12 - 18 October 2000

BOV procure new e-payment software

by Franco Aloisio

Bank of Valletta has recently acquired a new e-payment processing software from ACI Worldwide, a leading international provider of enterprise e-payment solutions.
ACI licensed its e-payment processing software – BASE24 and GENcard – to BOV, in order to provide a single-point solution for the bank’s assurance and acquiring services. This will allow BOV to authorise, switch and route all Automated Telling Machines (ATM) and Point of Sales (POS) transactions through its network of 60 ATMs and 3,200 POS devices spread around Malta and Gozo.
BOV will migrate from its current system to an integrated BASE24 and GENcard processing platform. This solution will offer the bank proven fault-tolerant processing that can handle growing transaction volumes. Bank of Valletta currently processes 400,000 ATM and 200,000 POS transactions monthly and expects growth in both areas.
“ACI’s integrated solution gives us the ability to develop and expand our financial services,” said Raphael E. Vassallo, general manager of Bank of Valletta.
“We need a solid platform that can handle our current processing needs while giving us the ability to add new services. BASE24 and GENcard meet our requirements with a design that is open to current and emerging technologies,” he said.
The integrated design of BASE24 allows multiple applications – such as card issuance and acquiring, and ATM and POS processing – to share the same customer and account information, the same communication links to hosts and interchange networks and the same
command and control system for operations and management.
The system also provides flexibility, giving BOV the ability to integrate and support additional transactions, such as those generated by smart cards, mobile phones, Internet banking or Internet-based retailers.
“With BASE24 and GENcard, Bank of Valletta gains the capabilities it needs to power current and future e-payment processing,” said Richard Launder, managing director of
ACI Worldwide’s Europe/Middle East/Africa operation.
“Bank of Valletta can use the ACI solution to address a wide range of processing needs for its e-payment operation, including multi-currency, smart cards and e-commerce, all on a platform that is the world leader in offering reliable and scaleable transaction infrastructure,” he said.