ChinaSoft International (HKSE: 354, "ChinaSoft") today announced the signing of a credit card system development and managed service contract with China Everbright Bank, for further establishing ChinaSoft's leading position in the high end credit card service market. Meanwhile, ChinaSoft's new generation self owned intellectual property credit card system TOPCard has successfully gone into operation for Shanghai Bank with zero error rates, showing the TOPCard product is highly advanced with complete function and outstanding performance.
The credit card system of China Everbright Bank is based on the world known high end product, VisionPLUS, operating on IBM's mainframes. VisionPLUS strictly requires a highly skilled technology and operational service team, which is recognized as the peak of credit card IT service in the industry. ChinaSoft has been dealing with VisionPLUS on integration and consulting service since 2002, and built a full scale skilled service team with the capability of integration, consulting, customization, managed service and training. The major banks in the United States and Europe mainly use VisionPLUS as their core credit card systems. ChinaSoft considers the banks as the primary partners for future business development. The contract with China Everbright Bank will likely enhance the service scale and the technology skill for ChinaSoft's VisionPLUS service team, helping ChinaSoft on international business deployment.
The VisionPLUS used by China Everbright Bank is a world famous software brand, and the TOPCard system used by Shanghai Bank is a self owned intellectual property credit card system, highly competitive in the international market, developed by ChinaSoft based on its years of service experience in the credit card system industry. Compared with the software systems coming from overseas that are commonly used by local Chinese banks, the function settings of TOPCard are more close to the local market. The technology frame structure of the product is more advanced, with perfect stability and flexibility; moreover, its performance is fully considered on the scale development potential of China's local market, and its service is more close to the customers. These advantages are recognized by Shanghai Bank during the successful implementation process of the product. TOPCard also attracts much attention and is highly rated from giant size joint- stock commercial banks and foreign-capital financial institutions, it will establish a solid foundation for business expansion on the areas of regional commercial bank, foreign-capital bank and even joint-stock commercial bank credit card systems as well as on other credit card system related business directions.