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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"Savantor did a good job in helping us understand the dynamics of a key growth area for Trionis. Savantor's ability to listen and their degree of commitment have always impressed me. They have been of great help in providing us important market insights and I would not hesitate to work with them again in future."

Ernst Verbeek, Managing Director - Trionis - Belgium

Credit Risk Review for New Product Launch

"We needed expert help at short notice and Savantor were very impressive in their response and knowledge. The results were very clear and useful, enabling us to quickly make good progress on the next steps."

Sami Karhunen, Head of Business Intelligence and SME Sales - Point Transaction Systems Oy - Finland

Complex Cards Business Transformation

"This was a major business transformation that required us to build an excellent team made up of internal bank specialists, supported by external card business, technical and operations expertise. Savantor provided specialists from the local market and with international experience to fill a variety of important roles. The Savantor resourcing team are professional, reliable and good people to work with."

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

Business and Platform Strategy

"Savantor successfully advised Rabobank during preparing of the platform migration for cards. Savantor demonstrated thorough knowledge of business processes and market players combined with a practical approach."

Evert Fekkes, Business Information Manager - Rabobank - Nederland

Acquirer Transformation

"We needed a programme manager for a complex transformation who also brought a broad understanding to help stakeholders through the change. We have been delighted with the delivery and outcomes from this engagement with Savantor."

Michael Liquornik, Executive Vice President - Neovia Financial - UK

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

Payments Workshop Material

"Savantor helped ACI build a payments onboarding workshop for new technical staff in ACI EMEA. Their extensive experience took our outline and built a great starting presentation of industry facts that we have now customised further into a half day session that is used for all new joiners. Our Americas and APAC regions have also taken the material and customised it for their regions. A great job by Savantor has meant new joiners to ACI hit the ground running."

Richard Sanders, Principal Solution Consultant - ACI - Worldwide EMEA

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

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