Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
26th June 2012
Crédit Agricole uses ACI for payments system overhaul
Crédit Agricole is using ACI worldwide for a major payments overhaul. It has implemented BASE24-eps running on IBM Power 770 systems.
The first step of this overhaul program was the creation of a new vendor-independent ATM acquiring solution to support Credit Agricole's network of 22,000 ATMs. The latest element of the project involved the creation of an international switch, enabling Credit Agricole Cards and Payments' to route its clients' payments directly to MasterCard, without going through the national switch in France. This will deliver significant cost savings. Credit Agricole Cards and Payments has also started working with ACI to use BASE24-eps for transaction authorisation for the 30 million cards issued by the various Credit Agricole institutions.
"ACI's solutions enable finanancial institutions to perform efficiently and effectively so they can maximise the benefit to their customers," said Ralph Dangelmaier, president of global markets and services at ACI Worldwide. "By helping them to deliver cutting edge technologies which result in greater efficiencies we are helping them assume a stronger position in today's global economy. We look forward to developing our relationship with Credit Agricole and contributing to their future success."
"We are committed to investing in the best technology to enable us to deliver the best possible service to our customers," said Bernard Noel, CEO of Credit Agricole Cards and Payments. "ACI is a global leader in payments and was the clear choice of partner for Credit Agricole Cards and Payments. When we selected BASE24-eps we knew we were getting a solution that could grow with us in the future, both in France and internationally, and give us a strong foundation on which to build our business. Our best-of-breed solution will not only help us support Credit Agricole, but also many other clients outside of the group and throughout Europe."
"Credit Agricole Cards and Payments is a great example of an organisation planning to grow internationally and putting the strongest possible footprint in place to support that growth," said James Wallis, Vice President, Global Payments Industry, Finance Sector at IBM. "The team is forward thinking and innovative, and Credit Agricole Cards and Payments joins many other ACI customers in choosing IBM Power systems to run BASE24-eps. The ongoing alliance between ACI and IBM is continuing to show real benefits for our joint customers."