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Two leading global payments suppliers, TAS Group and OmniSafe, Inc., announced today that they have joined forces to deliver a complete EMV card issuing solution for U.S. banks. OmniSafe will begin deploying TAS Group’s new EMV instant and central card issuing solutions later this month.
The U.S. is in the process of migrating to EMV-based chip cards, which are substantially more secure than conventional magnetic stripe credit and debit cards. Card brands American Express, Discover, MasterCard, and Visa have decided, through a liability switch mechanism, that the U.S. payments industry be EMV compliant beginning in October 2015. TAS and OmniSafe help issuers, merchants and processors meet these deadlines.