CardPro V5 to power Golomt Bank’s credit and debit card system

Singapore, January 2006 – SESDAQ-listed System Access Limited ("System Access"), one of the leading global providers of customised software solutions for the banking and financial services industry, has successfully implemented its CardPro V5 suite of consumer and commercial card management and payment solutions for Golomt Bank in Ulaanbaatar, Mongolia.

The project was made successful by the System Access GeneSys team, a fully owned subsidiary of System Access Limited. Golomt Bank is the largest private commercial bank in Mongolia. In November 1999, System Access GeneSys’ CardPro v3.3 was implemented to enable the bank to issue 200,000 cards to their customers. As part of Golomt Bank’s aggressive business expansion, they needed to increase their customer base.

CardPro is a secure, tested, complete card and payment processing solution. CardPro runs on an open platform and is possibly the most technologically advanced of its class. In addition to its customer centric design, it provides flexibility in offering a wide variety of card products to cater to different segments of the market. Its strong competitive advantage is its proven track record in supporting a wide range of international payment associations’ standards such as Visa, MasterCard, Diners, American Express and JCB. It is also compliant with various local government regulations and standards.

The installation at Golomt Bank is deployed on Sun Solaris operating system and uses an Oracle database to maintain customers’ information.

Director of Card Centre, Golomt Bank of Mongolia, Mr. Enkhtuvshin Sodnomtseren said, "CardPro V5 is truly a powerful application. From issuing about 200,000 cards, we’re now able to expand our business to cater to a wider market. This will contribute to a more profitable venture for our bank".

Ms Cynthia Wan, Vice President of System Access GeneSys noted, "The implementation in Golomt Bank was successfully achieved due to teamwork and commitment from the joint Golomt Bank and System Access GeneSys team. This success is entirely in line with our growth strategy and perfectly supports our ‘Customer for Life’ philosophy".

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