The card issuing industry is expected to be growing – despite the fast pace of adoption of mobile and alternative payment methods. Cards are on the rise, also thanks to a proliferation of card usage for non-payment purposes like eID/e-Passport, eHealth, Telco/SIM cards, Customer Loyalty cards and Corporate ID cards. Although some of these cards are not used for payment purposes, often they adhere to payment standards for Pin translation and card authorization – simply to keep processes streamlined.
Amongst the most important success factors for card issuing industry is access to the latest available and most efficient technology in combination with effective cost controls. At the same time card issuers need to meet the strict regulatory production requirement and timelines of EMV Credit Cards (e.g. AES, ISO4…) while integrating them with their existing systems.
One of the core technologies for card issuance, including pin translation and card authorization are Hardware Security Modules.
Utimaco built-in EMV personalization command sets along with P11, JCE, CNG to have a single HSM meet the customer’s full portfolio for card personalization and offers
Utimaco enables data and ecommerce protection and key management operations for PIN translations, payment card verification, production and personalization, electronic funds interchange (EFTPOS, ATM), cash-card reloading, EMV transaction processing, and key generation and injection.
Utimaco HSMs are PCI-DSS compliant, and thus provides unrivaled protection for AES and other cryptographic keys when safeguarding payment transactions. Utimaco HSM protects and manages encryption keys needed for key derivation within the tamper-resistant hardware device.