January 20, 2012

Aconite, Paymobile team up for EMV prepaid card issuance program management in Canada

TORONTO --Aconite, a UK-based provider of mobile application management and EMV transaction processing services, and Canadian technology company Paymobile have entered a partnership for the EMV Prepaid Card Issuance Program Management in Canada.

Paymobile’s prepaid programs, using Aconite’s smart card prepaid and application management platforms, will allow issuers to move to EMV prepaid card products. Furthermore, this solution provides the ability to issue and manage multiple applications such as benefits payments, public transport ticketing and other specialized prepaid card products.

Paymobile’s use of Aconite’s Prepaid Value Manager provides EMV open loop prepaid card issuance program management services to Paymobile issuer clients. Aconite Prepaid Value Manager supports the issuance, available balance and shadow/sub account management of an overall, EMV based prepaid / pre-authorized processing environment. Moreover, Aconite Prepaid Value Manager supports smart prepaid products that can be used with both online and/or offline terminals, in contact and/or contactless mode, and closed or open-loop schemes.

Aconite helps card issuers, processors, retailers, payments service providers and transit authorities minimize their EMV migration risks and maximize the return on their EMV investment. The company operates in Europe, Middle East, Africa, Asia and the Americas.

Paymobile's program management services provide solutions starting with program concept, card design, card submission approval, client portal design and development, administration management, reporting and live customer service support. Paymobile also provides advanced mobile technology enabling businesses to provide their customers a white label mobile client application with the ability to manage their card balances, transfer funds from their bank accounts by way of Interac and perform card to card funds transfers using their mobile devices.




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