BPO achieves service expansion and transaction growth with Tietoevry card platform

Successful market growth 

The BPO is a well-respected player in the financial industry over the past 25+ years and  it has utilized Tietoevry card and payment solutions growing steadily to serve over 23 financial institutions, 15 e-commerce providers and around 30,000 merchants. This includes issuing about 190,000 credit and debit cards and supporting over 25,000 Points of Sale and 52800 ATMs. 

Growth facilitating transition 

To continue to grow its European footprint and offer clients market-leading services, the BPO wanted to transition to a fully-integrated TietoEVRY platform. Consolidation of services on a single platform lowers the cost of ownership and enables new services to be launched faster, thus generating new revenue streams. The renewed platform also supports a more agile approach to development, maintenance, testing and deployment, which, through iterative and regular releases, delivers smooth services and ensures operations are up to date with regulations and industry mandates. 

Fully integrated system  

The pre-study and  migration process could be carried out quickly and efficiently thanks to the long-term customer relationship and an extensive knowledge of the BPO’s existing systems. The BPO can easily connect other Tietovry modular solutions into its service offering. For instance, loans are now issued via the TietoEVRY platform – to date the BPO has issued 65,000 loans. Other benefits from the on-premises solution include: 

• A dynamic, pan-European E-commerce solution platform with 3D v2 security  
• Issuing solution for cards (debit, credit, prepaid, virtual), loans and deposits. 
• Acquiring solution for processing and business development for merchants and payment providers   

• Web services for retrieving and managing data  
• Electronic bill payment and presentment (EBPP) solutions for building different complex payments solutions, such as recurring payments, P2P, cash2card among others  
• POS and ATM interfaces  
• 99,9% business continuity/system availability  
• Regular staff training 
• License management 

 Millions of transactions a day 

The successful deployment and launch of the card and processing platform has not only led to new services being rolled out much quicker but also an increase in the number of transactions. Currently, the BPO handles millions of transactions a day.  

Decrease operational costs and achieve faster financial product release with a modernized cards platform. Learn more on Card and financial product management related blog and insight series, case studies and more. Click here.