Fiserv is helping its clients transition to EMV cards with an integrated, compliant and cost effective path to EMV-enabled debit and credit card issuance. With this unsurpassed experience and expertise Fiserv can guide clients through every step of the migration process “from analyzing their payment card portfolios to optimizing penetration, activation and usage, to deciding on an operating system, chip size and authentication method. Financial institutions also have the option of instantly issuing EMV chip cards in the branch or providing a temporary instant debit card to be used until the permanent chip card arrives in the mail, increasing customer satisfaction and providing an opportunity for greater activation rates and transaction volumes.
The Accel™ debit payments network from Fiserv has agreements in place with both Visa and MasterCard to use common debit EMV solutions. Fiserv processes and authenticates ATM, credit, debit and prepaid EMV transactions and can streamline and simplify the time and complexity of an EMV implementation. To effectively manage EMV card costs, Fiserv can enable clients to gradually transition their card portfolio to chip without a mass reissuance of their existing card base. Additionally, Fiserv can drive EMV-enabled ATM machines. Fiserv also offers a unique breadth of fraud and risk management solutions that detect, measure and defend against financial crime. These solutions incorporate EMV data into a holistic fraud defense system focused on mitigating portfolio risk against the complex and changing fraud scenarios for both card present and card-not-present behaviors.