MasterCard Europe's EPSnet will be replaced by Banknet in 2009. EPSnet is currently still used to link Issuers and Acquirers for Online POS/ATM Transaction Processing and existing customers will have to migrate to Banknet.
The certification entitled "MasterCard's Global Authorization Initiative (GAI) Pre-Validation Programme" is aimed at payment card vendors with customers in Europe. This certification offers a number of benefits to TietoEnator's Card Suite customers who are members of MasterCard. It means that TietoEnator customers will be able to benefit from cost savings associated with a reduced migration or implementation project: only one error-free log has to be submitted instead of lengthy test scenarios.
Maris Ozolins, Head of Cards Latvia, TietoEnator Banking & Insurance says: "TietoEnator is taking part in MasterCard's vendor program and supporting one of the latest MasterCard key initiatives. Participation in this Pre-Validation Programme is a win-win project where all parties benefit, including most importantly TietoEnator's Card Suite customers, who now have an opportunity to reduce the validation process and associated costs for themselves."