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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.