P3 is a turnkey solution comprising of a Windows-based application and a FIPS 140-2 Level 3 approved Hardware Security Module (HSM). It provides a simple low cost EMV data preparation solution for issuers to migrate from magnetic stripe cards to EMV smart cards. P3 enable issuers to securely generate and manage all EMV card key and data in-house, providing full control over the process. Supporting a variety of output formats, the solution gives issuers the flexibility to choose one or more personalisation bureaus for card production.