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West African Bank Project
Provisional approval for new card payment platform for Major
West African Bank
London 05JAN07 - After a joint presentation between CCS UK
Ltd (CCS) and its processing partner, Electra Card Services, the
executive committee of one of Africa's largest banking
institutions have given provisional approval for dialogue to
move towards contractual agreements for the implementation of a
new issuing payment platform. This initiative will be a prelude
to a significant marketing strategy to increase market share of
the debit card space within the banks region. The new payment
platform will facilitate additional revenue growth through the
deployment of an advanced transaction acquiring and switching
EFT infrastructure as well as the provision of local currency
debit cards which can be used both domestically and globally.
CCS
led by Mark McDonald, Managing Director and Jack Chang, Advisory
Business Development Director will focus on providing program
management and marshalling adjunct resources (card production,
ATM, POS terminals, telecom providers) etc whilst Electra Card
Services will provide processing services, payment system
infrastructure and implementation resources.
Africa is experiencing a major growth surge as financial
institutions in the region are rapidly positioning significant
investments, to maximize on new market growth opportunities
brought through the demand for electronic payment services in
the region and continual strengthening of the internet and ATM
backbone across both metropolis and rural areas.
About Electra Card Services Ltd
Opusspft (http://www.opussoft.com)
was founded in 1997, with operations in North America, the Far
East and India. Its branded program ElectraCard, led by Electra
Card Services Ltd, is a comprehensive debit and credit card
management system which handles card-center requirements for
debit/ credit cards and provides quick and consistent response
time for managing data intensive card-issuing, bill production
and authorization requests It supports end-to-end requirements
of a credit card center including Card Application Processing,
Card Issuance, Online Authorization, Clearing and Settlement,
Dispute handling (Chargebacks), Statement Generation, Payment
Processing, Payment Follow-up and Customer Care. In acquiring
mode, it can also provide the customer with a comprehensive
Merchant Management module including settlements and merchant
care facilities.
About Credit Card
Solutions UK Ltd
CCS UK Ltd
(www.ccsprepay.com)
is a consultancy firm which since early 2005 has been consulting in the
area of prepaid debit implementation strategies specifically across the
Europe, Middle East and African (EMEA) region, expanding into Asia
Pacific and Latin America during 2006. By developing relationships with
issuing banks and transaction processors CCS guides its corporate
clientele to the most appropriate product offering based on a detailed
requirements assessment process and guidance by an internal financial
advisory counsel.
Contacts:
CCS Operations
Sharon Hay
admin@ccsprepay.com
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