EBC connects 39 banks, and processes millions of transactions per month, which it expects to grow by 100 percent in the next 18-24 months. An ACI for customer for more than 20 years, EBC is migrating to the company's next-generation retail payments solution, UP BASE24-eps, to support an extensive network of payments and clearing systems -- as well as ensure readiness for future payment types. EBC operates the Egyptian debit card scheme and offers a gateway to international and regional networks. It also operates the Automated Clearing House Network (EG-ACH).
ACI's retail payments solution will help power EBC and
"As a long-term ACI customer, we know first-hand the capabilities that BASE24 delivers, which is why we wanted to expand our relationship and adopt ACI's next-generation UP BASE24-eps payments platform. We were looking for a solution that not only offered scalability -- to meet our goals for growth -- but also flexibility -- to process new payment types as they are developed by the banks. We have a growing and progressive customer base that expects the best when it comes to service, quality and convenience, and with the help of ACI, we are confident we will be able to deliver on those expectations."
"ACI has long been recognized as offering the industry's leading retail payments platform, delivering global financial institutions the highest levels of scalability, reliability and security, while empowering them to reduce payment processing costs, increase customer loyalty and drive new sources of revenue. Innovative organizations like EBC are leveraging the capabilities of our solutions for a competitive advantage. Following the migration to ACI's next-generation UP BASE24-eps payments platform, EBC will be able to deliver regulatory and business changes more quickly."
UP BASE24-eps is a key component of ACI's UP Retail Payments solution, which enables the rapid introduction of new payment methods, adherence to new payment networks or schemes and business flows as well as integration with new partners. Using the flexible and open UP Framework, UP BASE24-eps enables swift deployment of end points and interfaces through configuration rather than custom coding. As a result, it positions banks to address changing market needs -- such as real-time payment schemes and numerous regulatory and technology demands -- more quickly and efficiently.
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