Aconite enhances fraud and risk management capabilities of EMV migration solutions for card issuers

London - 18 March 2008

Aconite, the leading provider of smart card software solutions and professional services today announced the launch of a new software solution, Risk Status Translator (RST), designed to help card issuers exploit further the fraud and risk management benefits of EMV migration.

RST is now being deployed by Investec Private Bank South Africa to work alongside their recent deployment of Aconite’s EMV Script Processor (ESP) and Transaction Enabler (TRxE) solutions.

RST acts as a link between fraud and risk management processes and the scripting engine, either for automatic analysis, such as is performed by products like Fair Isaac’s Falcon and Triad, or more manual processes such as account scoring. RST converts the results of the fraud and/or risk analysis into a post-issuance action to be performed.

While the benefits of post-issuance scripting are now widely recognised within the industry, the full potential of the capability to change the state of each card is not fully realised unless risk parameters are handled on an individual card basis. RST allows account scoring processes that are already undertaken by Issuers to have a direct effect on the behaviour of their cards.

Risk Status Translator is an extension to Aconite’s award winning EMV Script Processor (ESP) and Transaction Enabler (TRxE) solutions. ESP provides a fully flexible solution for generating and managing scripts, enabling issuers to dynamically change a single or multiple card parameters in a single transaction. TRxE enhances existing authorisation systems to process EMV transactions, including triggering and checking for successful script delivery.

Patrick Regester, EVP Sales and Marketing at Aconite said “The launch of RST demonstrates Aconite’s ability to rapidly respond to evolving market needs, and further endorses our credentials for helping banks globally realise their full potential from EMV migration”. Patrick adds “RST extends the benefits of ESP by automating the decision making process regarding the sending of scripts. This enables banks to rapidly change a card’s behaviour and provides improved card control and reduced risk”.

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