TPS connects 1LINK to VISA International

Since inception of 1-Link, TPS has been continuously contributing to the services of the Largest Shared Switch of Pakistan. TPS Technology at the heart of 1-Link has let the Switch to, form a network 15 banks, process millions of transactions over a network of more than 800 ATMs, and to power more than 2000 online bank branches. And now TPS has taken 1-Link to the next step, connected 1-Link to VISA International, for debit card transactions. With this attractive offer to provide Global acceptability of debit card transactions on any VISA ATM, TPS has just board Habib Bank Limited on to the 1-Link VISA bandwagon. Being one of the largest banks in Pakistan, Habib Bank is now successfully offering debit cards services to its customers on an International level. The recently launched Habib Bank VISA Debit Card is just the beginning of TPS enabling Pakistani banks to offer services at an International level. With the financial sector of Pakistan continuously realizing the importance of offering consumer services, we see that the launch of the Habib Bank VISA is actually a two-fold success for Pakistan. With Habib Bank launching VISA, the 1-LINK Switch comprising of 15 local banks and the largest shared ATM network in Pakistan, has successfully completed its first implementation of VISA. As TPS strives to offer value added services to 1-Link, at a Shared Switch level rather than an individual Banks level, we see the ease and benefits of a centralized settlement and reconciliation process which will ease the implementation now for ALL 1-Link Member Banks that opt to offer VISA Debit Services for their customers. VISA gives your debit card global interoperability, gives your customer the freedom to move around the world without having to worry about carrying cash, and gives your bank VISA connectivity with minimal operational and setup cost. TPS Technology has allowed 1-Link to give local connectivity with VISA. A member bank can then be both, issuer and acquirer, of VISA debit transactions, all in a ready to market and easy to deploy package. Going forward, as TPS further strengthens 1-Link’s service offerings, we will hopefully see more value added services being offered to local customers on International Networks.