Toronto, Canada (PRWEB) June 8, 2008
NBS is proud to announce the fresh new face of our remote/branch issuance software, Xpressi™. Xpressi™ is the remote/branch issuance EMV™ (Europay Mastercard Visa) software that allows financial institutions the ability to issue debit/credit cards on the spot AND be EMV™ compliant.
Developed by NBS' software division, UbiQ®, and part of the UbiQPersoMaster™ family of proven EMV™ software products, Xpressi™ is a scalable, flexible and convenient way to ensure remote/branch issuance of secure, EMV™-compliant contact or contactless cards. XpressiTM can also produce "magnetic stripe only" cards in environments that do not require EMV™ compliance.
The primary driving force behind EMV™ migration was the elimination of credit/debit card fraud. The EMV™ standards address the fraud issue, but the dilemma had been "how do the financial institutions migrate to this standard yet continue to provide the immediate and "just-in-time" services that their clients demand?" XpressiTM software along with card printers from NBS deliver just that - instant EMV™-compliant card issuance at the branch level - security centrally managed and cards locally produced. XpressiTM is also conveniently cross-platform enabled so that it can operate with virtually any major manufacturer's card printer - so existing hardware can, in most cases, be accommodated.
Xpressi™ is deployable in any-sized financial institution that requires remote/branch issuance capabilities -- from a single branch location to large multi-national financial institutions. We have uniquely packaged our remote/branch issuance offering with Xpressi™ and feel that our bundled approach makes the task of EMV™ migration a bit more palatable. Existing NBS central issuance EMV™ customers can take advantage of UbiQ's reusable software modules and simply add-on a remote/branch issuance solution thus saving new investment at the Central Issuance Server.
"With the overwhelming success of our centralized issuance EMV™ software suite UbiQPersoMaster™, it seemed only natural that UbiQ® would have the experience and expertise to develop a market-leading EMV™ software solution for remote/branch instant issuance. This is a flexible and reliable solution that allows for the instant issuance of EMV™-compliant debit or credit cards while also managing security from a central location. Xpressi™ is also a sound solution for the smaller financial players - a solution that is flexible, scalable and affordable." says Ramesh Ajitiprasad, Director of Product Management, UbiQ® Software Division.
EMV™ migration is in full swing (or completed) in many European and Asian geographies and has sparked migration activities within the Canadian financial market. NBS boasts a wealth of international EMV™ experience and is well positioned within the Canadian financial market with Xpressi™ software coupled with the NBS line of Javelin® card printers and Advantage 2000® Series embossers. NBS will continue to rollout Xpressi™ throughout the remainder of 2008 as the remote/branch issuance solution that can help bring financial institutions into EMV™ compliance.
For more information about NBS and our complete line of EMV™ software/hardware solutions, please consult our website at http://www.nbstech.com.
Founded in 1994, UbiQ®, a division of NBS Technologies Inc., is based in Minneapolis, Minnesota. UbiQ® has developed industry-leading EMV™ software platforms to personalize smart cards using a wide range of card personalization equipment. Through patented technology, UbiQ® provides technology platforms that lead the industry in flexibility and expandability.
About NBS Technologies Inc.
For over 30 years, NBS Technologies remains a leading provider of equipment for card personalization, EMV™ compliance/migration, smart card and semiconductor manufacturing, secure ID, and payment solutions for financial institutions, governments, and corporations worldwide. The company manufactures specialized and complementary product lines within its Smart Solutions, and Payment Solutions divisions. NBS Technologies' head office is located in Canada with locations in USA, France, UK and China, along with a worldwide dealer network. NBS Technologies is a wholly-owned subsidiary of Brookfield Asset Management (http://www.brookfield.com), a specialist asset manager. Focused on property, power and infrastructure assets, Brookfield has over US$95 billion of assets under management and is co-listed on the New York and Toronto Stock exchanges. For more information, visit http://www.nbstech.com.