Ecobank Group rolls out African processing network on Tieto card suite

Source: The Ecobank Group

The Ecobank Group has developed an extensive processing network now operating in 34 countries based on Tieto Card Suite payment solutions. Ecobank is the leading pan African banking group in Africa with a presence in more African countries than any other bank.

The latest affiliate to join was Mozambique. In cooperation with Tieto, Ecobank has built a reliable and flexible platform and implemented enterprise architecture allowing the Bank to pursue new levels of international commercial banking, enhanced profitability, and operating efficiency.

Ecobank issues Private label, as well as Visa and MasterCard international payment scheme branded cards. Its card products include debit, credit, virtual, prepaid and unique instant debit cards that allow the customer to receive a personalized payment card within 10 minutes. With Card Suite software Ecobank has passed PCI DSS certification, implemented smart cards and a fraud management system that have significantly reduced the losses related to fraudulent activities with payment cards.

“Through standardized, but operationally efficient approach Ecobank has been able to successfully expand to a large number of countries, thus minimizing costs and potential risks. By implementing a unified IT platform that included Tieto`s Card Suite, Ecobank has attained common business and IT practices and improved customer servicing in all countries,” said Maris Ozolins, Director of Cards, Tieto Financial Services.

Lloyd, ATABANSI, Ecobank Group CTO & MD of Eprocess (a Technology company of Ecobank), Ecobank, says:”Ecobank Group has deployed the Tieto Card Suite system in a centralized platform covering 34 countries. This platform covers two main products: Private Cards (Debit, Credit, Prepaid, Salary, Gifts, etc) and International Cards (Visa, MasterCard, etc). This centralized platform gives us the ability to shorten our time to market in deploying new products across all countries. The most recent case was the deployment of MasterCard acquiring across 25 countries in less than 5 hours. We have been able to pass the PCI DSS certification in 2012 and this certification gives our cherished customers the confidence to transact using our cards with maximum security and protection.”

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