ME Bank is the only bank in Australia which is 100 percent owned by Australia's industry super funds. ME Bank's philosophy has been to deliver exceptional customer service, a no-nonsense approach to borrowing and products that are simple, fair and transparent â all with low fees, low interest rates and higher returns built in for industry super fund and union members.
âThe deployment of the Cadencie Cards platform to support ME Bankâs new EveryDay Transaction Account (ETA) was achieved successfully by teams from ME Bank and GFG Group, says Shane Kuret, ME Bankâs General Manager IT. âCadencie will allow ME Bank to deploy new products faster to market and enhance the features available in existing products, and deliver on our goal of giving our customers better services and better value banking.â
GFG Groupâs Executive Director, Dennis Row, says the Cadencie upgrade continues an eight-year partnership between GFG Group and ME Bank.
âCadencie supports the rapid introduction of innovative services, which is critical in the highly competitive Australian market,â Row says. âThe new GFG Cadencie system is based on Java technology and will allow ME Bank to launch new payment products faster and benefit from operational cost savings compared to competing card payment software platforms.â
As a first step, ME Bank is using Cadencie to launch its new flagship product EveryDay Transaction Account, designed to satisfy growing demand for simple, low cost and fair banking products. The EveryDay Transaction Account with Debit MasterCardÂ® supports PayPass, the MasterCard contactless card that allows users to simply wave their card at a reader to purchase goods for a value below $100. It paves the way to Near Field Communication (NFC), a technology allowing customers to store and emulate their credit or debit card on their mobile handsets.
ME Bank is planning the launch of multiple new cards in the coming months for both its personal and corporate customers. This speed to market reflects the modularity and scalability of the Cadencie platform.
ME Bank and the National Breast Cancer Foundation have also partnered to produce the limited PINK Debit MasterCardÂ®. In an Australian first, customers will help fund research into breast cancer prevention and cure every time they make a purchase with their PINK Debit MasterCard.