Aconite’s new risk management solution shortlisted in EPCA/ECR Excellence in Payments Innovation Awards 2008

London - 26 March 2008

Aconite, the leading provider of EMV and smart card software solutions and professional services, today announced that their new risk management solution, Risk Status Translator (RST), has been shortlisted in the EPCA/ECR Excellence in Payments Innovation Awards 2008 in the category of “most innovative payments software”.

RST helps card issuers to fully exploit the fraud and risk management benefits of EMV migration by empowering them to take control of card behaviour, post issuance. EMV card usage is controlled by parameters held on the chip; these parameters, and therefore card behaviour, can be modified after the card has been issued using EMV scripts. RST acts as a link between fraud and risk management processes and the scripting engine, automatically converting the results of the fraud and/or risk analysis into a post-issuance scripting action. This allows each card in a card base to be individually managed with little or no manual intervention, enabling a bank to rapidly change a card's behaviour and providing improved card control and reduced risk.

Patrick Regester, EVP Sales and Marketing at Aconite said “We are delighted that Aconite’s solutions have once again been selected by the EPCA/ECR judging panel in the category of most innovative payments software. We have listened closely to our customers and developed a solution to meet their evolving needs; this award provides recognition of both our commitment to our customers and our ability to respond fast to industry changes”.

Talking about the awards, Henning N Jenson, Senior Partner at the EPCA and a member of the judging panel said “The number and quality of applications we received this year exceeded all our expectations. The awards continue to grow each year and have established themselves as a prestigious event on the European Payments calendar”.

The winner will be announced at the 7th International EPCA Conference, taking place between 31st March and 2nd April in Brussels.

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