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ECS soln to help IndisInd in credit card biz

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CIOL Bureau
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MUMBAI, INDIA: ElectraCard Services (ECS), a provider of technology and business solutions in the electronic payments domain, signed an agreement with IndusInd Bank to extend technology and processing services for their credit card business.

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The technology firm will cater to various aspects of credit card program with its offerings like comprehensive credit card management solution, fraud management engine solution, comprehensive collection solution and fraud prevention solution for e-commerce transactions, said a press release.

The technology company claimed that it will also provide the technology, processes and expertise to ensure a seamless migration and meet the bank's requirements of delivering smooth, fast and secure platform to service its customer base today and in the future.

Also read: Sony Network hack: Credit card details for sale?



Ramesh Mengawade, CEO, ECS, said, “As technology partners, our focus will be to ensure a smooth migration and assist IndusInd Bank to deliver a credit card programme which enhances customer experience. We are confident, that IndusInd Bank, like our other partners in India and international markets will benefit from our knowledge base and innovative solutions.”

Paul Abraham, COO, IndusInd bank, said, “We are confident that this partnership with ECS will enable us to provide value adds to our customers with products and services that are innovative, reliable, secure & cost effective.”

IndusInd bank forayed into the credit card business, after acquiring a foreign bank’s credit card business in India.