TPS and Allied Bank sign payment switch upgrade contract

TPS-ABL sign agreement

Allied Bank Limited (ABL) has decided to upgrade its payment switch with TPS’ next generation multi-channel payment solution – IRIS on March 19, 2013.

A payment switch is an extremely vital software application for any bank that drives e-banking and directly affects services such as ATM, POS machines, Debit/Credit cards, Internet, Mobile banking etc. Therefore, looking at IRIS’ reliability, scalability, parameterization and cost-effective growth, Allied Bank opted for IRIS as its in-house payment switch.

IRIS is a sophisticated payment application that offers a one window solution for transaction processing, debit and prepaid card management, ATM controller, transaction and ATM network monitoring, integrated channel management and ADC CRM. IRIS will enable ABL to upgrade its network to support chip-cards, improve mobile banking and provide value added services to its customers

TPS and ABL have assigned a dedicated team of senior personnel who would ensure that the strategic project is managed in the best manner.

Speaking on this occasion, Mujahid Ali (Group Chief, Information Technology -Allied Bank Limited) said, “At Allied Bank we aim to offer innovative solutions and value added services to our customers. To meet this objective we plan to fully utilize IRIS scalable and modular architecture and features by rolling out new products and services, meeting customer’s requirements and expectations within shortest possible time. Our strategic partnership with TPS will contribute in our technology transformation and enhancing our service capability and to offer convenience and exclusive services to our customers.”

Muhammad Sohail (CEO- TPS Pakistan (Pvt.) Ltd) said, “It gives us immense pride to be a trusted partner of ABL, and be a part of ABL’s continuous retail payment growth initiative. We greatly value ABL’s confidence and trust in us and we are certain that the partnership of TPS and ABL will deliver long term benefits.”

Others present on the occasion included senior management of both ABL and TPS such as Khalid A. Sherwani (CEO – ABL), Sheikh Jalees Ahmed (Executive Director Strategy Planning – ABL), Zia Ijaz (Chief Banking Services – ABL), Shahzad Shahid (CMO, TPS) and Sibtain Jiwani (Manager Business Development, TPS).

TPS and ABL have been associated with one another since 2003 with the setting up of a transaction switch called Phoenix. In the past 9 years the collaboration has seen tremendous amount of success as TPS has assisted ABL in handling a network of 700+ ATMs and managing the card life cycle of over a million debit cards.

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