EMV Smart Card Management System With Card Life Cycle Management System

Introduction:

As the payment industry is now moving to be EMV enabled and some of them even mobilized like QR or NFC payment, more and more challenges are facing for the Magstripe transactions, it is necessary for banks/financial institutions to migrate to more secure and easier transaction method, also there are more and more countries are using 3rd party payment processors to route the transactions for saving cost.

Wisecard now offers a highly secure, flexible SmartPayment management system platform to enable the banks/financial institutions to migrate to chip based card transactions and manage the terminal and merchant in an easier way.

Technical Considerations:

★ Flexibility/Expandable:

The proposed solution forms one part of Wisecard’s multi-channel banking backend system and can be complemented with the additional modules and channels from the SmartPayment product range. Implementing the channel manager as part of the solution forms the basis of integrating the system with new delivery channels, Wisecard channels or third party channels.

★ Security:

Wisecard product solutions provide a number of secure authentication methodologies that can make sure the system high security. In addition to the authentication method the product contains a rich set of security components that combined with HSM, firewall technologies and recommended procedures ensures the whole system will have full security protection.

All Wisecard software solutions are PCI compliant and meet the security requirements from the related standards.

There is no sensitive data will be stored into the software or cache, and the data will be encrypted as well.

★ Scalability:

Wisecard solutions incorporate fully scalable architecture that enables high transaction volumes and organizational growth. Wisecard recognizes the importance of designing a scalable solution as many of our customers start by deploying traditional channels and then expand by deploying additional channels like taxi, chain store etc.

Wisecard smart card and payment solutions are proven strength, mission-critical availability, and highly scalable support for business growth make it the ideal foundation for an integrated channel strategy.

★ High Performance:

The performance of the system is governed by a number of factors including the database configuration, number of processors, available memory, disk configuration, and how the system is distribution across multiple servers. Wisecard’s professional services division will conduct a sizing exercise to determine that exact hardware configuration required to operate the smart card and payment solution within an effective multi- server environment. The recommended environment will be based on the volume of transactions and number of user’s modelled against the recommendations resulting from Wisecard's Quality Assurance and ongoing stress testing.

Customized training plan:

All staff that will participate in the project from the customer will need to be trained by our trainer. There are two parts to training:

• Foundation Training

• End User Training

ATM Management is a module for user to manage ATM machines connected to the CMS system.

It has the following sub-modules:

• ATM Registration
• ATM Overview
• ATM Parameter
• ATM Profile

This document will guide user how to manage the ATM machines in CMS system.

Company Information:

Wisecard (a WiseGroup company) is a global solution provider that has been providing innovative payment and secure solutions to financial institutions, government entities and telco operators worldwide.

Wisecard have been providing EMV smart card, EMV biometric card, EMV perso software, card issuance, EMV embossers, Smart POS machine, Android POS, POS terminals, smart banking, smart teller machine, kiosk, vending machine, biometric POS, Hardware Secure Module, mobile payment platform, private label card solution, prepaid card solution, card management system to partners in more than 60 countries worldwide. Wisecard’s product suite empower large global financial institutions and government sectors as well as small to medium sized retail banks.

Wisecard solutions are adapting to the highest and latest secure standard, and the solutions have been fully tested and certified by international test labs, like FBI, STQC, EMV, PCI DSS, PA DSS, VISA, MasterCard, China UnionPay, JCB, AmEx, Discover, RuPay and etc.

Notes: FBI, STQC, EMV, PCIDSS, PADSS, Visa, MasterCard, China UnionPay, JCB, AmEx, Discover, RuPay is a registered trademark. All trademarks referenced here are the property of the respective owners.