Australia's award-winning ME Bank has gone live with the latest version of New Zealand-headquartered GFG Group's Cadencie card management software.
ME Bank will leverage Cadencie's Java platform to speed the implementation of new card and payment products for customers.
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 - all with low fees, low interest rates and higher returns built in for industry super fund and union members.
"The deployment of the Cadencie Cards platform to support ME Bank's new EveryDay Transaction Account (ETA) was achieved successfully by teams from ME Bank and GFG Group, says Shane Kuret, ME Bank's General Manager IT. "Cadencie 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."
GFG Group's Executive Director, Dennis Row, says the Cadencie upgrade continues an eight-year partnership between GFG Group and ME Bank.
"Cadencie supports the rapid introduction of innovative services, which is critical in the highly competitive Australian market," Row says. "The 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."
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 MasterCard® 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 carcard 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.