The Dutch finance group Fortis and Entra, subsidiary of TietoEnator, has signed a licence agreement concerning Entra’s credit card management solution, Entra Card. Fortis will use Entra Card for the issuing and administration of Visa and Europay cards on the Dutch market. The system delivery and related consultancy work is the single largest deal for the Entra Group so far. The deal also includes a five years support agreement for the card system. The system went live at the end of August 2001.
“The deal with Fortis is our largest single project so far,” says Erik Clausen, Business Area Manager, Entra Payment Solutions. “The financial sector is developing with the earlier mainframe environments being replaced by more scalable platforms. The market for this kind of solutions is large and Entra Card is well positioned for the IT-developments that are taking place among our customers.”
Entra Card is based on IBM eServer iSeries. It’s a software product for the issuing, authorization, acquiring and administration of credit cards. More than thirty global customers use Entra Card for their credit card management including banks, retail chains, telecom operators, hotel chains and financial companies. The Entra Card system gives the customers a cost efficient administration of the cardholders, their transactions and the merchants linked to the system. Entra Card supports VISA, Europay and MasterCard as well as the banks’ EMV-standard.
“The new system for credit card management provides us with a well-suited platform for existing and future services,” says Wim Vliegenthart, Financial Director at Visa Card Services, Fortis operations for card issuing. “The continuous development of our card operations makes it necessary for us to develop our underlying systems on an ongoing basis. Entra has proved to be a strategic partner for this purpose.”
Visa Card Services serves 1.7 million cardholders, has agreements with 90,000 merchants and processes tens of millions of transactions per year. Through the joint venture Betafin, Fortis also handles the private label card programme for the Dutch retail chain Bijenkorf. This programme is also included in Entra’s project for the finance group.
The project has been running for two years and was started after a selection procedure where 25 suppliers’ products were evaluated of which three were pilot tested, as a basis for the company’s choice of supplier.
Entra is a part of TietoEnator, Finance Sector. For further information, visit www.entragroup.com . The services of TietoEnator Finance Sector are based on a strategic partnership with our customers. Finance Sector’s solutions business concentrates on key technologies and the goal is, via Europe, to be a global e-finance solutions provider. In addition to net banking solutions, Finance Sector also commands strong expertise in payment systems and selected capital market solutions. Finance Sector operates in 11 different countries with more than 1600 experts and over 300 customers world-wide. TietoEnator Finance Sector is the leading partner for the banking, insurance and finance sector in Northern Europe.
With a staff of 10,000 and annual net sales of 1.1 billion euro, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator provides consulting, systems development and integration, operation and support, product development services for customers, and software services. The Group has in-depth knowledge of its customers’ businesses in areas such as telecommunications, finance, the public sector and the forest and energy industries. www.tietoenator.comDetails