Sacombank deploys FIS's payment processing solution

Sacombank has deployed FIS' IST/Switch payment processing solution, enabling the bank to expand its ATM network by more than 15%.

IST/Switch is now central to the delivery of this high level service to Sacombank's ATM network. The solution supports multiple transaction types and its robust, flexible and open architecture accelerates development and product launches, which have helped Sacombank expand its ATM network from 600 to more than 700 in just three months post deployment overcoming the scalability issues the bank had previously faced.

In benefit of implementing IST/Switch, the bank has reduced its recurring IT expenditure on its switch infrastructure, while simultaneously strengthening its IT infrastructure and offering more innovative products and services through its self-service network.

"We have achieved excellent results through our relationship with FIS," said Mr Nguyen Dang Thanh, Deputy CEO, Sacombank.

"The growth we have achieved, and our enhanced ability to deliver better customer service, demonstrate the strength of the IST/Switch solution and FIS' excellent support of its clients. We continue to be pleased with our choice."