Blogs

MAR
14

24

Comprehensive EMV Certification Services for Banks by EverExpanse

Explore EverExpanse's detailed EMV Certification Services designed for banks. Our tailored approach ensures seamless EMV compliance, enhanced security, and reduced fraud risk. Discover how we support you through every step of the certification process.

EverExpanse offers comprehensive EMV Certification Services to banks, facilitating a smooth transition to secure and compliant EMV chip card transaction processing. The EMV certification process is intricate, involving several stages designed to ensure the payment infrastructure is robust, secure, and capable of handling EMV transactions. EverExpanse's services encompass the entire certification lifecycle, from initial planning to live deployment and continuous monitoring. Here's a detailed overview of how EverExpanse guides banks through the EMV Certification Process.

Planning and Preparation

Understanding EMV Standards
EverExpanse begins by helping banks understand the complex EMV standards and specifications. This foundational knowledge is crucial for ensuring compliance with global payment system requirements.

Technology Partnership and Support
Leveraging its expertise in EMV solutions, EverExpanse acts as a technology partner, providing banks with the necessary hardware, software, and technical support for EMV transactions.

Gap Analysis and Consultation
EverExpanse conducts a thorough gap analysis to identify discrepancies between the bank's current payment processing systems and EMV requirements, offering tailored advice on upgrades and modifications.

Integration and Development

System Upgrades and Custom Development
Based on the gap analysis findings, EverExpanse assists banks in upgrading or developing their systems to support EMV chip transactions, ensuring compatibility and compliance with EMV standards.

Internal Testing and Validation
Before proceeding to official certification, EverExpanse supports banks in conducting comprehensive internal testing of their EMV-enabled systems, identifying and addressing any issues early in the process.

Certification with Payment Schemes

Pre-Certification Testing
EverExpanse provides pre-certification testing services, facilitating early detection of potential issues before formal certification testing with payment networks such as Visa and MasterCard.

Formal EMV Certification Process
EverExpanse navigates banks through the formal certification testing with each relevant payment network, managing the comprehensive testing process to cover various transaction scenarios and ensuring successful certification.

Remediation Support
Should any issues arise during certification testing, EverExpanse offers remediation support, helping banks resolve these issues promptly and efficiently, followed by resubmission for certification if necessary.

Acquirer and Processor Integration

Seamless Integration Testing
EverExpanse ensures seamless integration of the bank's EMV-compliant systems with acquirer and payment processor platforms, facilitating smooth transaction processing and settlement.

End-to-End Testing Services
Through end-to-end testing, EverExpanse verifies the entire payment process, from the point of sale to settlement, ensuring operational efficiency and compliance.

Live Deployment and Continuous Monitoring

Pilot and Full Deployment
EverExpanse supports banks in conducting a controlled pilot launch, followed by a full deployment of the EMV-compliant system, overseeing the transition to ensure minimal disruption.

Ongoing Compliance and Monitoring
Post-deployment, EverExpanse provides continuous monitoring and compliance services, helping banks maintain high security standards, identify fraud patterns, and ensure ongoing adherence to EMV regulations.