Namita Patel

  Card Management Systems (CMSs) have come a long way in their development, progressing from traditional signatures to magnetic strips and, more recently, to chips. These platforms have also adapted to handle a wide range of payment card types and emerging payment methods, making them a vital part of the payment infrastructure. Despite their significance, CMSs have not garnered as much attention as other payment channels like mobile payments and mobile commerce, primarily due to certain operational challenges, such as the somewhat cumbersome process of blocking lost or misused cards. Nonetheless, CMSs remain a crucial element of banking processes and play a pivotal role in the growth of the CMS market. This growth is fueled by ongoing innovations and investments by leading providers, resulting in modern CMS platforms that offer advanced functionalities for various use cases. These platforms support multiple products, languages, currencies, schemes, and payment types, including c...