Instant EMV

VERISOFT supplied the PowerWATCH PayPass Personalisation System and LAKS payment watches to Turkish bank “GARANTI BANK” which has implemented the first wrist watch with contactless PayPass chip in the EU region.

The Verisoft PowerWATCH system can personalise all kinds of non-standard form factor contactless payment devices such as mobile phones, watches, stickers and keyfobs.

As well as PayPass, PowerWATCH also supports Visa-WAVE, Visa qVSDC and Mifare based cards and devices.

GARANTI bank is the leading bank in europe which has implemented “BONUS TRINK” branded contactless products with Mastercard PayPass technology as the first bank in Europe LAKS is the patented producer of the PayPass Transaction Watch which was awarded with OsCards during CARTES’2006 with this product.

For details of the Contactless Payment Watch in the UK and Ireland visit www.contactless-payment.co.uk

Verisoft Instant EMV and Magtek working together to bring Instant branch issuance of credit, debit, pre-pay and contactless payment technologies.

Magtek’s ExpressCard 1000 card personalisation device is now supported by Verisoft Instant EMV.

The ExpressCard 1000 (EC1K) is Magtek’s latest hardware platform for secure, branch based instant card issuance. It is a full colour double sided card printer, embosser and magnetic + smart card + contactless encoder all in one. ExpressCard allows custom printed EMV Chip and PIN Cards to be issued instantly via bank branches, retail outlets or mobile sales locations

Card User Benefits

• Local Issuance of EMV Chip and PIN cards
• Card user can select their own PIN at point of issue
• Card User can use any photo/image of their choice
• Card is ready to use instantly

Card Issuer Benefits

• Reduced postage costs
• Zero postal fraud
• Zero card activation call centre costs
• Customer selected PINs reduce dormant accounts
• Re-issuing costs greatly reduced
• Exceeds Visa and Mastercard security standards
• Secure data preparation and management
• Secure distribution and card stock management
• No requirement for tipping or indent print supplies
• Modular solution can adopt existing branch hardware.

For more information on the ExpressCard 1000 visit www.magtekeurope.com