SAN FRANCISCO, Nov. 24, 2014 (GLOBE NEWSWIRE) -- EMV® chip testing providers, Barnes International and FIME, have announced that their latest jointly developed card personalization validation (CPV) test tool has been qualified by MasterCard. The test tool makes it easier for banks, card manufacturers and personalization bureaus to confidently test that a product meets MasterCard's EMV chip standard prior to applying for the formal CPV approval service.
The testing tool will be of particular interest to the U.S.-based payment community, as the U.S. prepares its existing systems and processes for the market's adoption of EMV technology by October 2015.
"CPV is an important part of the EMV chip card issuance process," explained Vincent Poty, head of strategy and corporate development at FIME. "In the U.S., this is even more complex as the EMV chip must support more than one payment system so that the merchant can choose how to process the transaction based on their network preferences. Testing against this latest MasterCard CPV Specification confirms that a contact, contactless or dual interface EMV chip card has achieved this requirement."
"The CPV tool enables market stakeholders, including banks, card manufacturers and personalization bureaus, to test a product's adherence to the latest MasterCard standards," said Brian Summerhayes, managing director at Barnes International. "Tool users can accelerate the new product launch process by eliminating costly and time consuming issues in the final certification stage."
FIME, an accredited MasterCard service provider, will also use the updated tool in its official capacity to generate test results for MasterCard CPV product approvals.
Barnes and FIME have combined their expertise since 2011 to effectively meet the requirements of MasterCard. The tool is available in four forms: Barnes CPT 3000v3 CPV module; Barnes CAT 3000v3 module; Barnes CPT Pro Issuer FIME-CPV; and PersevalPro FIME-CPV.
About FIME
FIME is a trusted consultant and advanced end-to-end testing services provider within the payment, mobile telecom, e-ID and transit sectors. Its work ensures the successful and efficient market integration of products and solutions which use secure chips. Its wealth of testing knowledge and skills accelerates product time to market and promotes security, interoperability and confidence that products will deliver optimum performance once launched.
FIME has extensive EMV testing expertise working with banks, technology providers and authorities to develop the testing frameworks for international and domestic EMV-compliant payment schemes. FIME partners with leading payment schemes and industry bodies to provide certifications and enhance the secure-chip ecosystem: American Express, Discover, eftpos, EMVCo, EMV Migration Forum, First Data, GCF, GlobalPlatform, GSMA, Interac, Isis, JCB, MasterCard, Network for Electronic Transfers (NETS), NFC Forum, National Payments Corporation of India (NPCI), National Standard for Chip Card Specification (NSICC), OSCar Consortium and Visa.
FIME America's offices are located in San Francisco and Montreal. www.fime.com | Twitter | LinkedIn
About Barnes
Barnes International is the world leader in the development and supply of Chip Card Test Tools and Magnetic Stripe Analysers. Barnes world class Test Tools enable the Manufacture and Issue of valid Magnetic stripe, Contact, Contactless, Dual Interface EMV Chip Cards and mobile payment applications, ensuring quicker approval by Payment Schemes and minimising pre-issue costs. It's Test Tools for Laboratory, Manufacturing and Bureau include QC testing to ISO, EMV, Amex, JCB, MasterCard, Visa, CUP, Discover, and national schemes including eftpos, Interac, NETS, RuPay and SPAN as well as Global Platform and GSM specifications. Barnes also offers EMV Consultancy and Card Testing. With its test tools deployed with customers in over 85 countries Barnes is the global leader in card testing solutions. For further information on Barnes' products and services go to www.barnestest.com | www.twitter.com | LinkedIn