Press release

October 26, 2005

In response to recent strong interest towards low value payments solutions, Banking Production Centre (BPC) has released several new EMV enabled modules. BPC now provides its customers in retail chains (including issuers, acquirers and merchants) with a proven platform for pre-authorized debit and bill payment.

The growing array of business schemes used to dramatically reduce paper-based operations and increase convenience for countless low value transactions has provided a strong driver to use smart card technology based products. The new SmartVista suite release enables retailers to achieve high level flexibility and yet tighter control over low value payment instruments by use of pre-authorized debit, an application based on re-loadable smart chip.

This important product extension was designed specifically for the broad family of EMV products. Now EMV cardholders are enabled for internal funds accumulator top-up for M-Chip 4 and VSDC+ applications. With the rapid growth of the attractive services offered to EMV card holders this business model becomes a strong influence to achieve previously impossible cards usage rates.

SmartVista based products enable banking product developers to set risk management parameters for each client individually, and even invite cardholders to do it for themselves. This approach supports the current appetite for self-service, freedom of choice, and consumer preference.