Verisoft has been awarded an order from one of the top banks in Greece, Eurobank EFG for both the PowerEMV and InstantEMV products. This is so as to be able to start producing EMV cards in house using 10 local smartcard couplers. The Gemalto eGalleon G2 cards will be used with 250 different credit and debit products issued by the bank.
An interesting aspect of this project is the implementation of an inline EMV-Magstripe-Optical quality control check using a special camera and image recognition systems and Verisoft’s inline EMV verification system to achieve very high level of reliability and the elimination of embarrassing distribution mistakes.
Eurobank EFG was selected as “Best Bank in Greece” in the 2008 Euromoney Awards for Excellence. EFG Eurobank Ergasias is the third largest bank in Greece with more than 300 branches throughout the country.
It is part of Spiro Latsis group of companies. EFG Eurobank Ergasias is based in Athens, Greece.

Verisoft received a land mark order from the leading Kuwaiti bank BKME for both the InstantEMV and PowerEMV products.

BKME wished to start producing EMV cards in house, within 25 branches, providing Instantly Issued personalised bank cards to all new customers.
Oberthur cards will be used for the various credit and debit products issued by the bank.
An interesting aspect of this project is the implementation of distributed issuance at the branches. The customer will visit the branch, make a card request and within seconds a new card will be issued which can be used immediately.

Verisoft major undertaking in Bosnia Herzegovina is the turnkey development and provision of software and hardware systems to BAMCARD, the national switch center which is partnership of more than fifteen BiH banks such as ABS, UPI, IKB, Tuzlanska, Volksbank, Raiffeisen, CPB, and Ziraat Bosnia.

Established in 1999, BAMCARD is designed to be the processing center for debit, credit, stored value cards and network switching center for all BiH banks as well as other companies needing card services for different purposes. VISA certification process has been accomplished on February 2004.

Verisoft POWERCARDIX V2 software running on ORACLE is used for managing client and merchant accounts, issuing and accepting cards, switching transactions for POS and ATM terminals, and clearing/settlement services. POWERCARDIX is a client/server application developed with PowerBuilder GUI client side and ORACLE / C++ server side.

BAMCARD is equipped with two high speed HEWLETT PACKARD UNIX systems with FAULT TOLERANT MC/SERVICE GUARD architecture, two systems backing up each other for NON-STOP operation.

Another HP system is present for back office functions. These systems are networked over BiH TELEKOM FRAME RELAY service at 2 MBPS with ISDN backup interconnecting all banks and VERISOFT FAST ACCESS CONTROLLER DEVICE for systems are placed on the field in DIAL UP mode.

BAMCARD provides card issuing services using its DATACARD machines for all sorts of magnetic stripe and smart cards. It is also possible to produce color photo ID cards with special holographic security overlays along with banking cards.

BAMCARD has very high speed mailing machines for sending forms, letters and statements to clients and merchants.

It will provide mailing services to whoever requires such services BAMCARD will provide connection, switching and monitoring services for POS and ATM terminals providing online sale of goods and services as well as cash dispensing for both domestic card holder and international customers.

Power EMV – Central card issuance solution

Power Loyalty – EMV & loyalty card solution

Thales, a leader in information systems and communications security, today announces that it is providing BKME with an instant EMV card issuance system which allows banks’ branches to provide customers with a new Chip and PIN card within ten minutes.

The system, which Thales has demonstrated with its partners in the region over the past four years, allows customers to apply for a card and to choose their own PIN number in the branch.

The EMV Instant Issuance implementation enables BKME to lead the way not only in the Middle East but on a global scale in issuing Chip cards.

The bank is able to provide its customers with a fully personalised EMV card in the branch, reducing the cost of mailing cards and PIN’s to customers and eliminating the risk of cards being stolen or lost in transit.

It is estimated that between 20-30% of mailed credit and debit cards are never activated or rejected, incurring unnecessary costs in terms of materials, production and delivery.

The complete system brings together the technology and expertise of Thales, Verisoft, and the local Thales partner Al Nawasi. Paul Meadowcroft, head of transaction security for the Information Systems Security activities of Thales says: “The successful introduction of the instant issuance system at BKME is the result of 12 months of planning, testing and implementing appropriate processes.

We believe that we will now see other banks worldwide follow suit, especially in Saudi Arabia, where an increase in demand is evident with the SPAN domestic Debit application.”

He adds: “The implementation of instant EMV cards at BKME not only provides cost and time-saving benefits but also offers the possibility of secure instant issuance of ID and store cards in the future.”

The system has been rolled out at all 22 BKME branches in Kuwait and has been live since August 2007, working seamlessly with Thales P3 crypto modules and existing Thales HSMs purchased by the bank. The project was implemented in conjunction with Al-Nawasi, a General Trading & Contracting Company and Thales partner in Kuwait, and Verisoft, a provider of integrated software, hardware and consulting services and a Thales partner in Turkey.

The solution is based on the Microsoft.net Framework comprising web-based interactive software and uses a secure PINPAD/POS terminal for branch PIN entry.

Verisoft InstantEMV connects to any existing or any preferred card management system, or to your core banking system via one of the industry standard interfaces and exchanges required data automatically.

Verisoft InstantEMV is capable of using a wide range of computer to computer communication methods such as ISO 8583 or XML.

End to end secure system

Verisoft InstantEMV delivers data over the network with end to encrypted data packets based on SSL and with RSA / 3DES crypto algorithms.

MULTOS cards are issued with inherent PKI security as all the payload is sent encrypted from Thales P3.

JAVA and NATIVE card data is sent 3DES encrypted with RSA Key Exchange and branch embosser such as the Magtek ExpressCard 1000 is driven from central server under HSM control.

Every authorised user will be assigned a branch system access control based on a smart ID card. The system will go into production only after this card is inserted to the reader and correct PIN code is entered on the keypad.

Instant Issuance Brochure    Instant EMV Datasheet

Verisoft InstantEMV is the state of the art solution for the
instant issuance of EMV multi-application cards at branch offices.

Designed to work with your system, InstantEMV can be integrated with any card management or back office system.

InstantEMV can be used to issue any kind of chip or magnetic stripe card with payment, loyalty, healthcare, ID or e-purse applications in one pass.

It is designed to work with THALES P3 Server which is the worldwide de facto standard for EMV data preparation.

TCP/IP networking standard is used to connect the branches to a central server which communicates with P3 and your CMS to exchange data in both ways to produce customer’s card in a few seconds.

Key Features

• Instant Issuing
• Java Open Platform cards
• Multos Multi-application cards
• Supports all leading native cards
• Web based branch system
• TCP/IP Networking
• Microsoft .NET platform
• Simple workflow and operation
• Reduced operational costs
• No mailing or distribution costs
• Customers select their own PIN
• Connects to your existing CMS
• Supports Magtek ExpressCard 1000
• EMV + Loyalty + ePurse + Health
• Colour photo ID cards
• Advanced crypto security
• Smart Card Life Cycle Management
• Supports Contactless Cards

more about Verisoft InstantEMV…