Card Management & Gateways
Through the POST Card System of the Postilion Switch‚ Prizm Payments provides hosting of a full Debit and Prepaid Card System. Through its COPS‚ Channel Management Service and its partners‚ Prizm Payments can extend the hosting of the Debit and Prepaid cards to production‚ personalization and delivery of the cards to the customer location.
The Debit & Prepaid Card System is fully compliant to the latest Masgnetic Strip and EMV 3.0 Chip Compliance. The card system is also compliant to the standards laid down by the international card schemes of Visa‚ MasterCard and Amercian Express‚ In addition‚ the system has the following features and benefits:
Fully compliant with Visa‚ MasterCard and American Express guidelines
Ability to generate the Embossing and PIN Mailer files
Provides user interface for efficient card management – linking of cards‚ changing card status etc.
Capability of Multi–participant issuance
Prizm Payments is the only service provider that is a Third Party Processor (TPP) for Visa and MasterCard and has an in–house VAP (now EAS) and MIP. This ensures that all such transactions acquired by the Postilion Switch (from ATMs and EFT–POS devices connected to it) will be processed in a secure and efficient manner. Prizm Payments can also stage files for payment to the issuers and provide settlement and payment files to the acquirers.
