International payment systems provider ACI Worldwide Inc., announced it is working with Credit Agricole Cards and Payments to update the payments infrastructure for Credit Agricole, one of the biggest banks in Europe.
As the foundation for its ongoing project, CACP has implemented BASE24-eps running on IBM Power 770 systems. This project enables the bank to begin supporting customers internationally.
The company has selected ACI Payment Service Management powered by Prognosis to work alongside BASE24-eps. The Prognosis solution from Integrated Research provides insight and visibility across BASE24-eps implementations, and provides financial key performance indicators and analysis.
The first step of the overhaul program was the creation of a new vendor-independent ATM acquiring solution to support Credit Agricole's network of 22,000 ATMs. The latest element of the project involves the creation of an international switch, enabling Credit Agricole Cards and Payments to route its clients' payments directly to MasterCard, without going through the national switch in France.
Credit Agricole Cards and Payments has also started working with ACI to use BASE24-eps for transaction authorization for the 30 million cards issued by the various Credit Agricole institutions.
"ACI's solutions enable financial institutions to perform efficiently and effectively so they can maximize the benefit to their customers," said Ralph Dangelmaier, president of global markets and services at ACI Worldwide. "By helping them to deliver cutting edge technologies which result in greater efficiencies we are helping them assume a stronger position in today's global economy."
"When we selected BASE24-eps we knew we were getting a solution that could grow with us in the future, both in France and internationally, and give us a strong foundation on which to build our business," said Bernard Noel, CEO of Credit Agricole Cards and Payments. "Our best-of-breed solution will not only help us support Credit Agricole, but also many other clients outside of the group and throughout Europe."
For more on this topic, visit the transactions processing research center.