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Visa Europe selects Aconite to develop the Visa payWave prepaid card

Thursday 15 May 2008 11:51 CET | News

Visa Europe has selected smart card software services Aconite to provide software for the development of the Visa payWave prepaid card. Aconite supports Visa Europes prepaid chip specification by expanding the functionality of its Smart PrePaid (SPP) option.

Aconites SPP option allows issuers to manage prepaid transactions offline. The balance is tracked in a shadow account. If the prepaid balance is exhausted, further purchases can be made only if the shadow account is topped up and the card is updated by means of an online transaction.The initial delivery pilot implies testing Visa payWave prepaid cards with selected issuers.


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Categories: Payments & Commerce
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