ContactlessNews | ACI launches card issuing solution for EMV, contactless

Thursday, October 13, 2011

Payment systems provider ACI Worldwide has launched ACI Issuer 4.2, a new solution geared toward meeting card issuing requirements around the world.

ACI Issuer 4.2 is built on ACI’s BASE24–eps and BASE24 payments engines and features support for EMV, NFC, contactless and mobile rollouts, as well as traditional magnetic stripe.

ACI Issuer, which has been used to issue and manage more than a hundred million cards worldwide, supports the complete life cycle of back office processing, including setting up card product terms and conditions, opening accounts, issue and re-issue of plastics, account management, transaction management and customer service.

According to ACI, the solution is built to support some of the largest card bases in the world, with one customer, Bank of China, approaching 50 million cardholders and still growing.

Other features of Issuer 4.2 include support for debit, credit, pre-paid or commercial accounts from a single platform, and full multi-currency, multi-institution and multi-language capabilities.

HSBC starts roll out of contactless bank cards

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

CIBC, Rogers to launch Canada's first mobile wallet

The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones.

OTI to deliver 30,000 NFC readers in the U.S.

On Track Innovations (OTI) has received an order for 30,000 of its NFC and contactless payment readers for deployment in the U.S.

OTI did not reveal who will receive the readers, but assured that the devices would be used to support the migration towards contactless payments and NFC in the U.S.

Saudi bank deploys Gemalto banking cards

Al Bilad Bank, a Shariah-based financial organization in Saudi Arabia, has deployed Gemalto’s Dexxis Instant Issuance solution for EMV payment cards in more than 120 bank branches. With this system, Al Bilad can issue up to 2,000 EMV DDA high-end security smart cards a day.

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