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Aconite continues South American expansion into Colombia and Venezuela

Aconite, the leading provider of EMV and smart card software solutions and professional services today announced a partnership with Tecnocomputación 3000 SA in Venezuela and its sister company Identificación Plástica in Colombia to supply Aconite’s award winning portfolio of EMV migration and prepaid card solutions in their respective markets.

Aconite’s EMV FastTrack™ migration solution will complement Tecnocomputación 3000 SA and Identificación Plástica existing portfolio of smart card systems, which includes solutions for smart card personalization, point-of-sales terminals, hardware security and instant issuance. Aconite’s EMV FastTrack enables issuers to quickly and cost effectively process EMV transactions and reduces card risk through dynamic post-issuance scripting.

Tecnocomputación 3000 SA and Identificación Plástica will also supply Aconite’s Smart PrePaid™ application to card issuers in Venezuela and Colombia who are looking for rapid entry into the lucrative low value transaction pre-payment space. Tecnocomputación 3000 SA and Identificación Plástica chose Aconite’s Smart PrePaid solution, as it met the needs of their customers by offering a fast, low risk and low cost route into growing prepaid contactless markets such as transport and retail.

Patrick Regester, EVP Sales and Marketing at Aconite said, “South America is a key market for Aconite, and we are pleased to be working with Tecnocomputación 3000 SA and Identificación Plástica at a time of tremendous growth for all parties and the South American cards market. We look forward to achieving great results as we work together to help card issuers benefit from the deployment of credit, debit and prepaid chip cards”.

Commenting on their new partnership, Gabriel Sternberg, Business Director at Tecnocomputación 3000 SA said, “We are excited about this new partnership with Aconite. Our knowledge of the EMV market combined with Aconite’s portfolio and experience will prove very positive. This partnership allows us to serve our customers better and demonstrates our commitment to supporting EMV migration in our regional markets. As well as anticipating a strong demand for the provision of consulting services in this period of national EMV migration in Colombia and Venezuela, we also expect a lot of interest in Aconite’s Smart PrePaid solution from customers looking to innovate and rapidly enter the growing prepaid market.”