and changing PINs electronically.

Explore each of the areas below for a more detailed look at the EMV ecosystem and the specific functions that the Aconite Technology products deliver:

 

Card Issuance

When payment cards are personalized, the cardholder data (card number, cardholder name, expiry date etc.) is embossed or printed onto the plastic, the magnetic stripe is encoded and the security code (CVV or CVC) is printed into the signature strip. But for EMV smart cards, the chip embedded in the card plastic must be injected with cardholder, account and security data which has been created by a smart card management system as an extra step in the card ordering workflow. A whole raft of additional security surrounds that process. Click below to learn more.

 

Transaction Authorization

Cardholders can transact at merchants and ATMs because the issuing bank and the merchant or ATM operator use the same payment scheme, and because both trust the payment scheme and their respective banks to regulate and guarantee the flow of funds between cardholder and merchant or ATM owner.
Systems for authorizing transactions make this all happen seamlessly while authenticating cards and transaction data and applying dynamic risk management to reduce fraud and bad debt.
Click below to learn more.

 

ePIN Management

The whole world – including banking – is going digital and we can get pretty much everything electronically on our device of choice (mobile, tablet, laptop, etc.). Why wait for the PIN in the mail, or change it by phone, when we can do it online or in an app? By using digital channel banking for PIN capture and distribution, issuers can cut costs, eliminate the risk of PIN Mailer interception and reduce delays in card activation – whether for credit, debit, prepaid, fleet cards or loyalty cards.
Click below to learn more.
 

Download a summary of Aconite Technology products and benefits here