News & Views - Savantor

Savantor accredited by MasterCard to offer EMV consulting services

Monday, 21 March 2011

Unleashing the power of innovation in retail payments

Savantor Ltd., a specialist in the provision of business and technical expertise to many well-known banks, card schemes and third parties in the card payment industry, is pleased to announce its formal accreditation by MasterCard to offer their customers advice and guidance to help them take full advantage of their migration to EMV chip.

EMV chip and PIN is rapidly becoming established as the global standard for secure card payments.  In Europe, for example, EMV is an integral part of the SEPA Cards Framework and banks which have not complied with the framework by the end of 2010 may be subject to non-compliance assessments.  But EMV migration is far more than just a compliance issue: EMV chip brings many benefits to banks and EMV deployment needs to be treated as a strategic business imperative which impacts the whole bank.

·      For banks new to chip, there is significant pressure to complete the migration process. Savantor can bring them the distinct advantage of lessons learned elsewhere so they can ensure that they make the most of EMV chip from the outset.

·      For banks which have completed the first wave of migration, Savantor can help develop the outstanding opportunities to use chip to add value to card payments and gain competitive business advantage.

Innovative banks are now riding a second wave of chip deployment, leveraging their investment in the new EMV infrastructure with a host of new initiatives, for example:

·      Extending chip & PIN to tackle the virtual world fraud in online banking and e-commerce.

·      Using the security and contactless capabilities of chip to displace cash payments.

·      Enhancing and enriching payments with new, multi-application propositions which improve customer recruitment and retention, boost card usage, and may generate completely new revenue streams.

Rod Nixon, Managing Director of Savantor International said “Achieving MasterCard EMV accreditation underlines Savantor’s commitment and capability to bring the latest knowledge and techniques to banks and therefore fast and effective delivery of their business goals.  MasterCard’s Chip Solutions & Engineering has always led the world in the development of exciting new EMV-based business propositions and we are delighted to be working with them”.

Christian Delporte, Head of Chip Engineering for MasterCard Worldwide commented “It is crucial for us to ensure our customers are supported by third parties who have full knowledge of MasterCard requirements and processes. Savantor has extensive practical experience about managing and advising on large international payment projects. They successfully passed the most stringent training requirements that are mandatory to be awarded the accreditation. MasterCard will inform its customers about the Savantor accreditation via the MasterCard Online website.”

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Client Quotes

Complex Multi-Country Migration

"This complex migration, undertaken simultaneously in Spain and Portugal, has been a complete success. Savantor has provided us with excellent support for over 3 years, both in the original business transformation programme and now this double migration. We value their open and honest approach to business, and of course the expertise that they bring."

Ricardo Gomez, Director, Operations & Technology - WiZink Bank – Spain & Portugal

Acquirer Strategy and Operating Model

"Savantor brought an effective blend of European acquirer market expertise and transaction processing solution design. Their experts quickly forged strong working relationships with our team. We enjoyed working with them to create our future acquirer strategy."

Mikko Hyttinen, SVP - Lending Services - OP-Pohjola Group - Finland

Platform Selection

"Savantor's support in our platform selection process has enabled us to sustain our profitability and positioning for the future. Their advice and guidance was essential to our decision-making."

Robert Lambert, Head of Cards Strategy - Permanent tsb bank - Ireland

Platform Selection & RFP Management

"OP-Pohjola Group has used Savantor in both acquiring and issuing for platform/service provider research, RFI/RFP processes and subsequent contract negotiations. Savantor's approach and commitment have always been very professional and transparent. They have been of great help for the company in providing us important insights and background information beyond vendors sales speeches."

Kai Lindstrom, Head of Acquiring - OP-Services Ltd - Finland

Card Processing Migration

"Disciplined methodology and effective teamwork, guided by Savantor's migration expertise and operational knowledge, were the hallmarks that led to the resounding success of this project, enabling us to maintain and develop our business capability."

Robert Lambert, Head of Cards Strategy - Permanent tsb bank - Ireland

Interchange Review

"Savantor did a superb job in confirming what we believed was an area of weakness. The detail we now have will enable us to agree internally what we need to do to improve structure, control and income. Nationwide management were very impressed with the quality of the Savantor team."

Adam Slater, Senior Manager - Banking - Nationwide Building Society - UK

Commercial Card Migration

"Execution at its best. We're delighted that this project has been truly outstanding and received an award from 'The Banker'. Savantor provided crucial expertise that helped us keep all our promises in terms of delivery. The scheduling, planning and control regime throughout was excellent."

Chris Mason, Director - Commercial Cards EMEA - Citi - UK

Collections Transformation

"Savantor did an absolutely superb job for us on the Collections programme. The professionalism, hard work, courtesy and tenacity of their experts is a credit both to the individuals and to Savantor."

Peter O'Dea, Senior Manager - Collections Department - Permanent tsb bank - Ireland

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