EMV - Smart Card
Support of Integrated Circuit Cards (ICC), commonly referred to as smart cards, and the Europay, MasterCard, Visa (EMV) standards that govern their use is continuing its rapid deployment around the world to supplement and eventually replace the magnetic stripe card. This solution provides financial institutions with the ability to conform to the EMV standards and to perform payment processing of smart card transactions.
Highlights
Functions:
- EMV transaction processing and switching
- ATM/POS EMV transaction acquiring
- Regional EFT network EMV support
- Visa VSDC support
- MasterCard M-Chip support
Benefits:
- Improved payment transaction integrity
- Superior cardholder authentication
- Support smart card applications
- Adherence to EMV Co. mandates
- Conformance with liability shifts
Requirements:
- u/SWITCHWARE 3.11.1 or greater
- EMV enabled ATM/POS handler
- ATM with smart card reader
- POS terminal with smart card reader
- EMV enabled EFT network interface(s)
- HSM Interface with CAM (issuer only)
Related Information