ElectaCard Services signs 10 year deal with PT Collega Inti Pratama

ElectaCard Services ( ECS), a global provider of software and processing solutions for enterprise payment systems, has announced a 10-year, multi-million dollar agreement with PT. Collega Inti Pratama, a banking technology services provider in Indonesia.

ECS will be replacing the company's legacy payment processing systems with ECS' PA-DSS compliant electra solution suite.

This includes ATM driving, inter-bank and network switching and card processing services for banks across Indonesia. Collega has initiated its technology modernization effort to facilitate an advanced services offering to its member banks.

The modernisation process will cover 5000 ATMs and process 10 million cards for over 20 banks. It will also enable Collega to provide value added services like remittances, bill payments, mobile top-ups, ticket bookings, Haj payments etc.

Ramesh Mengawade, CEO, ElectraCard Services said, "Indonesia is a mature and extremely competitive payments market. We are confident that the electra suite will enable PT Collega to introduce innovative, market-leading solutions at competitive price points to further increase its market share."

Afrizel Aziz, President Director, PT Collega said, "Given our ambitious growth plans, we wanted to upgrade our payments infrastructure to a more scalable and robust platform. As such, we wanted a stable solutions partner with a strong track record in proven reliability, ease of integration and volume scalability.

ECS's impressive solution stack with a very high demonstrated performance benchmark, their singular focus on the payments domain and a long-term vision made them the ideal choice for this partnership."