Credit Libanais, one of the leading commercial banks in Lebnanon, has gone live with IRIS (the next generation Enterprise Switch and Financial Middleware) for ATM driving and Debit Cards as part of phase 1 of a comprehensive project. The overall scope of the project includes ATM and POS driving, unified card management and merchant management. TPS, along with its partner Soft Management, worked closely with the bank and provided technological and business expertise to enable seamless migration from the bank existing platform to IRIS. .
Credit Libanais is TPS first customer where its legacy switch, Phoenix, was deployed more than a decade ago. The relationship between the bank and TPS spans over 18 years and is a testament of the trust and confidence the bank places in TPS as a reliable technology partner.
The bank has migrated its ATM and POS driving to IRIS from IPN (a hosted platform driven by ACI Base24). Prior to this, multi-currency transactions across multiple countries were managed with a dedicated Phoenix switch for every currency. This migration ensures consolidation of multiple Phoenix switches into one IRIS seamlessly managing all the complexity.
Joining the company as a software engineer in 1999, Shahzad moved to the TPS business development team in 2004. His instinctive flair for business was a natural fit and saw Shahzad emerge as a distinctive leader with strategic, creative and financial acumen as well as strong business intellect. His career at TPS, spanning technology and business, has given Shahzad the knack of translating technology ideas into business usages. He has remained deeply involved with company strategic business and product initiatives and has played an integral role in shaping the e-banking landscape in Pakistan through closely working with banks, telcos and financial institutions. His experience and active participation in regional e-Banking growth initiatives also benefitted regions like South Asia, West Africa and Middle East with setting up of Inter Bank Shared Network for ATMs and POS, Launch of Mobile Banking, setting up of Payment Processors and Payment Gateways.
In subsequent phases of the project, more features and functionality will be introduced whereby unified card management (Complete Debit Card Management System with Visa and MasterCard issuing and acquiring services) and merchant management and merchant acquiring will be included.
“Credit Libanais has always been a special customer given our relationship that spans over a decade. We are proud to be a technology partner with Credit Libanais and we are confident that Credit Libanais will achieve consolidation and operational excellence through our latest IRIS switching and payment system. With IRIS, the bank will be able to offer value added services to its customers in the least possible time.” – Imran Saeed, Vice President, Business Development (MENA), TPS
“Our relationship with TPS goes back a long way and we are extremely pleased with TPS being the technology partner for our e-banking initiatives. This consolidation was crucial, not only to optimize our operations, but also to be able to quickly come up with new and innovative banking services in the Lebanese market. We are excited and look forward to the innovations and advancements that the latest TPS solutions offer” – Anthony Ussher, Head of Electronic Banking, Credit Libanais (Lebanon).
