BPC Banking Technologies, the leading provider of Open System e-payment solutions for the global financial industry, announced that it had been selected by Soyuz Bank to provide a complete in-house EFT payment processing solution.
Following a competitive bid process BPCâs SmartVista solution will now be running card management, including EMV, local card products, merchant and ATM management as well as comprehensive fraud prevention for the Bank.
The Bank decided to move from an outsourced solution to a modern Open System platform to manage its ambitious growth plans for its paymentâs business.
SmartVistaâs broad range of capabilities effectively support and manage payments across all channels, including POS, branch, Internet, and mobile applications. From simple credit and debit cards to sophisticated loyalty programs and multi application smart cards, SmartVista supports all aspects of the payments business. After implementation is completed BPC will be supporting the Bank in the certification of its direct interface to the global payment companies Visa, MasterCard and Diners Club Russia.
âThe Bank wanted control of this strategic part of its businesses as well as a solution that would significantly improve its competitive advantageâ, said Mr Andrey Gorelov, Deputy Head of IT Systems. âSmartVista stood well ahead of its competitors and BPCâs staff impressed us with their industry knowledge and commitment to the customer.â
âWe are pleased to have been chosen by another major Russian bank, which is a further endorsement of our market leadership and SmartVistaâs competitive strengthâ said Richard Fillimore, Executive Vice President, BPC Banking Technologies. âWith SmartVista to support its payments business, Soyuz Bank will enjoy a scalable, low cost and flexible payments infrastructure for many years to come.â