SiNSYS Leads European Cards Processing with CAMS II
- Support EU cross-border interbanking for cards processors, issuers and acquirers
- CSC’s CAMS II Card & Merchant System for flexible, scalable card and payment processing, product development and decision support
- Doubled portfolio to 30 million cards in 12 countries
- Improved efficiency, increased revenue and gained market share
A Single, Integrated Platform
With the creation of the European Union and the maturing of the Euro Zone, SiNSYS was founded to leverage the benefits of a European cross-border interbanking operation — with local expertise in multiple locations and one single, integrated IT platform for cards issuing and acquiring processing.
SiNSYS began business in 2003 with a 15 million card processing portfolio from its shareholders. By 2009 that portfolio had grown to 30 million cards. SiNSYS now has customers in 12 countries, executing more than one billion transactions a year via 800,000 merchants, for customers that include 10 of Europe’s leading banks.
SiNSYS services are supplied in collaboration with CSC and others. CSC provides the single, integrated CAMS II platform for all transactions across the European countries and a new innovative industry support services framework specific to CAMS II named “Total Value.” CAMS II offers online, real-time processing for both monetary and non-monetary transactions.
SiNSYS Collaborates with CSC and CAMS II
The system is available 24x7 to support all business operations, including continuous posting for financial transactions throughout the business day. A rules engine allows client-defined processing parameters and business rules, as well as promotional pricing schemes to maintain client-defined pricing terms for all market segments.
In a relatively short time, SiNSYS has become Europe’s undisputed leader in cross border card processing. It is the only interbanking company offering multiple languages and multiple country processing from a single, central processing platform – delivering clear cost savings and new business opportunities to its customers across Europe.
Crucial Scalability and Flexibility
CAMS II can process a wide variety of card products for SiNSYS, including revolving credit, debit, gift, payroll, commercial gas and prepaid cards. It is also EMV-compliant for smart cards. The system’s scalability is crucial to SiNSYS, as customer mergers can create sudden increases in transaction requirements.
“CAMS II provides a fantastic platform for us and our customers,” said Gabriele Boni, SiNSYS Chief Information Officer. “It gives us all the functionality and operational quality we need and it can be integrated superbly with our other systems. The really strong integration with FICO’s behavioural scoring system, TRIAD, is a very important example.”
CSC also is making a major contribution to the SiNSYS success story by providing SiNSYS customers with customized IT applications and services via CSC’s European Banking Competence Centre in Milan. Compared to its rivals in the payment card processing marketplace, SiNSYS leads in business volumes and achievements. It also leads in its commitment to address challenging trends in the cards payments industry, and in helping its banking customers to maximize their profitability in cards payments.
SiNSYS Customers’ Experience
Banks and other processors partnering with SiNSYS report economies of scale, minimized risk and operational excellence. In addition to more efficient operations, they are able to increase revenue and market share by bringing products to market faster across European operations while leveraging the access that SiNSYS has to local markets.
SiNSYS customers are able to accrue real and immediate benefits today while improving their positioning in managing and exploiting future trends and opportunities.