| What is required on a Bank’s behalf to Issue Cards
and/or Acquire Merchants? |
A Visa or Mastercard Principal membership. |
| |
| What is required on a Bank’s behalf to use ATM Switching
Services? |
A Visa or Mastercard Debit Acquiring
license and the bank’s internal ATM network. |
| |
| Does Credomatic have an alternate site? |
Yes, Credomatic has an alternate
site in a hurricane-proof alternate facility. |
| |
| What type of Controls does Credomatic’s system have
to prevent fraud? |
Credomatic uses state-of-the-art
fraud control systems that allow issuing and acquiring institutions to
prevent and detect fraud at an early stage. Such systems use customized
spending patterns and fraudulent transaction characteristics to detect
any sort of unusual activity. |
| |
| Does Credomatic manufacture plastics? |
Credomatic offers embossing as part
of our services; however, the design and manufacturing of card must be
handled through an outside vendor. |
| |
| How long does it take to go live with Credomatic’s
services? |
It usually takes 60 days to go live
with Credit Card Issuing from the time the contract is signed. For Debit
Card issuing, implementation time is 90 days from the time the contract
is signed. For Merchant Acquiring Services, implementation is 90 days
from the time the contract is signed. For ATM Acquiring Services, implementation
is 180 days from the time the contract is signed. |
| |
| Which terminals are supported? |
Verifone Omni 37XX series - High-end
EMV capable Verix terminals
Verifone Omni 33XX series - Mid-range EMV capable Verix terminals
Verifone Omni 3600 series - Portable, wireless-capable EMV capable Verix
terminals
Hypercom T7 - Any T7 series standard counter-top terminal
Hypercom ICE 5000 – POS terminal with combined mag stripe and
EMV support
Hypercom ICE 5500 - Advanced counter-top payment terminal
Hypercom ICE 4000 - Wireless, portable payment appliance
Hypercom ICE 6500 - Deluxe Counter terminal and secure web appliance
|
| |
| Does Credomatic provide the terminal application? |
Yes, Credomatic provides a terminal
application for both Verifone and Hypercom terminals. |