ElectraCard Services(ECS), a provider of software solutions and processing services for electronic payment systems, has chosen ECS's electraiTx series - the latest version of the electrapayment suite to run their ATM network and process credit and debit cards.
AB Bank runs a domestic network of 230 ATMs and is looking to rapidly expand their services within the country and expects to double their card users by 2015. They are leveraging ECS solutions to implement a safe, secure and convenient platform for enabling all their payment requirements.
AB bank is being managed by Cashlink Bangladesh Limited (CBL) Network.
This is also the first time AB Bank is launching a complete suite of credit cards for their customers. Bangladesh's leading banks form a part of the CBL network and is presently used by major local banks as a shared network for ATM switching as well as managed service provider.
Reazul Islam, head of e-business and IT, AB Bank said, "We were in need of a platform that was highly scalable and flexible which could be implemented quickly and meet our specifications. We chose ECS because they have proven installations across the globe and a faster go-to-market strategy that fits into our expectations. The product is extremely user friendly and easy to adapt to. We are confident that our partnership with ECS is in tandem with our business objectives."
(ECS) has also partnered with e-Revenue Gateway(e-RG), a payment processing and electronic transaction switching company to launch contact less electronic payments in Nigeria. The eRG payment cards offer consumers a choice of debit or prepaid smart cards with the first NFC (Near Field Communication) capabilities in the country. e-RG's platform is meant to better serve clientele in making and accepting payments, tax remittances and utility bill payments.
