Banco Atlantida in Latin America chooses SmartVista to strengthen its retail payment business

7 July 2009

BPC Banking Technologies, a recognized provider of e-payment solutions for the global financial industry, announced that Banco Atlantida, Honduras has signed a contract to implement a fully functional in-house retail payment processing center based on SmartVista Suite of software products. The project is designed to replace outsourced processing system for acquiring of ATM and POS transactions as well as processing and issuing of both debit and credit cards with the modern and proven SmartVista solution. The contract enabled BPC to enter the opportune Americas market.

Founded in 1913, Banco Atlantida SA is the largest bank in Honduras and one of the leaders in the retail financial services market. With a significant number of branches and POS terminals, the bank provides a broad range of products and services to numerous clients throughout Central America. In order to develop its retail business, focused on large-scale retail projects, the bank opted for SmartVista as a reliable platform to support cross-country operations – for its Honduras and Belize operations. The project aims to replace separate card centers with a centralized card management solution.

The flexible SmartVista based IT-infrastructure will enable Banco Atlantida to launch innovative card products and services and to significantly reduce time-to-market with the modern technological tools. In addition to payment processing, SmartVista offers a broad range of capabilities to effectively support and manage all sorts of card based banking products - from a simple debit card to multiple credit cards integrated with retail account maintenance and lending environment. The end-to-end SmartVista solution brings comprehensive value added functionality such as fraud prevention and monitoring to enable timely detection and prevention of fraudulent activities as well as a number of self-service features which can be easily integrated with the existing payment solutions for hotels and restaurants. Among SmartVista superior advantages is the ability to deliver innovative products such as merchant distribution and single payment with flexible parameters and with fewer customizations.

“For nearly 100 years Banco Atlantida has distinguished itself through advanced banking services to fit our clients’ ever-changing needs. We see SmartVista implementation as a valuable means to make the most of the emerging e-payment opportunities. Not only will BPC software solution enable us to offer innovative card based products to clients across the Americas, but it also means we can continuously extend our product range to meet new trends and to offer an even wider choice of retail financial services”, David R. Bueso, Vice Presidente, Banco Atlantida.

“The BPC Team is particularly delighted to have been chosen by Banco Atlantida to implement SmartVista to modernize the bank’s Retail Payments solution. The broad functionality of SmartVista and its ability to support a large variety of Retail Payment products and services provides Banco Atlantida with proven flexibility and exceptional advantage to offer enhanced service to the bank’s customers. We are keen for the bank to benefit from BPC’s deep industry knowledge and wide experience, which help our clients achieve minimal time-to-market and maximum business value propositions. We believe that the project with Banco Atlantida will open new doors to the Americas e-payment market”, Rajan S. Narayan, Managing Director BPC Latin America and Asia Pacific.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development