Press Releases 2003
CTL's SENTRY Proxy Card
CTL’s real-time debit in the Citi
CTL and Capital One launch PRIME Web for outstanding CRM
CTL, ABN AMRO and MasterCard's landmark launch
Another PRIME solution completed as Mediterranean Smart
Card Company rolls-out VSDC
CTL and Cofidis complete Belgium's first VSDC Electron
product
Kazakhstan's Central Bank selects CTL card management
Abanka Vipa d.d choose CTL for e-commerce issuing
JCC employs SENTRY for secure e-commerce
Click
here for 2002 press releases
CTL's
SENTRY Proxy Card
Press Release – from the CTL
Press Office, November 2003
Card Tech Limited, the UK-based payment solutions provider, is pleased to announce the successful implementation of its SENTRY Proxy Card product at Hellenic Bank in Cyprus. While other SENTRY e-commerce solutions are running in Cyprus, this was the first Proxy Card installation in the country.
SENTRY Proxy Card powers the bank's new Net Secure product, which offers "the ultimate security for Internet shoppers," according to Rena Papadopoulou, Hellenic's Manager of Card Services.
Hellenic Bank now offers Net Secure as a free service to all of its cardholders. It protects cardholder data and secures Internet transactions by generating single use Internet cards with a user-defined line of credit for a purchase at an e-commerce store. Rena Papadopoulou said of the SENTRY project from which Net Secure was created: "The SENTRY system was implemented and interfaced with Hellenic Net Banking and our CTL PRIME and ONLINE systems in a very short time. The implementation was efficient and trouble-free."
Card Tech Limited and Hellenic Bank have worked together since 1991. The bank uses CTL's PRIME card management system to issue and administer MasterCard and Visa branded card products; SENTRY can plug in to PRIME easily, so the Proxy Card product draws account data from PRIME behind the scenes of the Net Secure solution. Integration with Hellenic Net Banking completes a package that puts Hellenic Bank at the forefront of e-commerce issuing innovations in Cyprus.
Contact:
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
Rena Papadopoulou
Manager Card Services
Hellenic Bank
r.papadopoulou@hellenicbank.com
CTL’s real-time debit in the Citi
Press Release – from the CTL
Press Office, October 2003
Card Tech Limited (www.ctl.com), the UK-based payment solutions provider, has helped Citibank Handlowy introduce real-time debit card products to its corporate clients in Poland.
In partnership with Citibank Handlowy and i-flex Solutions, CTL has built and installed a technologically advanced XML interface between its PRIME card and merchant management solution and the FLEXCUBEŽ host system. The interface binds two state-of-the-art systems: the integrated solution gives Citibank Handlowy an holistic view of its customer data and lets it issue and process real-time debit card products for corporate clients who want fast access to the funds in their bank accounts.
PRIME can now fetch real-time updates on current account or savings account data held in FLEXCUBEŽ, before it assesses authorisation requests from debit cards. And its ONLINE authorisation system uses the latest account data to perform stand-in processing, when required. The bank uses these new features to optimise its clients’ spending power.
Citibank Handlowy first installed CTL systems in 1997. The systems have evolved with CTL’s technical vision and the bank’s business requirements. The new XML interface is latest addition to a sophisticated suite of technologies that is helping the bank gain a competitive advantage.
Contact:
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
CTL
and Capital One launch PRIME Web for outstanding CRM
Press Release – from the CTL
Press Office, August 2003
Card Tech Limited is pleased to announce that Capital One Bank (Europe) PLC has licensed its comprehensive
PRIME Web card management solution, including the rule-based
FRAUDGUARD system for detecting and managing potential fraud.
The CTL solution went live at Capital One's UK centre in July. It is configured to complement the bank's outstanding customer relationship management.
CTL,
ABN AMRO and MasterCard's landmark launch
Press Release – from the CTL
Press Office, July 2003
Card Tech Limited (CTL), the global card management solutions pioneer, scored a major success today as ABN AMRO N.V. in the Netherlands (ABN AMRO) announced their much heralded MasterCard Purchase Card that is powered on CTL's PRIME BIZ platform. Marking a milestone in CTL's five-year-long partnership with ABN AMRO, this initiative also cements a close cooperation between MasterCard and CTL dating back many years.
They are inaugurating a real breakthrough: the first end-to-end solution for banks' Purchasing and Corporate T&E cards, with enhanced level-3 data, that is fully compliant with the latest MasterCard requirements.
A proven provider of sophisticated systems, CTL has built up a reputation for repeatedly meeting requests from major payment associations to design customised solutions. Although PRIME BIZ can serve as the backbone of any commercial card programme, in this case, CTL's comprehensive commercial card system integrated seamlessly into the MasterCard Purchase Card solution that features Smart Data OnLine (SDOL) for Web-based, real-time information management.
"We found that the complex functionality requirements of the B-to-B (business to business) card payments is often an important barrier to entry to this growing market segment," said Jorn Lambert, Head of Corporate Payment Solutions in MasterCard Europe. "CTL's work with MasterCard has resulted in an end-to-end purchasing card and information management solution, allowing financial institutions like ABN AMRO to quickly come to market with a superior product."
PRIME BIZ maximises profitability by strengthening banks' bottom lines, as well as impacting on corporate's payment efficiency and increasing vendor revenue. The fact is, PRIME BIZ can turn a bank's commercial card system operations into a lucrative venture.
ABN AMRO, a leading world bank with presence in over 70 countries, will introduce the purchasing card platform to service medium to large sized corporations, including ABN AMRO's wholesale and corporate clients. "Our relationship with CTL meant that we were able to provide a superior and comprehensive service to our clients," said Peter Stuurman, Senior Product Manager Payment Services at ABN AMRO. "The low cost of ownership, the fact that PRIME BIZ can be operated by a handful of staff allows ABN AMRO the possibility to offer the MasterCard Purchase Card to the market. CTL's competent and speedy implementation meant that we are the first-to-the-market and are able to zero in on our customers' needs."
After more than a decade in this specialist market delivering value added services to the payment card industry worldwide, CTL has enjoyed sustained growth since its foundation in 1989 and has more than 150 clients in over 60 countries, including some of the world's largest banks and multi-national financial institutions.
Contact:
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
Read the MasterCard Press Release here.
Another PRIME solution completed as Mediterranean Smart Card Company rolls-out VSDC
Press Release – from the CTL
Press Office, June 10th 2003
Card Tech Limited (www.ctl.com), the UK-based card management systems provider, has licensed its PRIME and ONLINE products to the Mediterranean Smart Card Company of Egypt. This is the second PRIME-ONLINE solution licensed in Egypt and will be implemented on CTL’s proven chip card platform.
The Mediterranean Smart Card Company is 34% owned by Visa. It will use PRIME and ONLINE for card management, authorisation and message switching, initially rolling out VSDC programmes, but with the ability to set up other EMV programmes as required.
Card Tech Limited has more than 150 banking clients in sixty countries and all of the major payment associations have certified its systems.
Contact:Mohamed El Tohamy
Managing Director,
Mediterranean Smart Card Company
mtohamy@mscc.com.eg
+202 0122442208
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
CTL
and Cofidis complete Belgium's first VSDC Electron product
Press Release – from the CTL
Press Office, June 3rd 2003
Card Tech Limited (www.ctl.com), the UK-based card management systems provider, has successfully implemented and certified the first Visa Electron VSDC programme in Belgium. This implementation was done at Cofidis, which has been Belgium's leading financial institution for consumer credit since 1985.
The implementation project was completed on time and budget. It represents another milestone in Cofidis' strategic drive to diversify its services using best of breed technologies.
Co-branded Visa Electron chip cards from Cofidis were available from May.
Card Tech has more than 150 banking clients in sixty countries and all of the major payment associations have certified its systems.
Contact:
Fabrice Toulemonde,
Responsable Coordination
f.toulemonde@cofidis.be
+32 6925 1679
www.cofidis.be
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
Kazakhstan's Central Bank selects CTL card management
Press Release – from the CTL
Press Office, February 24th 2003
Card Tech Limited (www.ctl.com), the UK-based card management systems provider, has successfully concluded a licensing agreement with The National Bank of Kazakhstan’s (NBK) subsidiary processing centre for its PRIME and ONLINE products.
NBK is Kazakhstan’s central bank. It has licensed the PRIME-ONLINE solution to process up to two million cards, initially for ten banks. Card volumes are expected to grow to approximately six million.
Kazakhstan is one of the fastest growing card markets in the CIS, a region in which CTL has twenty-four existing clients.
Card Tech Limited has more than 150 banking clients in sixty countries and all of the major payment associations have certified its systems.
Feel free to contact the following representatives. They are prepared to answer your questions.
FOR CTL:
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
FOR NBK Processing Centre:
Fuat Nazyrov, Chairman of the Board
Tel: +7 3272 626286
Fax: +7 3272 581211
e-mail: fuatn@mail.ru
Abanka Vipa d.d choose CTL for e-commerce issuing
Press Release – from the CTL Press Office, January 30th 2002
Card Tech Limited (www.ctl.com), the UK-based card management systems provider, has successfully concluded a licensing agreement with Abanka Vipa d.d of Slovenia for its SENTRY solution.
SENTRY offers a full suite of secure issuing and acquiring e-commerce products, all compliant with 3-D Secure and SecureCode. Abanka Vipa d.d will use SENTRY’s issuing functionality: the proxy card product will enable cardholders to make on-line transactions without revealing their card data, and the Access Control Server (ACS) will reinforce the bank’s issuing e-commerce security.
Card Tech Limited has more than 150 banking clients in sixty countries and all of the major payment associations have certified its systems.
For CTL:
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
JCC employs
SENTRY for secure e-commerce
Press Release – from the CTL
Press Office, January 10th 2002
Card Tech Limited (www.ctl.com), the UK-based card management systems provider, has successfully concluded a licensing agreement with JCC Payment Systems Ltd for its SENTRY solution. This is the first SENTRY licence concluded in Cyprus.
JCC processes credit card payments and offers inter-bank ATM and POS acquiring services to banks in Cyprus. It will use CTL’s SENTRY to manage e-commerce acquiring businesses, and to authenticate transactions. The solution includes a Merchant Payment Gateway, Merchant Plug-In and Access Control Server.
General Manager at JCC in Cyprus, Mr Takis Fekkos said of the project, "We are happy to offer banks yet another excellent service. CTL’s SENTRY solution is world class; I am confident that it will provide all the functionality our clients demand to secure e-commerce businesses."
SENTRY was the first e-commerce solution in the world to receive a certificate of compliance with version 1.0.2 of Visa’s 3-D Secure authentication protocol, which has also been adopted by MasterCard for SecureCode authentication.
Card Tech Limited has more than 150 banking clients in sixty countries and all of the major payment associations have certified its systems.
For CTL:
Edith Kessler-Charalambous,
Global Account Manager
info@ctl.com
+44 207 761 7800
www.ctl.com
Any other information may be obtained from the Press Office
Tel:
0044 (0)20 7761 7800
email: PressOffice@ctl.com
