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Fiserv Selects Aconite EMV Migration Solution

LONDON, Jan. 7, 2013 (GLOBE NEWSWIRE) -- Aconite, the leading provider of chip and mobile software solutions, proudly announces that Fiserv Inc. (Nasdaq:FISV) the leading global provider of financial services technology solutions has selected Aconite's Smart EMV Manager solution to further enhance its EMV card processing systems with advanced capability.

Operating across a diverse range of card processing platforms, Fiserv needed a single solution that could be deployed in a standard way to provide a consistent EMV migration experience for their thousands of card issuing clients in the U.S. Aconite's Smart EMV Manager provides a proven, highly configurable solution that is simple to install, reducing risk and complexity, but incorporating a package of advanced EMV features. Smart EMV Manager will help Fiserv lead the field in EMV capability and introduce value-added EMV services in future. Smart EMV Manager is one component of Aconite's integrated solution family that encompasses chip card and token lifecycle management, NFC Mobile management and advanced PIN management.

"Aconite is immensely pleased to announce this partnership with Fiserv," said Patrick Regester, EVP Sales and Marketing at Aconite. "With EMV migration now under way in the U.S., Aconite's unrivalled track record of supporting EMV card issuers and processors around the world stands us in good stead to bring our expertise and advanced solution set into the U.S. market. We look forward to a long and successful relationship with Fiserv."

"Fiserv is renowned for bringing innovative solutions to the financial services marketplace, and for partnering with leading solution providers," said Bruce Hopkins, general manager, Card Services, Fiserv. "Aconite's Smart EMV Manager is an extremely deep and robust solution. Combined with the value-add EMV expertise and partnership approach brought to Fiserv by the Aconite team, Aconite is our clear choice to assist in bringing our EMV solution to our clients."

About Aconite

Aconite has been delivering advanced payment solutions to card issuers, processors and service providers for more than ten years. Over this time Aconite has established a reputation as a highly respected source of chip card management expertise in payments and other sectors such as transit and ticketing, and as a specialist in the field of EMV migration.

Aconite solutions enable card issuers and processors to increase revenues, reduce costs, improve customer service and secure competitive advantage. With a history of providing world-class products for chip card management and EMV transaction processing, Aconite is now at the forefront of the NFC mobile payments revolution, centred on the over-the-air management of NFC mobile apps.

Aconite is headquartered in London and is active in Europe, Middle East, Asia Pacific, the Americas and Southern Africa, directly and through a network of partners who provide regional distribution, support and implementation services. Aconite also has strategic partnerships with leading payments organizations and technology suppliers

About Fiserv

Fiserv, Inc. (Nasdaq:FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.

CONTACT: Patrick Regester Aconite Capital Tower 91 Waterloo Road LONDON SE1 8RT UK Phone: +44 (0) 207 803 1070 web: www.aconite.net email: info@aconite.netSource:Aconite Ltd