Transactis, Sopra Banking to launch e-money platform in France

Thursday 4 April 2013 07:41 CET | News

Email billing technology company Transactis and European consulting company Sopra Banking Software have introduced an electronic money platform in France.

Transactis has selected the Sopra Banking Cards-Issuer, a component of the Sopra Banking Suite, to build the electronic money back office, the base of its new platform.

Based on Sopra Banking Cards-Issuer, the new multi-bank, multi-currency and multi-country electronic money platform enables Transactis to reduce the time to market the new card products and helps it launch new services following the example of mobile payments and Instant Issuing. Furthermore, it is directly connected to international network platforms.

Since 2013, the electronic money factory has been used by all Société Générale customers (corporate, private and business customers) throughout the electronic money value chain, and is about to host, in 2013, the part relating to cards’ contract management from La Banque Postale (operations are already handled by Transactis) and cards management and operations of Crédit du Nord.

In 2008, Société Générale and La Banque Postale decided to pool their electronic money activities and created the joint venture Transactis, thereby connecting two similar-sized actors but whose cultures are different. For 2012, Transactis has managed 26 million cards for both companies (including all savings cards for La Banque Postale) and has processed 2.15 billion transactions.

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Keywords: Transactis, Sopra Banking, e-money platform, France
Categories: Payments & Commerce
Countries: World
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