News Release-- June 14, 1999
DEUTSCHE BANK, WORLD'S 2ND LARGEST BANK, IMPLEMENTS CSC'S NEW CARD PROCESSING SYSTEM
El Segundo, Calif., June 14 -- Computer Sciences Corporation (NYSE: CSC) announced today that its new card processing system has been implemented at Deutsche Bank AG in Germany, the world's second largest bank and the leading bank in Europe.
This solution, which is the world's first implementation of CSC's Card and Merchant System (CAMS) II software, has been delivered using the latest DB2 relational database technology. It provides a broad range of functionality and unparalleled flexibility for the bank's large portfolio of cards and card products, including debit and credit cards.
The new system will enable Deutsche Bank to stay ahead of the continuing global shift toward alternative payment methods. It enables card issuers to manage a wide range of products, from proprietary access cards to full-function branded cards, while providing a base for developing new or enhanced products to attract and retain customers.
"We have the ability to lead the European marketplace with new products and capabilities for our customers," said Fabrizio Girardi, project manager, Center of Competence, Cards, Deutsche Bank, Italy. "The flexibility of the system is a real differentiator."
The implementation covered more than 640,000 credit cards. In early February, the bank went live with a single branch pilot that included more than 3,700 cards. Following this success, the remaining German credit card portfolio was converted, and the new system is now used at all Deutsche Bank branches in Germany.
CSC implementation specialists typically work in conjunction with a client's staff, often in multinational, multilingual teams. For the CAMS II project, CSC consultants worked with a Deutsche Bank team at the bank's Center of Competence, Cards, in Milan. A new front-end application was developed by a Deutsche Bank team in Spain, while facilities for mainframes and system support were handled by a team in Germany.
"CAMS II is the strategic platform which will help financial institutions build and protect relationships using cards as the chosen platform for managing their business-critical customer relationships," said Asger Jensby, president, European, Middle East and African Division of CSC's Financial Services Group. "We are delighted that Deutsche Bank has chosen us as a significant partner."
CAMS II processes all operations for the entire card business, including automated security and authorization functions that help banks manage risk more cost effectively. The system authorizes new applicants, creates and dispatches PIN numbers and cards, and handles complete transactions every time a card is used - including automatically deducting fees payable, crediting retailers with the remainder due and accumulating loyalty awards for individual accounts. CAMS II's ability to process 64,000 simultaneous card swipes ensures that it can handle high volumes of card transactions.
The CAMS II software was first released in February 1998 after 150 man-years of development effort to re-architect the previous version of CAMS, gearing it toward a relational DB2 environment with functionality required to meet the needs of the evolving card business. In Deutsche Bank, the system is running in a CICS Sysplex environment.
Two additional CAMS II implementations are scheduled for completion this year. These implementations will encompass a myriad of card types, with support for affinity and revolving credit products.
Deutsche Bank is the leading bank in the Euro-region and one of the largest banks in the world with 75,300 employees in 2,310 offices around the world.
In 1998, Deutsche Bank reported a record level increase in net income before tax to DM 7.9 billion, in comparison to DM 2.0 billion for 1997. Total assets in the Group remained unchanged compared to the middle of 1998 at DM 1.2 trillion. Total credit extended was DM 486 billion at the end of 1998. Amounts owed to depositors (non-banks) were DM 452 billion.
CSC's Financial Services Group offers a comprehensive array of business and technology solutions which support the complex requirements of the evolving global financial services industry. Customers include more than 1,000 banks, insurers, investment firms, consumer finance companies and other major financial services organizations around the globe.
Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. The company develops individual business solutions that are delivered by CSC's 50,000 employees in more than 700 offices worldwide in areas such as management and information technology consulting, systems consulting and integration, operations support and information services outsourcing.
Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. The company maintains numerous agreements with hardware and software technology companies and thus is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $7.7 billion for the twelve months ended April 2, 1999. Its headquarters are in El Segundo, California. For more information, visit the company's web site at www.csc.com.