First Multi-application Smart Card Provider in Middle East
ACI Worldwide has licensed ACI Smart Chip Manager to Network International, a credit card and payment services provider in the Middle East. Using ACI Smart Chip Manager, Network International will be the first provider in the Middle East to issue multiple application smart cards with both payment and loyalty functionality. ACI’s software will also help Network International with its Europay, MasterCard and Visa (EMV) migration. In order to seize market share, Middle East banks are continually striving to introduce new and innovative services to their customers. With the January 2006 EMV deadline approaching, the more advanced banks are introducing multiple applications on chip cards as part of their EMV migration.