Houston, TX: Prosperity Bank is now live with a virtual implementation of SWITCHWARE® G4. Their new system deployed on a VMware ESXi platform, includes installation of SWITCHWARE® 3.12.1 with Real-time Card Management (RTCM) and EMV issuing and acquiring functionality.
Prosperity Bancshares Inc.®, named America’s Best Bank for 2014 by Forbes, is a $21 billion regional financial holding company formed in 1983. Seeking to develop broad customer relationships based on service and convenience, Prosperity provides a complete line of banking services from 245 branch locations as well as 24/7 customer access to its Internet Banking facility .
The bank’s selection of SWITCHWARE G4 was made after identifying it as the most cost effective and reliable solution for its long planned migration to an EMV compliant payment processing platform.
SWITCHWARE’s EMV support functions will provide Prosperity Bank with an “end-to-end” EMV solution for both ATM acquiring and smart card issuance, enabling conformance to current and future EMV standards for payment processing of smart card transactions.
In order to realize the full revenue potential of their debit card programs, the bank will also be utilizing the system’s integrated support for the First Data Star RTCM interface. The real-time tools incorporated into SWITCHWARE G4 will enable the instant identification and leveraging of current trends in card usage and system status that are key to maintaining peak operational efficiency and realization of the full revenue potential of their debit card programs.
The advanced features of SWITCHWARE G4 with RTCM will reap immediate rewards for the bank and its cardholders with real-time access and reporting of debit card activity, including:
• Current activity and balances
• Account transfers
• Interchange fee generation
• Debit card activations
• Effectiveness of rewards and loyalty programs
• Changes in personal cardholder preferences
• Faster resolution of transactional disputes
• Suspicious or fraudulent activity and more
Click for more detailed information on how CSFi’s SWITCHWARE® and EMV Card Technology can pave the way for your successful migration to an EMV compliant payments platform.