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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Credit Card Launch

"Savantor's knowledge and experience were the key differentiators in selecting them and they contributed greatly to the success of the product launch and the effectiveness of the ongoing operational service."

Toine Schepers, Operations Director - Primeline - The Netherlands

Market Insights

"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

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

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

New Payments Initiative

"In moving our new initiative into reality, we required specialist payments knowledge and forward thinking in the retail sector. Savantor supplied this and provided very effective guidance throughout. We enjoyed working with them."

Sophie High, Head of Innovation Delivery - Cancer Research 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

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

EMV Migration Planning

"It was a strategic imperative for the bank to be EMV compliant for our payment cards and the experience that Savantor brought to the company has proved to be invaluable."

Eddie Sweeney, Chief Technology Officer - AIB Bank - Ireland

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