Skip to content
paySmart an EMV provider for independent issuers in Latin America and member of the MULTOS consortium, has launched the world’s first EMV solution in the Cloud using MULTOS enabling independent issuers the opportunity to migrate from magstripe cards to chip cards in just 30 days. paySmart’s Software as a Service (SaaS) approach to EMV uses cloud computing technology and MULTOS to dramatically reduce the complexity and time required to conduct an EMV migration project, especially for independent EMV issuers. “Everything is executed under a class 5 datacenter with disaster recovery and redundancy in two separate cities, a mission-critical environment supporting high-volume transactions and the same infrastructure used by major banks, insurance companies and credit cards companies worldwide. With paySmart, an issuer can start issuing chip cards in 30 days, with almost zero investments and paying a flat, monthly fee, only for cards which are actually generating revenues. Depending on the requirements, low cost MULTOS Step/One cards can be issued, which helps to reduce the total cost of ownership of the solution,” explains Daniel Nunes de Oliveira, Business Development Director of paySmart.
The post paySmart launches EMV solution in the Cloud appeared first on Payments Cards & Mobile.
