TienPhongBank launches ElectraCard Services Solution

The Electra Suite of Solutions supports a broad range of transactions, from debit and credit cards at the ATM / POS to advanced consumer banking features such as Internet based (e-commerce) transactions, Fraud Control System, Collection Management System and many more. TienPhongBank selected Electra Suite of Solutions to support its immediate need of strengthening its ATM and Branch networks, enabling its transaction infrastructure for growth, and execute its long-term drive to transform its business using Electra EFT Switch Solution. The Bank today has connected seven ATMs. They are in addition connected to another 3500 ATMs by interfacing the Electra EFT Switch to the SmartLink network. This way the Bank had enhanced its network, and is able to offer to its cardholders a large number of ATMs throughout Vietnam.

Keeping in line with its growth plans, the Bank plans to deploy ECS powered Credit Card Services, EMV and other products for which it has already signed-up with ECS.

Speaking on the selection of ECS, Dao Trong Khanh, CEO of TienPhongBank, said, “ We believe, the Electra Suite of Solutions with its deep funtionality combined with high flexibility and scalability offers us the right platform for now and the future. We’re confident that with a high-profile experienced team coming from various international banks, we could utilize these global best practices to build up innovative products and value-added solutions for our customers”

TienPhongBank, by this new lauch, has put itself in the list of leading financial institutions leveraging the comprehensive functionality of Electra suite of world-class payments software, with further experience and expertise in developing and delivering business-critical banking systems