IFS International, Inc. announced that Alfa Bank, a major Russian, Moscow-based banking corporation, has licensed IFS’ TP-CMS product to replace its existing payment card management systems.
TP-CMS will be used at Alfa Bank to issue and settle domestic debit and credit cards, Visa cards, Europay, MasterCard, American Express, Diners Club and JCB cards. The bank’s existing card management systems, CardMan and UC+, will be replaced by TP-CMS, allowing Alfa Bank to increase the level of service offered to its customers. The Banking Production Centre (BPC), IFS’ authorized distributor in the Russian Federation, will serve as the prime contractor on the project, overseeing the installation and certification of the system. The TP- CMS software will run on HP hardware.
Alfa Bank already has the IFS TPII product to manage its network of Automatic Teller Machines (ATM), Point of Sale (POS) terminals and interfaces to the payment card networks of Visa, Europay, Union Card, American Express, Diners Club and JCB.
Vladimir Izoutin, Head of Alfa Bank Card Division, explained, “The Card Management project for Alfa Bank is another step in the implementation of the bank’s long term technology infrastructure development program. After a detailed evaluation, we believe that TP-CMS has the most comprehensive and appropriate functionality of the prominent card management systems in the market. TP-CMS is unique in terms of its modern architecture, chip support, and, of course, openness and scalability which are the trade mark of all IFS’s products. We are looking forward to the implementation of TP-CMS being as flawless as our ongoing project with IFS’ TPII.”
David Hodge, CEO and President of IFS International, stated, “IFS is delighted to be able to announce another customer for our recently launched TP- CMS product. As a card management system designed and developed in the Chip age, TP-CMS has attracted a lot of attention since its launch and this new sale of the system further underscores the company’s decision to invest so significantly in this new product over the past 9 months. It is particularly satisfying that Alfa Bank, who already have our TPII product, once again chose IFS for this new project.”
Anatoli Loginov, BPC Director, commented: “We were very pleased with IFS’s announcement of a new product in the TPII family. The recently launched card management system, TP-CMS, now allows us to present throughout Russia a full functionality integrated payment card solution designed with all latest trends in mind, that is open, scalable and, thus, applicable to any financial institution in Russia no matter what size and market niche. We appreciate the decision of Alfa Bank very much and consider it as a big credit to the quality of IFS products and services, as well as to BPC’s project management and system integration skills. With a growing successful business Alfa Bank had a virtually unlimited choice of systems but the decision in favor of TP-CMS looks very logical and well-thought. The bank will be able to grow together with the new product free of the cumbersome and rudimentary features of legacy systems.”
About IFS International
IFS International, Inc. and Network Controls International, Inc. (NCI) are divisions of IFS International, Inc. (Delaware) which has headquarters in the United States and subsidiary offices in the U.S., United Kingdom, Singapore, Australia and Germany.
IFS International, Inc. develops, markets and supports software products for the EFT market. IFS International’s TPII and TP-CMS products provide support for ATMs, POS devices, network switches, smart cards and card management. NCI, Inc. provides complementary products for bank teller platform, home banking, money brokers and call centers, including NCI Business Centre?, an enterprise wide retail bank branch solution designed to deliver traditional as well as Internet/Intranet based transactions.Details