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

February 04, 2015
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

 

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