ACI Worldwide and SiVault, the premier provider of smart card service bureau processing in the U.S., announce that SiVault has licensed ACI’s MONAD product suite to offer complete Card Life Cycle Management for smart card programs.
![][1] The MONAD product suite enables SiVault to provide full-service Card Life Cycle Management to its customers on an “outsourced” basis. Operating as a trusted third party service bureau, SiVault offers an alternative for customers that do not wish to perform Card Life Cycle Management in-house. Card Life Cycle Management includes the dynamic loading, updating and deleting of applications to smart cards.
“We are excited about working with ACI because of the depth and quality of their organization,” said Mr. Keith Manning, president and COO of SiVault. “We look forward to a long and mutually prosperous relationship.”
“We have a tremendous opportunity to work together in building business relationships throughout the smart card industry,” said Karen Williams, executive vice president of Business Development for SiVault. “Working together to offer customers a choice in how they want these services creates a win-win for all parties involved, including SiVault, ACI and our customers. We are extremely pleased we have engaged ACI as a strategic partner in this endeavor.”
ACI’s MONAD product suite supports and manages the full life cycle of smart cards and smart card applications including full enrollment, application management, card issuing, personalization, post-issuance of multi-application smart cards, and more specific content related to the handling of purse, certificate or ticketing transactions.
“For banks and other issuers, multifunction smart cards are key to enhancing customer relationships,” said Mark Vipond, president of ACI Worldwide. “That’s why we provide a suite of products and services that promote the use of multi-application smart cards into new market areas and delivery channels. We believe that the ability of our customers to provide the smart card services they want, delivered in the way they want them delivered–securely and certainly–is another major step forward in the evolution of e-commerce.”
About ACI Worldwide
ACI Worldwide (Nasdaq: TSAI) is helping customers change the way the world works with solutions designed to improve the way we live, work and shop. Every minute of every day, financial institutions, retailers and networking industries rely on ACI solutions and services to smoothly move money and information. As a leading international provider of solutions for e-payments, ACI maintains operations in the Americas, Europe/Middle East/Africa and Asia/Pacific. More than 2,300 customers in 79 countries use ACI distributed solutions. Visit ACI Worldwide on the Internet at [www.aciworldwide.com][2].
About SiVault
SiVault is a network based Service Bureau providing secure loading and dynamic management of applications to smart cards using intelligent devices. SiVault works seamlessly with card issuers and application providers to create the infrastructure that allows businesses to focus on providing a proliferation of Internet enabled products and services to their customers. SiVault’s trusted third party service bureau market approach brings a critical component to the smart card value chain. SiVault works in alliance with Genuity (formerly GTE Internetworking) and Hewlett Packard/Verifone. ([http://www.sivault.com][3])
[1]: /graphic/sivault/sivault.gif
[2]: http://www.aciworldwide.com/
[3]: http://www.sivault.com/
