New EMV Chip Card Transaction Solution Plugs Into Existing Card Payment Authorization Systems Used by Issuers, Acquirers and Processors

CHICAGO, April 29, 2016 -- Opus Consulting today announced the release of a new solution – the Opus EMV Transactions Accelerator – that card issuers, acquirers and processors can use to process EMV chip card transactions with their existing core-authorization engine application. The EMV Transactions Accelerator can be used with all debit, credit and prepaid card authorization systems, and it supports all leading hardware security module (HSM) brands. Implementation and integration is quick and easy, and the solution has minimal impact on an authorization system’s performance.

"Retailers have purchased new POS card payment systems that can accept both EMV card-insert and card-swipe payments, only to find that their merchant provider isn't able to process the EMV data efficiently," said Anand Ramakrishnan, CEO of Opus Consulting. "Our EMV Transaction Accelerator solution, which consists of two plug-in modules inserted before and after the existing core-authorization engine, identifies and processes the EMV data so that the authorization engine can approve or reject the payment request. It's a quick, cost-effective way of leveraging their existing system to speed processing of the new EMV chip card transactions."

Benefits of EMV Plug-in:

  • Plugs into all debit, credit and prepaid card authorization systems
  • Easy integration with legacy payment systems
  • Supports leading hardware security module (HSM) brands
  • Quick implementation
  • Enables EMV transaction processing with minimal impact on existing system performance

About Opus Consulting Solutions

Opus Consulting Solutions is a leading payments domain-focused, technology services provider headquartered in the US. Its 800+ professionals combine a wealth of experience, domain expertise, technology capabilities and mature processes to deliver market-leading solutions through the domain service lines of remittance, cards, retail and payments and technology service lines of digital, data & analytics and testing.

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