NEW YORK — South Africa-based Absa Group Ltd., a member of the Barclays Group, has gone live on ACI Worldwide Inc.'s BASE24-eps, a software for online payments processing.
According to a news release, Absa's BASE24 system processes transactions from 48,000 POS devices and nearly 7,000 ATMs — managing more than 836 million transactions in 2008. To date, Absa has successfully migrated issuer processing for around half of its card base onto BASE24-eps and plans to roll out acquirer functionality in a later phase.
"Absa believes that the right investments in technology can deliver real benefits to the bank and, in turn, our customers and shareholders," said Tertius Haak, Absa's general manager of service delivery. "Having used BASE24 for many years, it was an easy decision for us to migrate to BASE24-eps, which has a more modern architecture."
Absa has been a BASE24 customer since 1995.
BASE24-eps builds on BASE24 by providing added agility using open systems technology to deliver an enterprise service for all retail banking payments. It is a multiplatform solution that can acquire transactions across many different channels, manage electronic payment devices and perform high-volume switching, routing and authorization services.
BASE24-eps is now live at 40 organizations around the world.
