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BancABC, an African banking group, has selected Tieto’s card issuing solution for their payment card operations. The group is one of the leading financial institutions in the Southern African region and is in the process of expanding its services into retail banking. BancABC operates in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe.
Tieto’s Card Suite solution will provide centralized, uniform management of card operations in all BancABC’s operating countries. The suite will also give a competitive advantage through increased cost-efficiency and more effective operations control. The system will support a wide range of credit, debit and prepaid cards, enabling the bank to offer end customers a variety of card products and tailored payment services.
Gavin Savala, Regional Manager, Card Issuing and Acquiring, BancABC says: “We see big potential in the development of the payment card market in the Southern African region. We were looking for a reliable and advanced card solution partner to support our active market entrance strategy. The flexibility of Tieto’s card solution supports our goal of offering our customers a variety of card products and further developing the product line as the business grows.”
Maris Ozolins, Director of Cards, Tieto Financial Services comments: “The rapid growth in the Southern African retail banking sector is leading to rising demand for payment card services. Tieto’s expertise coupled with BancABC’s commitment to quality and consistency creates a good platform for providing high-quality services and versatile card products to meet consumer needs.”
Tieto Card Suite is a payment card solution for issuing, acquiring, switching, clearing, settlement and fraud management. The solution is used by banks and large payment card transaction processing centers in 30 countries worldwide. Card Suite customers have chosen Tieto for its capability to deliver innovative solutions with a solid return on investment.