EMV Adds Complexity to Card Issuance

Bolstering the security of financial transaction cards has been an ongoing process since they were first issued in the 1960’s. The latest round of improved security is called EMV and it has been implemented in Europe, Canada and other countries worldwide. EMV stands for Europay, MasterCard and Visa, the original developers of this IC card security standard. EMVCo, owned by American Express, JCB, MasterCard and Visa, manages, maintains and enhances the EMV specifications to assure global interoperability. This specification defines the requirements for payment cards, point of sale terminals and ATM’s.

Adding EMV capability to improve transaction security comes with a price as a new set of requirements is added to the card issuance process. The card personalization process for EMV involves sophisticated data preparation and key management tasks that are new and additive to the present magnetic stripe card issuance process.

Prime Factors’ Bank Card Security System (BCSS) shields you from the complexity of EMV card issuance, making it feasible to bring EMV data preparation in-house. Many issuers have shied away from EMV smart card issuance due to its complexity compared to magnetic stripe card issuance.

As a result issuers have outsourced EMV data preparation and key management to third-party bureaus, thereby relying on others to keep secure their most valuable assets – cardholder data and associated keys.

BCSS gives you control of your cardholder data and keys. It lets you maintain or bring EMV data preparation in-house by simplifying the complexity associated with data preparation and key management. BCSS data preparation for EMV is as familiar and routine as magnetic stripe card issuance is today and delivers a highly flexible output file that any card personalization system can interpret for processing.


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