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ASHRAIT
Leading Israel's payments arena
SHVA is proud to present the ultimate credit card clearing solution that is now leading Israel's national payments arena using the most advanced technology and in compliance with international standards for smart EMV payment cards. ASHRAIT was developed exclusively by SHVA, and is an original solution that incorporates the company's rich expertise and vast experience as a leading authority on transactions and payments.
Performing transactions simply and easily
ASHRAIT enables use of payment cards provided by all issuers in Israel and abroad to carry out transactions. The system supports fueling cards, loyalty club cards, gift cards, close loop payment (CLP) cards, and private label cards.
The customer swipes a card, ASHRAIT does all the rest
Validity checks
Checking the validity of the card at the terminal (card details, sum, and other aspects of the transaction).
Confirmation number
Generating a confirmation number for the transaction and transmitting transactions files.
Queries
Querying the transaction to receive confirmation from the credit company.
Remote updates
Receiving software updates and parameters from a distance.
More about the EMV standard
EMV is a collection of specifications developed by leading international credit card companies, including MasterCard, Visa, and EuroPay, in order to create a single, secure platform for transactions using payment cards with a microchip (often known as smart cards). The standard was formulated and is maintained by EMVCO. It defines requirements for the microchip application and how it communicates with ATM and POS terminals that support the standard.
What is EMV
EMV has several clear advantages over magnetic strip technology
Risk management
EMV-compliant cards and terminals support high-level decision making and risk management, based on the requirements of the issuer and acquirer.
Verification
The terminal validates the verification information provided by the card using public keys provided by leading international credit card companies that were loaded onto the card in advance.
Fraud prevention
EMV prevents use of forged cards, even when there is no way of contacting the issuer.
Dynamic exchange of verification data between the issuer and the card
Using data that changes from one transaction to the next enables smart cards to implement a complex verification process that cannot be done using cards with magnetic strips and contain only fixed data. The data is verified by the issuer to prevent fraud and abuse of information from previous transactions. The verification data received from the issuer in addition to the approval or rejection of the transaction is used to confirm that the response was received from the issuer and not from a different, possibly malicious source.
Choose SHVA Finance Products
Proven experience
SHVA has proven capabilities that enable all businesses and payment providers to enjoy a well-managed, certified solution from an experienced company that is a leader in the payments arena.
Maximum security
SHVA incorporates the most advanced information security solutions available, in order to protect your sensitive personal and corporate information.
International standards
SHVA complies with international standards and with the requirements for international certification such as ISO 2022, PCI, EMV, and more.
99.999%
SHVA has developed a reliable system designed to process large numbers of transactions in parallel, with a survivability rate of 99.999%.