Euronet Worldwide has implemented the Euronet Integrated Credit Card System and the Euronet Integrated Debit Card System at Seylan Bank, Sri Lanka. Seylan Bank has one of the largest customer bases in Sri Lanka, and can now offer their customers both Visa Credit Cards and Visa Electron Debit Cards.
Seylan Bank, with one million customers and 90 branches, entered into a strategic alliance with Visa and Euronet to issue the Visa Electron Card, the first bank to do so in Sri Lanka. The Visa Credit Card and the Visa Electron Card provide a very convenient method of payment for Seylan Bank customers both locally and abroad. The Bank will replace its current ATM Cards with a dual-purpose Card with the introduction of the Visa Electron card.
“Since technology is vital to all aspects of banking operations, we need to keep pace with change by adapting appropriately to provide our clientele with technology capable of providing real-time transaction execution capabilities without interruption,” said Rohini Nanyakkara, CEO of Seylan Bank. “Therefore, the service provider is critical. We firmly believe that our partnership with Visa and Euronet — with their excellent Global track records — will provide the necessary environment to keep existing customers happy and to attract new customers. We are confident that this alliance will be mutually beneficial and will help Seylan Bank to meet its customers’ financial requirements in a convenient and efficient manner wherever the customers might be.”
This new software solution complements the Euronet solutions already installed at the Bank, including Euronet Integrated Transaction Management middleware, ATM Management, Internet Banking and Telephone Banking software. By leveraging their existing Euronet applications, Seylan Bank significantly reduced the time and costs associated with implementing their comprehensive credit card and debit card products.
“Seylan Bank’s success is a success for Euronet,” said Michael Brown, Euronet Worldwide Chairman and CEO. “In today’s economy, electronic transactions and cashless payment systems are dominating markets everywhere. Strong competition and customer demands for convenience lead many financial organizations to look for long-term partners, like Euronet Worldwide, that provide electronic payment solutions. Euronet is ready to empower these banks to beat the competition and meet their customers’ demands with end-to-end solutions that are quickly implemented and easily managed.”
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. These solutions enable their customers to access personal financial information and perform secure financial transactions — any time, any place. The company has processing centers located in the United States, Europe and Asia, and owns and operates the largest independent ATM network in Europe. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest-growing technology companies in North America. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries. Visit our web site at www.euronetworldwide.com.
About Seylan Bank
Seylan Bank, with one million customers and 6,000 credit cards, is one of the largest banks in Sri Lanka. Since its inception in 1987, Seylan Bank has established a strong presence island-wide through its network of 90 branches. Customers of online branches have access to a network of Automated Teller Machines (ATMs) and can also obtain telebanking facilities. Other international links include the Bank’s association with the well-known Western Union money transfer service which links 40,000 locations in 150 countries. The Bank also provides customers with a wide range of services through its linkage with S.W.I.F.T