CR2 Group Launches AccountMaster
Added: (Tue Nov 28 2000)
Pressbox (Press Release) -
CR2 Group Launches AccountMaster
CR2 Group goes live with credit card management system
London, 28th November 2000 - CR2 Group, a global provider of channel banking solutions, has launched its new credit card issuing and management system solution - Accountmaster. This modular software solution will provide financial institutions with complete in-house autonomy to issue credit cards, authorise transactions, calculate interest and provide statements, with proprietary debit cards processed via CR2’s Sparrow product
Running on Windows NT and Unix, the software is compatible with existing multi-card management systems and with business procedures currently employed by financial institutions. Banks will be able to offer a range of credit facilities including systems covering, card payment, settlement and fee processing, report management and lost and stolen cards. The breadth and depth of AccountMaster’s modular system means financial institutions will enjoy a reduction in outsourcing costs, improved customer loyalty and significant competitive advantage through the ability to quickly meet increasing customer demand.
The software complements CR2’s Sparrow product suite, providing financial institutions with the ability to offer a full set of business solutions. Sparrow is an integrated routing and database system that allows financial institutions to automate financial transactions with ATMs and POS (point of sale) terminals.
“AccountMaster is a multi-functional, multi-lingual and multi-currency system designed to support a wide portfolio of card products and services. The modular architecture structure allows financial institutions to choose their level of investment, in-line with their individual channel management strategy” says John Lovell, sales manager, CR2.
Lovell continues: “The highly scaleable software will allow banks to operate independently when issuing credit and debit cards, providing them with complete and comprehensive control of account and customer relationship management.”
AccountMaster provides parameter control, allowing new types of account to be added without lengthy approval procedures or major process re-development. Additional services provided by AccountMaster include: core configuration, report management, application processing and gateway management systems.
Once trained by the CR2 Group, financial institutions can access AccountMaster through a branded, easy-to-use customised interface. The solution provides an easy and clear migration path to the next generation of secure banking products, including smart card technology.
System security is managed by a security sub-system that allows banks to implement their own security policy and define user groups and permissions. For card security, AccountMaster provides real-time checking and account authorisation for all on-line transactions.
About CR2: www.cr2.com
Founded in 1997, Dublin-based CR2 is a leading provider of Internet banking, channel management and card payment solutions. CR2 Group has over 200 employees and has a regional network of over 90 customers in over 70 countries worldwide. The CR2 Group has a network of well-established offices and representatives across Europe, India, Africa, Asia Pacific Rim and the Middle East.
CR2’s flagship technologies deliver secure solutions that put banks and financial institutions in control of every point of customer contact for the range of channels through which customers interact with their bank. BankWorld, provides global financial institutions with the ability to deliver secure Web and WAP enabled banking services to corporate, retail and private customers. The Interlink suite of products specialise in providing software products to retail and banking institutions in the field of Payment Network Management, ATM and POS device support and Card Management Systems.
CR2 has a range of partners and alliances for example, technology partners such as Baltimore Technologies, Iona and Esat Digifone, sales and integration partners such as Neos, Ster Projekt, Itex, Mideast Data Systems and Al Falak and systems and strategic partners such as Visa, SWIFT, NCR, Compaq and Oracle.
For further information:
Karin Clark/Michelle Halliday
Tel: + 44 (0) 207 959 5475
Stephanie Fay/Niamh O’Driscoll
Tel: + 353 1 456 9677