Vietnam-based PVcomBank has implemented SmartVista platform from BPC Banking Technologies, to replace the legacy ATMs switch and card management system.
SmartVista platform manages all aspects of ATM management, billing, mobile and contactless payments, settlement, point of sale, card issuing and acquiring, microfinance and electronic payments processing.
PVcomBank said that the current CTL switch has reached capacity under the increasingly demanding business requirements and large volumes of transactions.
The deployment of SmartVista, after acquiring license from MasterCard, has allowed PVcomBank to roll out credit cards to the consumers of Vietnam for the very first time.
The bank is set to launch a complete line of credit cards such as Classic, Gold and Platinum products. Besides helping to customize each card group for every client, SmartVista will support the bank with a multilayer architecture for the credit option calculation.
SmartVista also supports flexible authorization that will enable PVcomBank to setup diverse authorization techniques by using different parameters such as BIN, Card Number and other transaction parameters.
The Vietnamese bank noted that implementation of the new Card Management System will give flexibility to meet the ever changing business needs, reduction in the operating cost and increase in profitability.
PVcomBank deputy general director Nguyen Quoc Khan said: "PVcomBank has a vision to become a leading bank in Vietnam that provides diversified banking and customer oriented services, and the retail sector is one of the top priorities for us as a bank. We want to be seen as a modern, dynamic and technologically advanced in the region.
"Having BPC onboard has helped us to transform our vision into practical approaches. Besides the functionality of SmartVista, another compelling reason why we chose BPC is because of the team’s experience in the Vietnam market and continuous commitment to work with us in a flexible manner."