TecBan Selects eFunds Open Platform Payment Switching Solution

Wednesday 27 October 2004 10:03 CET | News

Tecnologia Bancaria S.A. (TecBan) has selected eFunds IST/Switch to handle TecBans anticipated growth in ATM and EFT network transaction volumes.

TecBan, a major ATM & EFT Network operator in Brazil, turned to eFunds IST/Switch to provide a more flexible, open solution designed to reduce cost of ownership and the time required to bring new payment services to customers. eFunds IST/Switch open platform solution is designed to process multi-card payment transactions from any device or network. It gives TecBan the ability to run proven payment software solutions in-house, on a wide range of affordable open platforms, while ensuring a consistently high level of performance and availability. TecBan currently serves 53 financial institutions throughout Brazil and acquires transactions from more than 84 million active bank cards. In addition to scalability, cost, and time-to-market benefits, TecBan will be able to take advantage of eFunds customization and configuration flexibility to enhance application functionality without requiring costly code changes or system downtime. It is anticipated that this will help TecBan to better control the cost and risk of delivering new service introductions to cardholders throughout more than 350 Brazilian cities.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce