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News

GFG Group, BRED partner for Banque Franco-Lao private label debit card

Thursday 19 January 2012 14:27 CET | News

Banque Franco-Lao (BFL), a joint venture between BRED Banque Populaire subsidiary COFIBRED and Banque pour le Commerce Exterieur Lao (BCEL), a bank owned by the State of Laos, has rolled out a private label debit card program using infrastructures developed by GFG Group and hosted and managed by BRED I.T. in Thailand.

GFG Group’s Cadencie connects BFL’s payments network through Oracle’s Flexcube retail banking system and also drives BFL’s issuing (including instant issuing) and acquiring activities for its private label cards and Visa cards.

BRED I.T. is a subsidiary of BRED Banque Populaire, which is part of the French Banque Populaire Caisse d’Epargne (BPCE) Group and. The company manages and processes services for multiple banks across multiple countries in the region.
 


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Keywords: GFG Group, BRED, private label debit card, cards
Categories: Payments & Commerce
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Countries: World
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