Fime has completed consultancy and testing to authenticate Nepal-based Nabil Bank’s point of sale (POS) terminals and host acquirer platform infrastructure to UnionPay, MasterCard and Visa (EMV) specifications.
The Nepalese bank teamed up with Fime to ensure that its two EMV POS devices are compliant to the individual terminal integration requirements prescribed by each of the payment systems. It is also a part of Nabil Bank plan to migrate to EMV chip payments technology.
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Fime, an EMV implementation partner, confirmed that the bank’s infrastructure adheres to the functional standards set out by the three payment systems.
These standards have been designed to ensure that POS terminals connected to the bank’s network are using the same ‘language’ to relay information.
Nabil Bank cards & e-banking Niraj Sharma said, "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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By GlobalData
