FIME and Barnes’ joint personalization validation tool meets latest Mastercard PVT qualification requirements

by PaymentsJournal 0

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The tool greatlyaccelerates time to market for EMV chip cards and NFC smartphones and wearables

May03, 2017FIME and BarnesInternational today announce that their jointly-developedpersonalization validation tool (PVT) has been qualified against the latestMastercard PVT requirements,version 10.1 (Release 2017-1). FIME believes that the PVT significantlyaccelerates the certification and launch of secure chip products, for issuers,card manufacturers and personalization bureaus. These products include contact,contactless and dual interface EMV® cards, as wellas near field communication (NFC) and contactless-enabled solutions such assmartphones and wearable devices.

“EMVmigration continues to accelerate worldwide, driven by increasing demand foradvanced mobile and contactless payment solutions,” comments Guillaume Labendzki,Vice President Marketing at FIME. “In my opinion the qualification of ourPersevalPro tool against Mastercard PVT Requirements allows issuers to ensuretheir product is compliant throughout the development process. This paves theway for a smooth, cost-effective route to market for their solutions.”

“Emergingtechnologies are contributing to an increasingly complex payments ecosystem,”adds Brian Summerhayes, Managing Director at Barnes International. “I believethat our strong and enduring partnership with Mastercard means clients spanningthe globe can use our tool to deliver fast, secure, and interoperable paymentsolutions to consumers.”

Barnes and FIMEhave combined their expertise since 2011 to qualify their co-developedPersonalization Validation Tool, the FIME PersevalPro Issuertool, against the Mastercard PVT Requirements.

FIME is theimplementation partner of choice for the financial services sector and isaccredited by major international and domestic payment brands for cardpersonalization validation services. Issuers can also benefit from dedicated training programs, whichequip attendees with the skills and knowledge to consistently deliversuccessful projects within the shifting payments landscape.

* EMV is aregistered trademark in the U.S. and other countries, and is an unregisteredtrademark in other countries, owned by EMVCo.