Johannesburg-based business and financial services solutions provider Xpertek recently concluded a deal with Standard Bank, with the bank buying another batch of five SFI Payment Suite licences for its African sites.
The SFI Payment Suite is an automated electronic payment system that eliminates the generation of paper and reduces human intervention in the payment process, says Xpertek GM Barry Leonard.
Standard Bank has been using the SFI product since 1997, and the latest deal brings to 16 the number of African sites where the bank uses it, says Leonard.
"This is a good boost for our revenue and proves that we are now well entrenched in Standard Bank," he says.
The SFI product is modular and flexible, Leonard explains, allowing it to operate in many different environments and to integrate with varying banking and customer systems and modes of operation. This is achieved through high levels of parameterisation, enabling automatic data conversion, validation, encryption, authentication and management reporting.
"SFI empowers organisations to process payments more quickly, with more functionality and greater efficiency, at lower cost," he says.
Leonard says the company will use the deal to gain more marketing and exposure on the continent.
The group provides SFI solutions to banks in Botswana, the Democratic Republic of Congo, Ghana, Kenya, Lesotho, Malawi, Mozambique, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.
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