MONETT, Mo. (8/28/13)--JHA Payment Processing Solutions, a division of Jack Henry and Associates, has launched an expedited Europay MasterCard Visa (EMV) implementation process for U.S. chip card issuance.
Because some chip card implementations may require direct project involvement by card brands, creating potential scheduling bottlenecks, Visa provides a streamlined EMV implementation path for select chip card profiles. PPS is the first processor to make such a program available to its financial institution clients, Visa said.
"Everyone's eyes are on EMV right now and it is only a matter of when for U.S. financial institutions that have yet to adopt the cards," said John Postle PPS general manager.
Through the expedited process, PPS can reduce financial institutions' implementation costs, testing requirements and overall timeframes. Its process for certain chip card profiles can be as simple as for non-chip products; no host-to-host testing is necessary and card validation is optional, the company said.
To qualify for the streamlined process, a processor must have successfully completed a prior U.S. chip issuance project with Visa and meet other eligibility requirements. PPS allows credit unions and banks to consolidate card processing services with a single point of contact for settlements, adjustments and reconciliations.