HPS, a multinational leader in the provision of payment solutions and services, announces today that Bank of Cyprus, the largest banking and financial services group in Cyprus, has finalized the migration and replacement of its legacy systems to PowerCARD, the HPS software solution.
After successfully migrating its Base24 Switch to PowerCARD-Switch, Bank of Cyprus has completed the migration of its card management system from Bevertec to PowerCARDIssuer.
Thanks to PowerCARD, the bank now relies entirely on a powerful, scalable and flexible platform to offer new products and services. Bank of Cyprus benefits from a modern and digital payment platform which allows the processing of all transactions initiated by all means of payment, coming from all channels.
“With PowerCARD, we are now able to launch new card payment solutions. Both innovative and disruptive, these solutions are part of our policy of continuous improvement, which improves the customer experience. We have also optimized the time-to-market of new products and improved the availability of our system”, said Markos Shiarly, Manager Cards & Payments at Bank of Cyprus.
“Despite all the specifics of the old platform, HPS has successfully migrated our Switching and card management activities to PowerCARD.”
“We are proud to be the strategic partner of Bank of Cyprus in the implementation of their new Switching and card management system,” comments Sebastien Slim, Regional Director for Europe at HPS.
Sebastien Slim continues: “HPS has great expertise in terms of change and modernization in the replacement of old generation systems. We have built tried and tested migration processes and tools, which come in different well-defined actions covering all stages of the migration. This flexible migration strategy describes the sophisticated expertise of HPS.”