Absa, a member of the Barclays Group, has gone live on BASE24-eps, ACI’s software for online payments processing.
Absa's BASE24 system processes transactions from 48,000 POS devices and nearly 7,000 ATMs – managing more than 836 million transactions in 2008. To date, Absa has successfully migrated issuer processing for about half of its card base onto BASE24-eps, and plans to roll out acquirer functionality in a later phase.
BASE24-eps provides agility using open systems technology to deliver an enterprise service for all retail banking payments. It is a multi-platform solution that can acquire transactions across many different channels, manage electronic payment devices, and perform high-volume switching, routing and authorization services.
BASE24-eps is now live at 40 organizations around the world, processing the highest transaction volumes and enabling major financial institutions, processors and retailers to process their electronic payment transactions.
