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South  Africa’s  First  National  Bank Selects HPS’  PowerCARD  as  its  new  Merchant Acquiring Platform across Africa

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Casablanca, Morocco – 03 February 2015 – HPS, the market-leading provider of mission-critical  solutions  to  the  cards  and  payments  industry,  has  today announced that First National Bank (FNB), one of the most innovative banks in the world, has signed an agreement with HPS to implement PowerCARD in order to modernize its merchant acquiring business.

FNB will use PowerCARD  to drive innovation  across its  merchant acquiring business. The  new  platform  will allow FNB to  tailor  specific solutions such  as merchant  origination,  billing,  settlement  and  reporting,  as  well  as  merchant campaigns  and  merchant  management  support. PowerCARD  will  be  rolled  out across  FNB’s  African  network  of 7  countries,  supporting  the  entire  merchant
acquiring activities across Africa. FNB  becomes the  first  South  African  bank  to implement  an  open  payments platform  in  order  to accelerate the  delivery  of  innovative  solutions  to  their
customers. FNB found  that  PowerCARD  was  the  best  fit application software to cover the entire payments value chain in one single software solution. This is important for two reasons; first, it means that change can be implemented faster and at lower cost and second; it facilitates payments innovation by allowing new products to be brought to market more easily.

Alan  Scoular,  CEO  FNB  Merchant  Services  commented:  “We are  looking forward to rolling out the PowerCARD application software across our business as we  believe  it  will  provide  us  with  the  opportunity  to  further roll  out world-class payment services for our customers more quickly.”

Abdeslam Alaoui, Managing Director, HPS, added: “We are delighted that FNB has selected PowerCARD as the new platform for their acquiring business. Given the Bank’s impressive track record of adopting new technologies, it’s an honor to have been selected to support their next drive for innovation. We look forward to working with them as they deliver change to the South African payment market, and lead the way across the African continent.”
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About FNB

As  a  financial  institution,  FNB  provides  personal,  private,  business,  commercial
and corporate banking services to millions of customers across South Africa.
FNB  is  the  oldest  bank  in  South  Africa  and  can  be  traced  back  to  the  Eastern
Province Bank formed in Grahamstown in 1838. Today, FNB trades as a division
of FirstRand Bank Limited.
For more information please visit: www.fnb.co.za

About HPS

HPS is a leading payment software company providing electronic payment
solutions for financial institutions, processors and national switches all around the
world. Through our suite of solutions, PowerCARD, used by more than 320
issuers, acquirers and national switches, we process any card type (credit, debit,
prepaid, loyalty, corporate and fuel) via any channel (ATM, POS, internet and
mobile) for any kind of merchant.
HPS operates in over 72 countries in 4 continents and counts among our clients
several top 100 financial institutions worldwide.
For more information please visit www.hps-worldwide.com

HPS contacts

Abdeslam Alaoui Smaili
Managing Director
Tel:  +212 529 045 000
Email: abdeslam.alaoui@hpsworldwide.com
Martin Evans
Commercial Director
Tel: +44 7704 456160
Email: martin.evans@hpsworldwide.com