Jware Technologies, a card payment services provider, and Aconite, a provider of smart payment software systems, have announced a partnership to provide integrated, turn-key services for the issuance and management of Europay, MasterCard, Visa and prepaid card programs.
Under the partnership, the two companies said that they will make available fully packaged and integrated servcies for Europay, MasterCard, Visa (EMV) and prepaid card issuers. Jware Technologies will provide its turn-key LPay frontend and backend card system, including authorizations, fraud detection, clearing, online prepaid management, security and card management system modules. Aconite will provide its EMV migration, post-issuance scripting, risk management, prepaid and contactless services as well as its Affina Enterprise smart product management system.
Patrick Regester, executive vice president of sales and marketing at Aconite, said: Our combined package of solutions for EMV and prepaid cards will help to address many of the challenges card issuers face such as the rapid, low-cost implementation of the EMV standard and new business applications post EMV, while at the same time maintaining investment made in legacy systems and business processes. With our common payments and smart cards expertise, we can respond to the high demand for solutions that enable issuers to rapidly deploy and manage new services.
Gerard Compain, CEO of Jware Technologies, said: The potential benefits of using innovative smart card solutions are enormous. The advantage of this partnership is that issuers are provided with a one-stop approach which facilitates the rapid and economical launch of new programs in this fast-growing and attractive market segment for banks and private label card issuers.