Global supplier of fraud prevention and payments solutions Alaric, announced that it has signed a deal with the Indonesian arm of a large international bank, the first success of Alaric’s recent partnership with PT. Mitra Integrasi Informatika (MII).
The bank, which is headquartered in The Netherlands, has selected Alaric’s Authentic product as the card authorisation switch for its portfolio of debit cards in the region. This will be part of a larger project to move to a new core banking system and bring card management and authorisation in house.
“Indonesia has a large number of banks and they offer a wide range of transaction types – far more than we would typically see in Europe or the US – these might include complex transfers, a wide range of service payments and pre-paid top-ups,” said Paul Griffin, general manager Asia/Pacific at Alaric.
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