Aconite EMV Software Live At Fiserv

LONDON, Dec. 2, 2013 (GLOBE NEWSWIRE) -- Aconite, the leading provider of EMV transaction processing and chip card issuing solutions, is proud to announce that its Smart EMV Manager – a product that allows existing card authorization systems to process EMV cards – has gone into production at Fiserv Inc. (Nasdaq:FISV) the leading global provider of financial services technology solutions.

Aconite's Smart EMV Manager preserves the investment made by issuers and processors in their authorization platforms by providing fully-featured EMV capability in an easy-to-integrate plug-in solution. Fiserv is utilizing Smart EMV Manager to bring advanced EMV processing to its already sophisticated environment. With Smart EMV Manager, Fiserv can process EMV transactions across multiple card products and establish the foundation for enhanced chip capabilities as these are introduced in the marketplace.

"We are delighted to have completed this major deliverable in Fiserv's EMV program," said Patrick Regester, Aconite's EVP for Sales and Marketing. "We look forward to the next phase in our partnership with one of the most dynamic and forward-looking financial services providers operating in the U.S. today. Our work with Fiserv is a perfect example of our commitment to achieving EMV migration using innovative product solutions that require minimum change to existing systems."

"We chose Aconite because of its record for delivering EMV processing into complex environments without the need for multifaceted changes," said Bruce Hopkins, general manager, Credit & Debit Solutions, Fiserv, "Using Aconite's solution provides the ability to process EMV transactions from credit and debit chip cards across multiple brands and networks. Aconite's proven solution delivery capabilities and the quality of their products were critical to achieving our goals."

About Aconite:

Aconite solutions enable card issuers and processors to increase revenues, reduce costs, improve customer service and secure competitive advantage. For more than a decade, Aconite has built a reputation as the respected source for world-class products for chip card management, EMV transaction processing and credential management. Aconite is now at the forefront of the NFC mobile payments revolution, centred on the over-the-air management of NFC mobile apps. Headquartered in the United Kingdom, Aconite operates worldwide with offices in the United States and China.

About Fiserv

Fiserv, Inc. (Nasdaq: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.