ePIN Electronic PIN Issuance Solution
ePIN is an end-to-end software solution that allows a financial institution to issue or change the PIN of their customers electronically based on the split-knowledge principle.
Today, the majority of financial institutions and card issuers use PIN mailers to deliver by post or courier the PIN to the cardholder.
Benefits of ePIN Solution:
Mellon ePIN can either complement or completely replace existing PIN generation and delivery procedures:
- Considerable cost savings from paper, printing equipment, maintenance and postal expenses
- Fast implementation
- Speed – card holder no longer has to wait for days for their PIN mailers to be delivered, making the solution ideal for instant issuing
- PIN delivery is made with maximum security
- PIN is encrypted during the entire life-cycle
- Thales HSM module is used to produce the cryptographic information that the customer needs to “discover” his PIN
- All communications (requests/responses) between ePIN solution and other systems are encrypted
- ePIN is following PCI security requirement –successfully audited by Trustwave
- No storage of any information related to the customer or the card is required
- PIN is encrypted during the entire life-cycle
- Easy adaptation to bank systems & workflows.
- Simplifies the card activation process for the card holders, providing at the same time an increased sense of security
- Improves Eco profile – no paper is used
