Jack Henry's JHA Payment Processing Solutions (PPS) will offer an expedited EMV implementation process for U.S. chip-card issuance.
Some chip-card implementations may require direct project involvement by the card brands, which could cause scheduling bottlenecks, contends PPS, a Jack Henry division that offers ATM, debit and credit card services to financial institution. To get in front of these bottlenecks, PPS manages installations for Visa issuers.
Through the expedited process, PPS attempts to reduce financial institutions' implementation costs, testing requirements and overall timeframes. To qualify for the streamlined process, a processor must have successfully completed a prior U.S. chip-issuance project with Visa as well as meet other eligibility requirements.
Card issuers and other payments companies are under pressure to migrate to EMV, and most face not only a 2015 deadline for card network liability shifts, but also pushback from merchants.
"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, general manager of PPS, in an August 27 press release.