India’s Bank of Maharashtra installs FIS’ payments platform

bank-of-maharashtra

FIS has announced it has been selected by electronic payment partner, Bank of Maharashtra.

Bank of Maharashtra has selected FIS’ open systems-based switching solution, card management solution and its card fraud and risk monitoring system in order to modernise its payments platform. The bank will integrate the platform which provides a future ready solution with functionalities to meet the bank’s increasing transaction volume.

“Bank of Maharashtra sought to move from a hosted solution to its own, on-premises, integrated payments platform, allowing them to expand their payment features quickly, while providing for easy management through the solution’s open system design,” said Raja Gopalakrishnan, Managing Director, Asia Pacific, and COO, FIS International. “FIS’ world-leading switching capabilities, coupled with the experience of our team in India, present a compelling proposition in the region.”

“We were looking for a way to cost-effectively build for the future,” said R. Athmaram, Executive Director, Bank of Maharashtra. “With so many successful installations of its EFT switching platform, FIS allowed us to ensure high quality service to customers, while also maintaining capability with current technology.”

“The team demonstrated high standards of project management, which could enable this successful migration of 1,800-plus ATMs, with five million card base and EFT/Switch implementation in a short time,” added Narender Kabra, General Manager, Bank of Maharashtra.

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