Middle East Banks Tackle EMV Migration with Level Fours Atm Software

Tuesday 8 March 2005 11:48 CET | News

Level Four Software has expanded its presence in the Middle East, Level Fours ATM Channel Development Suite is now being deployed by Banque Saudi Fransi, SAMBA, Arab National Bank, National Commercial Bank, and National Bank of Dubai to comply with the international standard in advance of the January 2006 deadline.

Countries across the Middle East are in the process of upgrading their banking and POS infrastructures to meet the EMV mandate for smart chip cards by January 2006. As part of this move, Saudi Arabia is also undertaking an industry-wide migration to SPAN 2, the second generation of the Saudi Payments Network, which will create a secure infrastructure for electronic fund transfers, supporting the implementation of electronic banking services across the country. To deal with these changes, banks in the region need to support the infrastructure for their ATM networks. This includes the test tools that play an integral part in quality assurance. Banks are turning to Level Fours EMV FastTrack to migrate their ATMs to the new EMV smart card standard. The tool enables the creation of EMV compatible ATM downloads and full end-to-end transaction testing directly from the chip card, through the ATM and up to the host system. The advanced reporting capabilities of Level Fours solution also help the banks to gain a better overview of their ATM network.

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Categories: Payments & Commerce | Payments General
Countries: World
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