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 BPC's 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 payment's business.
SmartVista's 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.
"The Bank wanted control of this strategic part of its businesses as well as a solution that would significantly improve its competitive advantage", said Mr Andrey Gorelov, Deputy Head of IT Systems. "SmartVista stood well ahead of its competitors and BPC's staff impressed us with their industry knowledge and commitment to the customer."
"We are pleased to have been chosen by another major Russian bank, which is a further endorsement of our market leadership and SmartVista's competitive strength" said Richard Fillimore, Executive Vice President, BPC Banking Technologies. "With SmartVista to support its payments business, Soyuz Bank will enjoy a scalable, low cost and flexible payments infrastructure for many years to come."