Australia’s Suncorp Bank Selects FIS to Consolidate its Financial Payments Switching
FIS™
(NYSE: FIS), the world’s largest provider of banking and payments
technology, today announced it successfully migrated Suncorp
Bank onto the CONNEX®
switching platform for POS transactions. Migration of ATM transactions
is scheduled for the first half of 2013.
Suncorp Bank selected CONNEX because it manages both POS and ATM
networks, supports new payment technologies and sustains the bank’s
continued roll out of Europay, MasterCard® and Visa®
(EMV®), a global standard for inter-operation of integrated
circuit cards.
“This is another successful switching implementation for FIS and we are
proud to add Suncorp Bank to our growing client base of local and global
transaction switching leaders,” said Richard Palmer, managing director,
FIS Australasia, “Suncorp is known as a technology innovator in the
Australian market and we’re excited to team with them in support of
their initiatives. FIS is making significant market share gains in
transaction switching in Australasia and around the world, which is a
testament to our solutions and our expertise.”
Suncorp-Metway Limited (Suncorp), part of the Suncorp Group, is
Australia’s fifth largest and leading regional bank. With more than $96
billion in assets, it is among the top 25 companies listed on the
Australian Stock Exchange (ASX). Suncorp Bank aims to provide middle
Australia with a genuine alternative to the major banks by offering the
big bank capability, with the small bank connection. The implementation
of this new integrated solution will provide Suncorp Bank with the
technology to offer an enhanced service to its customers and a solid
foundation to continue to launch new and innovative products in the
future.
David Spence, Payment Systems manager, Suncorp Bank said, “We are
pleased with the implementation of the CONNEX solution. The project ran
really smoothly under very aggressive timelines. The FIS team worked
alongside our own resources and from day one took the time to transfer
their extensive knowledge to our staff. As a result, we now have a
single platform enabling us exceptional performance and the in-house
skills to deliver these benefits to our customers.”
CONNEX is a comprehensive solution for ATM and POS terminal driving,
transaction acquiring, switching and authorisation. The solution
interfaces to processors and hosts and links to all major regional,
national and international networks. CONNEX leverages a fault tolerant,
redundant architecture to provide a robust, high volume, high
availability and highly scalable switch processing environment –
including the ability to run a multi-node, active-active environment to
facilitate business continuity.
About Suncorp:
Suncorp Group includes leading general insurance, banking, life
insurance, superannuation and investment brands in Australia and New
Zealand. The Group has 16,000 employees and relationships with nine
million customers. It is a Top 25 ASX listed company with $96 billion in
assets. Today Suncorp is Australia's leading regional bank, largest
domestic general insurance group, and second largest in New Zealand and
has representation in 450 offices, branches and agencies throughout
Australia and New Zealand. Suncorp Bank offers more than one million
customers a strong suite of personal and business deposit and lending
products through a national network of more than 240 branches and
business centres and 2200 ATM access points, as well as its
award-winning internet and phone banking systems.
About
FIS
FIS (NYSE: FIS) is the world’s largest global provider dedicated to
banking and payments technologies. With a long history deeply rooted in
the financial services sector, FIS serves more than 14,000 institutions
in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs
more than 32,000 people worldwide and holds leadership positions in
payment processing and banking solutions, providing software, services
and outsourcing of the technology that drives financial institutions.
First in financial technology, FIS tops the annual FinTech 100 list, is
425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.
For more information about FIS, visit www.fisglobal.com.
