Aconite has announced a partnership with Traderoot. Under the terms of the partnership, Traderoot will supply Aconite’s EMV and Smart Product solutions to African institutions issuing chip-based payment products, in sectors such as banking, retail, transit and healthcare. Aconite’s EMV and Smart Product portfolio includes:
- EMV Enablement solutions: enable a magnetic stripe card issuer to begin issuing EMV (Chip and PIN) products with minimal change to existing systems and business processes.
- EMV Risk Management solutions: allow issuers to dynamically manage cardholder credit risk related to offline EMV transactions through advanced post-issuance scripting.
- Smart Product Life-cycle Management solutions: enable a card issuer to manage its smart product portfolio, record individual product details issued to a customer, facilitating reissue and improving security.
- Smart Prepaid solutions: offer a fast track, low risk and lower cost route to the issuance of prepaid and contactless payment products based on EMV standards and chip technology.