CIT Global assists its customers globally in the implementation of EMV and multi-application projects.
Our EMV Center of Excellence, hosting extensive pool of qualified consultants, has been instrumental in delivering key services to our customers and partners.
The compliance with the international standards of EMV and its local variations such as SPAN2 is a real challenge to any bank. This is because the compliance is considerably complex task which involves technical and business aspects in one project. Every financial institution decides to comply with the EMV standards has to ensure that this complex maneuver will achieve its strategic goals and will help the financial institution fulfilling its mission and business objectives.
The consultancy offering consists of number of linked tasks comprises an end-to-end consultancy service aimed to assist the banks to achieve successful and smooth EMV and SPAN 2 migration. To list the offerings we have:
1. Awareness workshops
2. Business strategy
3. GAP analysis
4. RFP Development & Proposal evaluation
5. Testing & Certification Consultancy
6. Project management office (PMO)
The business strategy consultancy is aimed to define the bank vision and business objectives from compliance with EMV/SPAN2 specifications, develop the issuing/acquiring strategies, develop compliance options and recommendations and finally define critical strategic decisions for compliance forward.
The Gap analysis consultancy is aimed to conduct a full gap analysis for the bank infrastructure, business and operations compliance aspects. This phase is conducted in four main sub-phases, the quick scan phase where the current environment is defined and documented, the target environment phase where the future EMV/SPAN2 requirements and thus environment is well defined, the gap analysis phase where the gaps between the current and future environment are identified with implementation options and recommendations forward, and finally the migration roadmap phase where the full roadmap is developed under a stepping approach with well defined.
The RFP development consultancy is aimed to assist the bank in the development of RFPs for either upgrading an existing system or buying a new one. The scope of this phase will cover all the aspects of the RFP development such as scoring criteria, RFP checklist, mandatory and optional requirements. This may include ATM switch, smart card management system, personalization system, terminals, smart cards, HSMs &etc.
As for proposals evaluation, CIT offer to conduct the evaluation and scoring from technical and business perspective, excluding the financial negotiation.
The testing & certification consultancy is aimed to assist the bank in assessing their current testing environment and developing an updated one to cope with the needed SAMA certification, in addition to building testing strategy, testing plan and test cases in preparation for a successful SAMA certification. In addition, qualified testing and certification resources may be outsourced to the bank to undergo the certification process.
Finally, the EMV migration project is considered considerably complex so that a Program Management Office will be of a great need during the migration project. Hence, CIT has designed a program management office consultancy assignment to assist the banks in the migration project. The scope of OIB will cover overseeing the migration sub-projects, advice on the strategic planning, coordinate with the external parties&etc.
