Representing the next generation of ACI’s payments platform, BASE24-es will also aid the bank’s compliance with Europay Mastercard Visa (EMV) mandates calling for the introduction of chip cards to reduce card fraud in the region.
Using BASE24-es, Abu Dhabi Commercial Bank will consolidate two systems to a single platform for Point of Sale (POS) and A transaction authentication, routing, switching and authorization. The centralization of transaction authorization will enable Abu Dhabi Commercial Bank to monitor complete customer activity and make more informed authorization decisions.
The single platform approach will provide cost benefits due to reduced complexity within the systems environment and the related hardware and software support costs.
In deploying the software, Abu Dhabi Commercial Bank has addressed EMV compliance for both its A and POS networks. EMV will introduce a liability shift for fraudulent transactions from the banks to the non-EMV compliant merchants. The deadline for compliance is the end of 2005.
Abu Dhabi Commercial Bank will run BASE24-es on a Sun Solaris platform. The software is designed to operate on a range of platforms including Sun, IBM and HP leveraging the specific strengths and characteristics of each technology.
We will maximise the potential of EMV to offer our customers new multi-application smart card services, said Steve Dickens, chief operations officer at Abu Dhabi Commercial Bank. ACI’s BASE24-es will not only help us achieve EMV compliance, it will provide the scalability and flexibility to support future developments.
