iNOVA

The prevalence of electronic cards in our society is now well entrenched. However, electronic card features provided by banks can vary greatly. Choosing the right Card Management System is the key to ensuring that the card services you provide to your customers are broad enough to meet all their needs and tailored enough to make your organization cost-effective.

iNOVA provides a comprehensive Card Management System for banks to issue electronic cards, including magnetic-stripe, EMV™ chip, and virtual cards. iNOVA is designed to address the highly volatile world of electronic cards and the low-edge debit card business. It provides a modularized, high-volume financial system with rich functionality and an all-inclusive processing environment for card issuance and merchant acquiring.

INOVA uses modern, open systems architecture to offer a single platform for a complete end-to-end card management solution based on flexible, modular technology.

Key Features

iNOVA Card Management System

Today’s consumers expect to carry a wide-ranging variety of payment transactions, whether at their local ATM, using a POS device at a retail outlet, or in their living room to make a purchase online.

To manage the rapidly evolving, fast-paced, and competitive card payments industry, iPath offers iNova, a highly flexible, modular, state-of-the-art card management system to ensure your services and operations are always at the cutting edge.

iNova offers a full-function Card Management System which provides comprehensive processing capability with rich functionality with the advantage of seamlessly integrating with core banking, mobile wallet, back-office operations, and support for 3rd party integrations.

iNova enables you to issue debit and prepaid cards. It offers great flexibility to allow customers to rapidly configure and launch new products. iNova is compliant with industry-leading card security standards, including PCI-SSF and EMV, which will give you the advantage of efficiently meeting regulatory and compliance standards.

Salient Features

Enterprise card management solution that supports debit and prepaid cards
Multi-tenant model, one deployment can serve multiple clients
It can be deployed within a bank or as a payment processor
Supports unlimited card products
Supports multi-language and multi-currency
Dynamic limit configurations (supports any combination of channel, transaction type, currency, scheme, and time duration of the limit)
Fully automated batch jobs for daily bulk operations with job monitoring features as well.
Customizable HSM interface (can connect to Thales, SafeNet, Futurex, or any other HSM)
Customizable Interface for Host and Scheme Integration (can connect to host/scheme on any file format)
Can be certified with VISA, Mastercard, UnionPay, or any other international scheme*
PA-DSS and EMV compliant. Follows all security practices as per PCI and EMV standards
Maker/Checker workflow for all sensitive configurations
Built-in lightweight Merchant Management

Design Innovation

iNOVA helps banks and financial institutions design new card products easily and offers complete lifecycle management to concur with new product initiatives. This unique approach gives Issuers the apparatus they need to remain at the competitive edge.

Rapid Deployment

iNOVA is designed to integrate into virtually any infrastructure swiftly. It has a suite of online, offline, and real-time options for integrating with legacy banking systems, authorization switches, payment scheme networks, and data warehouse systems.

Industrial Expansion/ Brisk Growth

iNOVA ensures rapid expansion across regions through its multi-tenant, multi-currency, and multi-language support. It defines fund sources, accommodates different account debiting options across all channels.

Security & Compliance

iNOVA is fully compliant with the PCI DSS standards, ensuring that your business is protected from potential security breaches. It can securely store and manage card information, PIN information and all related sensitive data while ensuring compliance with Payment Card Industry Data Security Standards (PCI DSS).

Fee & Limit Engine

INOVA’s flexible fee engine helps issuers integrate and automate their fee structure. It supports a wide range of transaction and event fees, including fixed threshold, percentage, time and dynamic limits with any combination of fee, currency, scheme or channel along with the capability of designing products with varying business models/fee structures to help financial institutions maximize revenue.

Time to Market

Identifying the need to design, develop and launch new products very quickly, iNOVA uses template-based product configuration. By integrating product attributes (such as permissions, limits, fees, etc.) into templates, which are then used for product configuration, new products can be launched rapidly.

Flexible Configuration

INOVA provides flexible configuration tools to help card issuers instantly create innovative card products. It enables Issuers to issue proprietary and globally branded card schemes. By choosing from a set of pre-defined card features, card issuers can design targeted card products including debit cards, pre-paid cards, loyalty and reward cards to meet their card program requirements. Issuers can enrich existing products with value-added-services to attract customers

Processor Model Deployment

Issue for yourself or process for others Issuers (white-label) in different geographies and time zones with independent and secure multi-institution management.

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