FIS, a provider of banking and payments technology solutions, has been selected as electronic payments partner by Bank of Maharashtra, a public sector bank in India.
The India-based bank has chosen FIS’ open systems-based switching solution, card management solution and its card fraud and risk monitoring system in order to modernize its payments platform.
According to FIS, the integrated platform provides the bank with a future ready solution with rich functionality and scalability characteristics to meet the bank’s projected growth in transaction volume.
FIS said that its switching platform and card management system is now live. Bank of Maharashtra has completely replaced their legacy platform in a single cutover exercise, with minimum disruption to this critical customer-facing channel.
In addition to the switching environment, FIS also has implemented its card management application, providing the bank with an integrated debit card lifecycle management solution with a proven track record on scalability, availability and performance, in addition to strong feature set.
Raja Gopalakrishnan, managing director, Asia Pacific, and COO of FIS International, said: "Bank of Maharashtra sought to move from a hosted solution to its own, on-premises, integrated payments platform, allowing them to expand their payment features quickly, while providing for easy management through the solution’s open system design."