Content area
Full Text
Deerfield Beach, Fla.-based Mosaic Software Oct. 1 announced the general availability of Postilion EMV Gateway, a low-cost, fast track solution to EMV, the specification jointly developed by Europay, MasterCard, and Visa, smart card compliance for both Card Issuers and Transaction Acquirers. EMV Gateway has been successfully implemented in Europe. It was developed to handle all the processing requirements for customer transactions originated with an EMV chip card. The main driver behind the adoption of EMV is the reduction of fraud for all transactions as well as greater security for off-line processing of transactions. Postilion EMV Gateway processes transactions on behalf of an organization's existing system. Traditional magnetic-stripe messages continue to be routed to the incumbent system, with the EMV transactions being intercepted and switched directly to the appropriate networks. This architecture provides for the ability to support EMV transactions without the need to make costly changes to existing authorization host systems. Postilion EMV Gateway is also able to process the EMV security data using a hardware security module (HSM) prior to switching the message to the existing processor. An added benefit of the Postilion EMV Gateway is that it integrates fully with emerging technologies including WAP-enabled mobile phones, the Internet and digital TV, allowing for multi-channel generic payment solutions.