US-based Navy Federal Credit Union has selected Proxama’s payment application manager to migrate its portfolio of approximately four million debit cards to the EMV chip card standard.
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Proxama’s solution is a smart card lifecycle management system that offers advanced EMV card issuing and lifecycle management.
The solution will support central and instant issuance of Navy Federal’s Visa debit cards with chips containing the EMV application in addition to managing the lifecycle of those cards and applications.
Proxama said that payment application manager is part of its Digital Enablement Platform that offers a road-mapped solution from mag-stripe through EMV cards to mobile payment based on HCE and other models.
Proxama CEO of digital payments division Mike Woods said: "With EMV migration now firmly underway in the US, Proxama’s unrivalled legacy of supporting EMV card issuers and processors around the world has stood us in good stead in enabling us to provide Navy Federal with a robust and future-proofed EMV solution."
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By GlobalData
