Government ID, Smart Cards, Identification and Authentication

FSS introduces EMV/smart chip program for U.S. banks

Monday, February 13, 2012

Financial Software & Systems (FSS) announced a new program - Smart Start - which aims to enable U.S. card issuers to implement smart card technology into their operations in less than four months.

The Smart Start program is a full-function EMV/smart chip life cycle management system which manages the issuance and administration required for smart card deployments. Smart Start is designed to reduce the up-front investment required to launch a major pilot, while also providing functionality for debit and prepaid cards as well.

It offers U.S.-based institutions seeking to address this market with a simple and affordable solution to the growing demand. [end] 

Bank customers are responsible for detecting fraud 82% of the time, according to Information Security Media Group’s 2012 Faces of Fraud Survey.

Banks responding to the survey reported that the three leading causes of fraud they experienced were card-not-present – 56% – data breach at a retailer or processor – 53% – and point-of-sales skimming – 47% – all root causes over which the consumer has very little control.

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Swiss-based Trüb Group, a supplier of payment cards and national identity documents, has released the third generation of its CombOS DDA for EMV compliant smart card products.

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C-SAM, a U.S.-based provider of secure mobile transactions technology, has announced a joint initiative with MasterCard to offer a white label mobile wallet solution to mobile operators, retail banks and payment providers in Asia Pacific, Middle East and Africa.

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Sensor supplier Fingerprint Cards AB (FPC) has extended its partnership with Chinese biometrics provider Miaxis Biometrics Co. LTD to deliver biometrics products to the Chinese banking sector.

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