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PT. Collega and ElectraCard Services Enter into 10 Year Multi-Million Dollar Payment Technology Modernization Agreement - ECS to drive network of 5000 ATMs for more than 20 Banks - Collega.co.id / ElectraCard.com
PT. Collega and ElectraCard Services Enter into 10 Year Multi-Million Dollar Payment Technology Modernization Agreement

 

PRZOOM - /newswire/ - Pune, India, 2013/09/11 - ECS to drive network of 5000 ATMs for more than 20 Banks - Collega.co.id / ElectraCard.com.

   
 
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ElectraCard Services (ECS), a global provider of software and processing solutions for enterprise payment systems, announced a 10-year, multi-million dollar agreement with PT. Collega Inti Pratama (Collega), a leading banking technology services provider in Indonesia. PT. Collega has selected ECS to replace their legacy payment processing systems with ECS’ PA-DSS compliant electra solution suite.

PT. Collega offers ATM driving, inter-bank and network switching and card processing services for banks across Indonesia. Collega has initiated its technology modernization effort to facilitate an advanced services offering to its member banks. The ECS platform will help PT. Collega scale to drive 5000 ATMs and process 10 million cards for 20+ banks and enable Collega to provide Value Added Services including remittances, bill payments, mobile top-ups, ticket bookings, Haj payments and teller initiated payment transactions. PT. Collega also plans to launch new services like contactless payments, e-commerce and m-commerce acquiring, Islamic and conventional credit cards, financial inclusion and loyalty solutions.

The electra iTx series is a next generation SOA based transaction processing platform that includes a configurable message transformation engine which facilitates integration with external systems using online messages, offline extracts and configurable services.

Mr. Afrizel Aziz, President Director, PT Collega said,“Given our ambitious growth plans, we wanted to upgrade our payments infrastructure to a more scalable and robust platform. As such, we wanted a stable solutions partner with a strong track record in proven reliability, ease of integration and volume scalability. ECS’s impressive solution stack with a very high demonstrated performance benchmark, their singular focus on the payments domain and a long-term vision made them the ideal choice for this partnership.”

Mr. Ramesh Mengawade, CEO, ElectraCard Services said,“Indonesia is a mature and extremely competitive payments market. We are confident the electra suite will enable PT Collega to introduce innovative, market-leading solutions at competitive price points to further increase its market share.”

About Collega
PT. Collega Inti Pratama (collega.co.id) provides Switching, Card management, Core banking, Loan Origination, Trade Finance, Risk management, Treasury, Cash Management, Asset and Inventory Management solutions and services to banks in Indonesia.

About ElectraCard Services
ElectraCard Services (electracard.com), a subsidiary of Opus Software Solutions (opussoft.com), is a leading provider of software solutions and processing services for electronic cards and payment systems across the globe. ElectraCard Services facilitates banks and financial institutions, retailers, exchange houses and telcos to electronically process, in real-time, card transactions, online transactions, mobile payments and services, and contactless payments. ECS is a PCI-DSScertified Third Party Processor (TPP) for MasterCard® and VISA® across the issuing and acquiring space. ECS’ extensive global experience with deep domain knowledge and a comprehensive and robust solution enables the company to provide cost effective solutions that address the flexibility challenges of today’s financial market.

®MasterCard is a registered trademark of MasterCard International, Incorporated.
®VISA is a registered trademark of VISA International Service Association.

electra is under trademark and copyright by ElectraCard Services.

Media Contacts
Mona Pandit / Bhawna Mishra - Ketchum Sampark PR
M: +91 98600 82449 / +91 97674 31047
E: mona.pandit[.]ketchumsampark.com / bhawna.mishra[.]ketchumsampark.com.

 
 
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Agency / Source: ElectraCard Services (P) Ltd

 
 

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PT. Collega and ElectraCard Services Enter into 10 Year Multi-Million Dollar Payment Technology Modernization Agreement

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ElectraCard Services | PT. Collega Inti Pratama
Contact: Rukuma Viegas - ElectraCard.com 
+91 20 30925100 rukuma.viegas[.]electracard.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ElectraCard Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

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