Trintech Group PLC a leading provider of secure electronic payment infrastructure solutions, Thursday announced that Alpha Credit Bank in Greece has chosen PayGate to process card payments from its 17,000 merchant base in the country. Delta Informatics installed and operates the PayGate system as contract payment processor to Alpha Credit Bank.
Alpha Credit Bank with Delta Informatics chose PayGate as part of Trintech’s contract with Visa EU to replace its Member Data Capture system in 40 banks across the region with a solution that is scalable, multi-currency enabled and has the ability to process multiple card types on an open platform. The PayGate solution has been designed to enable banks and transaction processors scale up to the demands of multiple card types – credit, debit, stored value – as well as integrate seamlessly with legacy card systems.
Delta Informatics was established in 1984 by Alpha Credit Bank in Greece to process merchant-originated payment card transactions on behalf of many of the country’s banks. As well as being the primary Visa card processor in the country, Delta also processes American Express cards issued by Alpha Credit.
“Trintech is very pleased to help bring secure e-payment processing to such a significant regional player,” says John Harte, EVP of Sales and Marketing at Trintech. “At Trintech, we pride ourselves on the depth of our payment knowledge and Delta Informatics was able to leverage that expertise to improve operating efficiencies and reduce the costs associated with traditional credit card processing through legacy systems.”
PayGate is Trintech’s banking enterprise transaction platform which provides merchant acquirers and third party processors with the technology framework they need to take advantage of emerging business opportunities in global electronic commerce. PayGate’s modular architecture allows true extensibility supporting multiple card types, multi-currency, layers of security and core payment functionality. PayGate also supports multiple payment protocols, including SSL, SET, Visa II, EMEA, ISO 8583, APACS and GICC and works on a variety of NT & Unix platforms.
About Delta Informatics
DELTA developed and currently operates a complete computer system that covers all activities relevant to the processing and issue of credit cards. This system provides credit card services to several banks and organizations and includes : ‘ Data-entry of all applications for credit card issue (accepted or rejected) ‘ Provision of user on-line access to all card application information. Services such as searching for surnames through the use of phonetic codes ‘ Issue of the actual credit cards Embossing and encoding ‘ On-line processing of authorizations for the use of the cards both throughout Greece and abroad via a permanent satellite communication link with Visa International in London, on-line authorizations for card use and daily batch file exchange ‘ Daily processing of all account transactions as well as the credit and debit of all accounts ‘ Printing and mailing of monthly statements. Credit card processing requires a very high degree of responsiveness, reliability and safety. The total monthly balance of all accounts processed by DELTA is in excess of 50 Billion Greek Drachmas ($200 million).
Founded in 1987, Trintech Group PLC is a leading provider of secure electronic payment solutions for card-based transactions in the physical world and over the Internet. The company offers a complete range of payment software products for credit, debit, commercial and procurement card applications, as well as being a world leader in the deployment of payment solutions for Internet commerce that are fully SSL and SET’ compliant. Trintech’s range of scalable open systems architecture solutions for UNIX® and Windows NT’ platforms covers consumer, merchant and financial institution requirements for physical payments and the emerging world of electronic commerce. Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94003 (Tel: 650-227-7000) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the Web at .