Aconite extends global footprint to Brazil through partnership with Gênia Tecnologia

London - 11 March 2008

Aconite, the leading provider of EMV and smart card software solutions and professional services today announced a partnership with Gênia Tecnologia, a company incorporated 15 years ago and now established as a leading developer, innovator and solutions provider focused on the supply and implementation of cards processing systems to the Brazilian payments market.

The combination of Aconite’s unique FastTrack EMV migration solutions and the expert knowledge of Gênia Tecnologia will enable issuers to rapidly and cost effectively process EMV transactions and dynamically manage cardholders’ credit risk through advanced post-issuance scripting.

In addition, Aconite’s Smart PrePaid application enables banks and other organisations to rapidly deploy issuing and acquiring capabilities in the lucrative low value transaction pre-payment space, using contactless chip cards in markets such as transport and retail.

Patrick Regester, EVP Sales and Marketing at Aconite said, “We are delighted to be working with Gênia Tecnologia. The combined strength of Gênia’s extensive knowledge of the Brazilian market and Aconite’s expertise in EMV migration and prepaid and contactless applications places us in an ideal position to meet the demands of Brazilian card issuers who are faced with the challenges of EMV migration or who are looking to exploit new revenue opportunities from smart cards”.

Commenting on their new partnership, Fernando Maia, CEO at Gênia Tecnologia said, “Our partnership with Aconite is a perfect match for us considering our deep knowledge of the Brazilian cards processing market and Aconite´s expertise in EMV technology. I foresee great successes for both companies as we work with Brazilian banks and card issuers to overcome the challenges of EMV implementation.”

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