ACET Processing, the specialist third-party processor of accounts, customers, events and transactions, has contracted with T-Systems to outsource the mainframe functions associated with running the company`s state of the art credit systems software.
The deal will allow T-Systems to supply ACET with the necessary mainframe capacity needed to sign on new clients, enabling ACET to focus on its core competency - managing credit systems, including VisionPLUS 8.11 from PaySys International and TRIAD 7.0, from Fair, Isaac International.
Mike Crawley, Director of Software Services at ACET Processing, states: "ACET Processing is a specialist third-party processing company and so it was decided to outsource the management of the mainframe to T-Systems, a specialist in information, technology and telecommunication facilities outsourcing. T-Systems has an excellent reputation for service quality and consistency, with significant experience in running credit systems on mainframe computers. ACET will focus on running the credit systems software, while T-Systems focuses on running the mainframe on which the credit systems reside. The benefit to the clients is that this specialisation will ensure superior levels of service."
"This deal is a first for SA in the area of risk management as ACET is the first independent third-party processing company in SA for retailers, personal loans and financial services organisations," explains Jack Matthews, Regional Sales Representative at T-Systems SA.
Crawley adds: "The combination of TRIAD and VisionPLUS offers clients in Africa unrivalled access to world-class credit management technology and TRIAD and VisionPLUS are a long-established winning combination. ACET Processing clients in Africa will benefit from this outsourcing arrangement with T-Systems and this significant investment in credit risk management technology, both of which will result in clients being empowered to make strategic credit management decisions on a one-to-one customer basis.
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ACET Processing provides third-party processing for accounts, customers, events and transactions. With offices in Cape Town and Johannesburg, we offer clients across Africa access to both the VisionPLUS account processing system and the TRIAD account management solution. ACET Processing is jointly owned by PIC Solutions, the largest risk management consultancy based in the Southern Hemisphere and PaySys International, a wholly owned subsidiary of First Data Corporation. Through this unique combination of proven state-of-the-art credit and risk systems, world-class third party processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services. For more information, visit the ACET Processing Web site at www.ACETProcessing.com.
T-Systems
T-Systems IT & Telecom Solutions South Africa (Pty) Ltd, a solution provider with more than 1 000 employees, is based in Midrand and Cape Town. The company boasts a range of blue chip clients such as Sanlam, DaimlerChrysler SA, Murray & Roberts, Armscor, Uthingo, Denel and Senwes. Further information on the company and its service offering is available online at www.t-systems.com.
First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, Colorado, US, powers the global economy. Serving approximately 2.8 million merchant locations, 1 400 card issuers and millions of consumers, First Data makes it easier and more secure for people and businesses to buy goods and services using virtually any form of payment: credit, debit, smart card, stored-value card or cheque at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company`s Web site at www.firstdata.com. PaySys, a wholly owned subsidiary of First Data, provides transaction processing software; software management services; customisation; project management; education and multi-lingual training. Known worldwide for its VisionPLUS software, the First Data subsidiary has customers in 38 countries on six continents and has offices in Australia, Brazil, Costa Rica, France, China, Ireland, the UK and the US.
Fair, Isaac
Fair, Isaac and Company (NYSE: FIC) is the pre-eminent provider of creative analytics that unlock value for people, businesses and industries. The company`s predictive modelling, decision analysis, intelligence management, decision management systems and consulting services power more than 25 billion mission-critical customer decisions a year. Founded in 1956, Fair, Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair, Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myfico.com Web site, consumers use the company`s FICO scores, the standard measure of credit risk, to manage their financial health. As of 5 August 2002, the business of HNC Software Inc, a leading provider of high- end analytic and decision management software, is part of Fair, Isaac.
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