FIME has announced the completion of a period of consultancy and testing to validate Nabil Bank’s POS terminals and host acquirer platform infrastructure to UnionPay, MasterCard and Visa specifications. The project forms part of Nabil Bank’s preparation for migration to EMV chip payments technology and was completed in just two and a half months.
The Nepalese bank partnered with FIME to ensure that its two EMV POS devices are compliant to the individual terminal integration requirements designated by each of the payment systems. The host acquirer platform certifications, also completed by FIME, confirm that the bank’s infrastructure adheres to the functional standards set out by the three payment systems. These standards aim to ensure that POS terminals connected to the bank’s network are using the same ‘language’ to relay information.
Niraj Sharma, Head – Cards & e-Banking at Nabil Bank, comments: “While EMV migration deadlines are not currently set for Nepal, the security of our customers’ finances is of paramount importance to us so we have chosen to adopt chip technology regardless. These accreditations demonstrate our commitment to full EMV deployment and FIME’s expertise has helped us move forward with this process quickly, cost effectively and with minimal complications.”
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