Karachi, Pakistan – 21 Oct, 2020
In line with Global industry momentum towards enhanced customer services, consolidated product offerings and removing redundancy of discrete stand-alone systems, Euronet Pakistan has implemented a fully-consolidated cards and switch platform for Faysal Bank Limited, with a complete portfolio migration of all card products and services, ranging from Debit & Credit Cards Issuance and Management, ATM driving, Unified Fraud Detection & Monitoring, ACS integration, as well as seamless integration with all surround systems including Core Banking & Digital Channels.
With managed services and fully outsourced modus operandi, the entire consolidated product suite is hosted on a PCI compliant application and infrastructure in Euronet’s data center facilities in Pakistan and is fully compliant with the global data security and customer data protection standards. All customer and transactional data reside within Pakistan ensuring complete alignment and compliance with the local regulatory requirements. Furthermore, service level guarantees with complete safeguard for technology obsolescence including hardware upgrades, payment scheme mandates and business continuity shall factor in to maintain an optimal operational performance for the bank alongside offering unmatched economies of scale.
About Euronet Pakistan
Euronet Pakistan is a subsidiary of Euronet Worldwide, a NASDAQ listed company and a leading global financial technology solutions and payments provider. Founded in 1994, the company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, electronic distribution of digital media and prepaid mobile phone time and other cloud-based financial technology solutions. Euronet’s global payment network is extensive – including49,719 ATMs, approximately 329,000EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 61 countries; card software solutions; a prepaid processing network of approximately 732,000 POS terminals at approximately 336,000 retailer locations in 54 countries; and a global money transfer network of approximately 435,000 locations serving 159 countries. With corporate headquarters in Leawood, Kansas, USA, and 65 worldwide offices, Euronet serves clients in approximately 170 countries.
For more information, please visit the Company’s website at www.euronetpakistan.com