Ecebs provide a range of payment solutions for the issuers of smartcards. These include electronic purses, where cash or tokens for buying goods and services are held on the smartcard, and Chip and PIN (or EMV) payment smartcards increasingly being used for credit and debit card purchases.

Chip and PIN / EMV

Credit card fraud is sharply on the rise. The statistics are particularly dramatic for remote transactions such as telephone sales and even worse on the Internet. At the same time, fear of fraud remains a barrier to e-commerce in the minds of consumers.

Conventional magnetic stripe card technology is insufficient to protect consumers, merchants and banks against fraud. Magnetic stripe cards are too easily counterfeited and offer no cryptographic capabilities for transaction authentication. Smartcards, which contain an on-board tamper-resistant processor and secure storage for sensitive information, are increasingly replacing magnetic stripe cards for debit and credit payment systems to reduce the risk of fraud.

Ecebs are leading independent providers of EMV solutions engineered to the card issuer's specific requirements. Our solution range includes EMV card applications supported by their own card operating system and EMV payment accepting software for virtual as well as physical world devices.

The EMV standard for smartcard applications has been created by the leading card associations (Europay, MasterCard and Visa) to ensure interoperability among smartcard payment systems. The card associations have made the transition to smartcards a strategic priority and EMV cards are now being rolled out in many countries.

Ecebs have developed one of the worlds smallest implementations of a dual brand EMV with multi function operating system in 18k of code which has been certified by both Visa and Mastercard on behalf of blue chip client.

Electronic Cash and Purses

Ecebs can also provide electronic cash or token systems that can be used where cash is cumbersome, insecure, or impractical. Typical examples are payment for low-value purchases on the Internet or in campus environments such as schools, colleges, military bases, theme parks or large office complexes.

Payment applications are ideally suited to multi-function smartcards. Additional applications, such as loyalty programmes, can complement the core payment function to create a complete offering that is more attractive to the user than the individual parts. Multifunction packages differentiate the card issuer from competitors.

As technology advances, the cost of manufacturing, issuing and deploying multifunction payment smartcards continues to fall. Find out how multifunction EMV payment cards can benefit your company or organisation. Contact: enquiries@ecebs.com.