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.”

Savantor Services

Savantor Services

Savantor services are tailored to Client needs based on our core service areas

Specialist Resourcing Payments Strategy Platform Transition Operational Efficiency
Savantor Services

Job Opportunities

Consulting and contracting roles in the payments, mobile and banking arena within the UK and across Europe

View more
Savantor Services

Savantor Views

Find out more from our Savantor brochures, MarketEye back copies and Industry opinion

Collateral Market Eye News & Views Sign Up to receive MarketEye

Client Quotes

Moneris Solutions

"Savantor did an outstanding job of the review and I received nothing but positive feedback on the interaction with our management team."

Jeff Guthri, COO - Moneris Solutions - Canada

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

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

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

Issuer and Acquirer Transformation - Assessment and Mobilisation

"We were in urgent need of external independent expertise to supplement our internal resources. Senior consultants had to quickly integrate with a diverse team from across the bank and actively contribute. I am pleased to say that Savantor was able to deliver on our needs as well as being good people to do business with."

Lars Bostrom, Head of Cards - Nordea - Scandinavia

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

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

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

Clients - Request Support

Send us a support request and one of our specialists will be in contact to assist you.

Consultants – Upload your CV

Register your CV with us and gain access to a range of job opportunities through our online job search portal.