Customizable Prepaid Cards for Largest Multinational Bank
The customer is the largest private sector bank in terms of assets and market capitalization in India. Through its multiple group companies, the customer is offering a wide range of range of banking and financial services to both corporate and retail customers across 19 countries globally.
The customer is a pioneer in offering innovative banking solutions and services. the bank intends to further strengthen its card management business portfolio to address the growing card market segment.
The customer is currently using a legacy card management product suite and it lacked functionalities to handle high volume transactions and support flexible prepaid card solutions including branding of cards. The customer wants to replace its existing legacy system with a cutting-edge and feature rich card management solution that is scalable, secure and reliable. Also the customer wanted a solution that enables them to take the prepaid programs to market at a much faster pace.
FSS is partnering with the customer to deploy FSS CMS 4.0, a PA-DSS certified product and support its prepaid card business program. FSS CMS is a comprehensive Card Management System that enables banks and financial services company to manage their end-to-end card business portfolio. Designed for guaranteed uptime, the CMS supports new functionalities such chip based cards, virtual cards, and card inventory management. The CMS provides the flexibility to define, create and rollout customized prepaid programs to meet myriad end-customer needs. In addition, the solution also offers a self-service portal that will facilitate business agents of corporate customers manage their day-to-day activities.
- Highly robust prepaid card platform built to support customers’ aggressive growth plans.
- Supports multi-channel transactions and top-ups – POS, ATM, e-commerce, m- commerce, internet and mobile banking.
- Supports multi- Institution, multi-currency and paperless PIN card programs.
- Configurable authorization engine to meet growing business demands.
- Intuitive self service portals for different business units.