eFunds International Limited (NYSE: EFD), a leading provider of risk management, electronic payments and global outsourcing solutions, today announced that CreditCard Services Company (CSC), a leading processing provider in the Middle East and Africa, has bought its DataNavigator solution.
DataNavigator is a comprehensive software solution that enables real-time EFT data management and customer support through single-point access to the vast flow of information coming from ATM and POS locations.
CSC, based in Beirut, manages more than 10 million transactions for clients every year. With DataNavigator, the company will be able to offer its customers immediate access to their own transaction information online, to enable them to perform transaction research, device management, settlement and reporting functions 24 X 7. The solution will also be used to facilitate customer query handling at CSC’s help desk.
Dr Marwan Kaddoura, Chairman, CreditCard Services Company, says: "Our clients needed faster and more efficient access to detailed back office information, but this was becoming a serious challenge as our network grew. DataNavigator is able to speed up resolution of customer calls or permit customers to handle more of their back office requirements on a self-service basis. For us, this means lower per-transaction costs, improved profitability and the ability to add significant value to customer relationships."
Ron Drake, Managing Director, eFunds International, concludes: "With the increase in electronic transfers, banks and financial institutions are faced with expanding databases and numerous repositories of transaction records. CSC is a long-standing client of eFunds International and we are pleased that DataNavigator is now helping further improve their payment management operations as their business goes from strength to strength."