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Wednesday, September 2, 2009
Bank is planning to implement prepaid card management solution on an ASP model for cards issued by the bank in affiliation with VISA/MasterCard and for use at VISA/ MasterCard enabled ATMs and POS terminals and other shared networks of the bank. The bank would prefer a solution provider, which would have its own switch and application host in place for authorization, authentication and settlement with secure web access to the bank's card center at Bangalore, hank branches all over India and customers / pre-paid cardholders JCfOSS the world. The various cards issued by the bank include branded gift card, payroll card, prepaid purchasing card, travel card, campus card, virtual prepaid cards and lenslon cards. The bank will implement the project on a revenue haring model under which the net revenue generated from he busi!less shall be shared between the bank and the selected
vendor on a determined ratio, while the VISA/MasterC and other third party certification charges would be b, bank. It will be the sole responsibility of the selectee provide pre-paid card management and also offer services in pre-paid card solution including back-el of switch maintenance / authorization, network ill,
authorization, MIS,
services and dispute Besides, the vendor Sf hosted services with infrastructure for aut
authentication and of transactions. The should include fun like, interchange accou necessary reporting tools management / risk management tools / Fraud Manag Anti Money Laundering (AML) Tools with web enabl Branches /
vendor on a determined ratio, while the VISA/MasterC and other third party certification charges would be b, bank. It will be the sole responsibility of the selectee provide pre-paid card management and also offer services in pre-paid card solution including back-el of switch maintenance / authorization, network ill,
authorization, MIS,
services and dispute Besides, the vendor Sf hosted services with infrastructure for aut
authentication and of transactions. The should include fun like, interchange accou necessary reporting tools management / risk management tools / Fraud Manag Anti Money Laundering (AML) Tools with web enabl Branches /
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