SiNSYS Leads European Cards Processing with CAMS II

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 Collaborates with CSC and CAMS II

SiNSYS began business in 2003 with a 15 million card processing portfolio from its shareholders. By 2006 that portfolio had grown to 21 million cards. SiNSYS now has customers in nine countries, executing around 1 billion transactions via 700,000 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. 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.

With CAMS II, SiNSYS customers are positioned to manage future trends in cards issuing and processing. They are accruing improved cost efficiencies and lower costs of processing, plus increased revenue and expanded market share by speeding products to market.

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.

“We compared the CSC solution with others and, in our opinion, for a processor like us it was a good solution,” said Nicola Cordone, CEO of SiNSYS. “It was flexible to manage our high volumes, and we think there is no comparison between it and the solutions of the other big suppliers. Not only can products be modified quickly to support a wide range of processing options, the platform’s multi-country, multi-language characteristics can be adapted to each situation."

CSC is making a major contribution to the SiNSYS success story by also 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.

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