Islami Bank Bangladesh (IBBL) has deployed ElectraCard Services’ (ECS) electra iTx series suite that allows users to support the service oriented architectures (SOA), and control their application and EFT environment.

The PA-DSS certified secure transaction platform is built on open standards and was delivered by ECS in partnership with local IT firm Biometric.BD.

During the implementation of the solution at IBBL, ECS switched the debit cards and ATMs from legacy platform to the electra platform within four weeks, making it the fastest EFT switch migration.

In addition to deploying the financial transaction switch for ATM driving, ECS also installed the card management solution for IBBL.

The new system will allow IBBL to expand its ATM network, start VISA issuance and acquiring, and add new delivery channels, BNAs and kiosks.

ElectraCard Services CEO Ramesh Mengawade said they understand the banking demands of a fast growing and emerging market, whose customers expect the latest and best in technology and security.

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"It is important to preempt customer expectations and cater to a futuristic and dynamic market. Islami Bank Bangladesh Limited selected electra as its payment platform to strengthen its retail payment services with a comprehensive, secure and scalable solution," Mengawade added.