Subscribe
  • Home
  • /
  • Software
  • /
  • Xpertek launches SFI eVolve, the better payment switch

Xpertek launches SFI eVolve, the better payment switch


Johannesburg, 22 May 2009

Xpertek has completed the first phase of its redevelopment of the successful SFI Payment Switch (SFI).

The success of the SFI product has made Xpertek the leader in the payments industry in Africa, boasting clients such as Standard Bank Africa, Barclays Bank and the Swaziland Automated Electronic Clearing House (SAECH).

SFI is used in 18 countries from the African continent to the Caribbean and can handle in excess of one million transactions in 45 minutes.

This extremely stable, secure product has now been migrated to leading-edge technology. SFI eVolve will be a totally Web-based solution requiring no software to be installed at the bank's client site. The new product will provide for a real-time, Web environment giving an improved customer experience through a user-friendly, Web-based interface and will be easy to manage, and support remotely.

SFI eVolve's new features will result in an enhanced offering to a bank's customers. These features include:

* A multi-user environment
* Multiple currencies with cross-currency conversion for domestic payments
* Role-based security and activity allocation
* Transaction monitoring and reporting
* The ability to prioritise urgent payments
* Automatic allocation of future-dated payments and exception payments
* Full processing automation that is configurable (Straight Through Processing - STP)

Brandon Madgwick, MD of SFI eVolve, had this to say: “We are extremely excited about the launch of SFI eVolve as it keeps us at the forefront of the payments and clearing industry solutions. As a result, we expect that this new solution will continue to extend our global footprint.”

The complete product is expected to be ready for rollout to existing and potential clients by October this year. Existing clients will be able to take advantage of the new product free of charge.

For further information about SFI eVolve, kindly contact Brandon Madgwick of Xpertek on 011 519 3000 or log on at http://www.xpertek.co.za.

World Class Solutions Within Reach

Share