Already used by La Banque Postale before the creation of the shared payment factory, Stecard is now being used to perform front office operations for Transactis. Steria manages the authorisations that enable end users day-to-day transactions such as withdrawals and payments across 11.000 ATMs (comprising one fifth of all French cashpoints), 170.000 payment terminals and 20 million cards. These transactions sum up to 4 billion annually.
With more than 25 years experience in the payments industry and 500 skilled professionals specialised in payments around the world, Steria has been a driving force behind this innovative project from the start since its initial design in 2008 – right through to deployment of operations today. Now fully operational, Transactis is the first fully-shared payment factory in the world. In 2012, Crdit du Nord began to migrate to a platform for remote transaction processing, which was also handled by Steria.
Our high degree of involvement in the banking sector and e-money has enabled us to combine the very best from two leading players in banking: La Banque Postale and Socit Gnrale. Steria has done more than any other player to bring together their respective strengths, develop new and innovative functionalities, and create levels of synergy that are unprecedented for this type of initiative, said Jean-Franois Mansart, Head of Steria Frances Advanced Payments department. With Stecard as its one-stop solution, Transactis can enjoy all the benefits offered by a flexible, optimised system. Stecards native multi-bank capability is a real asset, simplifying each banks environment and allowing Front Office function management to be fully shared by all users.
Sterias ability and strong commitment to meet our needs have been key factors in the success of our e-money factory project, despite the additional complications involved in providing a multi-bank solution, agreed Alain Nicaud, CEO of Transactis until mid-June 2013.