Aconite announces partnership with ipsgroup and extends commitment

London - 29 April 2008

Aconite, the leading provider of EMV and smart card software solutions and professional services today announced a partnership with Ipsgroup in Argentina, Chile, Uruguay and Paraguay to supply Aconite’s award winning portfolio of EMV migration and prepaid card solutions in the the Mercosur region.

Aconite’s EMV FastTrack™ migration solution will complement Ipsgroup’s existing portfolio of transactional systems, which includes solutions for point-of-sales terminals, hardware and field services, and will enable issuers to quickly and cost effectively process EMV transactions and dynamically manage customer's credit risk through advanced post-issuance scripting.

Ipsgroup will also supply Aconite’s Smart PrePaid™ application to card issuers in the south of the Mercosur who are looking for rapid entry into the lucrative low value transaction pre-payment space. Ipsgroup 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 petrol and retail.

Patrick Regester, EVP Sales and Marketing at Aconite said “This partnership confirms our commitment to the South American market, and I am delighted to extend our reach to Mercosur through this partnership with Ipsgroup. Our complementary solutions and expertise places us in an ideal position to meet the demands of regional card issuers who are faced with the challenges of EMV migration or who are looking to exploit new revenue opportunities from prepaid and contactless smart cards”.

Commenting on their new partnership, Christian Santos Beneduce, Managing Director at Ipsgroup said, “We are excited about this new partnership with Aconite. The synergies from our combined market knowledge, expertise and solutions will allow us to support cards issuers in the south of Mercosur who are embarking on EMV migration projects and launching prepaid and contactless card applications.”

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