CSC Powers Global MasterCard Payment Processing Platform
MasterCard Worldwide is using CSC’s CAMS II Card & Merchant System to power its newly launched debit and prepaid processing platform, MasterCard Integrated Processing Solutions (IPS). The MasterCard platform provides a suite of debit and card issuer processing services that enables financial institutions to quickly expand their payments offerings across banking channels. CAMS II, which is the functional and architectural foundation of MasterCard IPS, uses a high-performance transaction-processing engine that scales to manage the industry’s highest volumes. With the CAMS II rules-driven system, MasterCard IPS is designed to enable companies to rapidly design, deploy and operate innovative payment products and services that can be customised by demographics or geography. Specific IPS services include PIN and signature debit and prepaid transaction processing, fraud detection, rewards and loyalty programs, and ATM network management. In addition to the software agreement, CSC is providing MasterCard with related professional services and has provided business domain knowledge and programme management, testing and web development services during MasterCard’s development of IPS.