Tieto's card acquiring solution highly ranked by PayX Research Limited

19 May 2009

PayX Research Limited conducted an independent survey on payment card acquiring systems in order to evaluate the situation on the market and to assess vendors that are eligible to meet the market challenges. Tieto Card Suite was among the products highly ranked. The main strenghts of Tieto's Card Suite were customer satisfaction, the support provided by Tieto and the company's continuous investment in the product.

14 vendors were selected as eligible. Their solutions were evaluated by industry experts through discussions with leading consultants, by information submitted by vendors and by follow-up discussions with vendors and their customers.

"Bank and processor payments infrastructures are being quickly forced into mass change. Given many have over 25 year old systems then this, for the majority, is a one-time opportunity to make key decisions ensuring a solid base for their future business. Banks and Processors need to be independently informed from an industry authority, such as PayX, of who the best of breed suppliers are and why, not only on a product functionality level, but also on corporate stability and customer satisfaction levels. Tieto measured well with strong historical evolution and future commitment." says Adrian Hausser, CEO, PayX. "It was a pleasure working with the enthusiastic quality Tieto team on this assessment."

"Optimization and cost-savings being currently strong focus areas within financial organisations, a survey conducted by PayX Research on payment card acquiring systems answered the market's demand and gave an expert's view on the situation." says Maris Ozolins, Head of Cards, Tieto, "We are glad that Tieto Card Suite was positively evaluated in the survey. This gives us good benchmark for further development of the solution" Ozolins concludes.

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