News
FIME launches a range of services to banks worldwide with their consulting offering
With the introduction of EMV chip technology in the payment industry new and important interoperability issues have appeared causing a major shift from the pre-EMV payment world. Banks now find themselves confronted with three types of migration: the move from smartcard to EMV smartcard, the evolution from EMV smartcard to new technologies such as NFC (Near Field Communication), or even the jump directly from previous technology to NFC technology.
Pascal Le Ray, CEO of FIME commented, “FIME’s experience in chip implementation and migration, interoperability management and certifications allows us to help our customers anticipate the necessary moves to make to prepare their migration. We provide key advice to organizations to reduce their costs, risks and delays, as well as assisting them in the implementation, deployment and operational management of EMV payment systems.”
FIME’s consulting services cover the implementation of new technologies such as contactless or NFC solutions. Depending on the region of the world, issuers may have already implemented an EMV compliant solution, but are confronted with new
challenges such as providing their customers with contactless payment solutions (not to mention the growing trend for dual-interface - contact and contactless - card issuance). FIME’s consultants help banks make the right choice for their market, by
providing assistance throughout a project’s lifecycle. FIME accompanies banks from A to Z of a migration project.
FIME consultants provide a number of services to banks, including but not limited to MasterCard’s CPV Services (Card Personalization and Validation) and TIP (Terminal Integration Process). For each of these specific needs FIME has a team of dedicated consultants that take care of both the administrative and technical aspects of the project.
FIME provides training early on to help banks understand the technical challenges involved in migrating to an EMV compatible solution. FIME consultants help issuing banks validate their personalization profile. FIME also provides on-site workshops for
acquirers migrating to an EMV compliant solution for the first time to help them succeed in certifying their terminals according to the payment schemes (Visa, MasterCard, JCB, Discover Network, etc.) requirements.
As well as these CPV services, FIME provides support to issuers for many different smartcard applications. “The benefits from working with FIME’s consulting team are numerous”, said Vincent Poty, Head of Corporate Development and Strategy. He continues “FIME represents trust, independence and technological expertise. We help our customers move forward on their projects by making them aware of any issues that need to be solved, explaining why and how to make the necessary improvements.
Our flexibility and our autonomous teams that work towards customized solutions are a great asset to our customer’s migration projects.”
The consulting brick is the most recent addition to FIME’s global solution (which also includes laboratory testing, test tools and innovation through dedicated R&D), and it plays the most important role in FIME’s evolution. FIME continues to evolve and
enhance its services to stay in line with the payment industry’s needs and to support banks through consulting services.
FIME