The addition of milling and embedding capabilities enables Fiserv to
complete the entire EMVTM card production process in house
Clients will benefit from Fiserv serving as a "one-stop-shop" for EMV
chip card needs
Fiserv offers a comprehensive EMV solution set, including card
production and personalization, transaction processing, Accel® debit
payments network and fraud mitigation
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, has expanded its card production capabilities to
include milling and embedding, enabling the company to complete the
entire EMV™ chip card production process in house and streamline the
migration to EMV chip cards for clients.
With state-of-the-art milling and embedding technology, Fiserv adds to
its extensive EMV capabilities, including card personalization,
transaction processing, real-time payments and funds access through the
Accel® debit payments network, risk management, staff and consumer
education support, and strategic guidance.
Card milling and embedding is a crucial part of the EMV chip card
production process. In order to embed the EMV chip into a plastic card,
the card must first have a cavity milled into its body to house the
chip. This process involves several steps including plastic
manufacturing, embedding, testing and initialization. An efficient,
repeatable EMV chip card milling and embedding process is essential to
ensure superior quality.
"As a leader in payments, fraud mitigation and card production, Fiserv
is committed to supporting financial institutions as they migrate to
EMV," said Jorge Diaz, president, Output Solutions, Fiserv. "Adding
milling and embedding capabilities to our already sophisticated
facilities is a strategic move that enables Fiserv to deliver a
one-stop-shop EMV solution. This is an important consideration for our
clients as they prepare for the October 2015 liability shift deadline."
By bringing the milling and embedding process in house, Fiserv clients
will benefit from a faster and more responsive solution for procuring
chip cards that are fully certified by Visa®, MasterCard®, Discover® and
American Express®. Direct alignment between the card manufacturing and
card personalization solutions will lead to a smoother EMV
implementation process for Fiserv clients.
With the experience that comes from relationships with thousands of
financial institutions, Fiserv is prepared to support the migration from
magnetic stripe to chip cards. Fiserv delivers a cost-effective,
comprehensive and integrated EMV solution through a team of experts who
understand the payments landscape and technology transformations. Fiserv
can support clients through every step of the migration process,
starting with an in-depth discovery session, including investments
required, followed by decisions regarding the chip card, the processes
to obtain EMV certification from associations, and how to educate staff
and customers. Visit www.fiserv.com/emv,
for more information.
Fiserv, Inc. (NASDAQ: FISV) enables clients to achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
business insights and optimization. For more than 30 years, Fiserv has
been a leader in financial services technology, and today is among
FORTUNE® magazine's World's Most Admired Companies and Forbes magazine's
America's Best Employers. For more information, visit www.fiserv.com.
EMV is a trademark owned by EMVCo LLC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150618005687/en/
Elizabeth McMillan, APR
Director, Public Relations
Source: Fiserv, Inc.
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