1. Smarter Commerce
Financial Services
JCC Payment Systems – Creating a gateway to growth with timely, cost-effective SEPA services across Cyprus
5 month deployment
enables SEPA Direct Debit services within a tight deadline
250,000
SEPA Direct Debits processed daily at peak times
The transformation: JCC was ready to implement SEPA transaction processing services for the whole of Cyprus, but needed a flexible clearing solution to meet a fast-approaching deadline from the European Commission. JCC uses a best-practice solution to deliver SEPA Direct Debit functionality on time – offering a faster, more cost-efficient service to creditors and banks across Cyprus.
Monthly peaks
in transactions managed without reducing service levels
Client Name:
JCC Payment Systems Ltd
Case study Link:
bin/ssialias?subtype=AB&infotype=PM&appname=SWGE_UV_UV_WWEN&htmlfid=UV C12419WWEN&attachment=UVC12419WWEN.PDF
Pull Quote:
"The IBM solution enables us to deliver seamless, automated transaction processing services for banks and businesses."—Demetris Papaphillipou, SEPA DD Project Manager, JCC Payment Systems Ltd
Company Background:
Founded in 1989 and employing 90 people, JCC Payment Systems Ltd is the leading provider of credit- and debit-card transaction processing and settlement services in Cyprus. Today, the company connects with over 20,000 card acceptance points on the island, and processes more than 85,000 transactions daily.
Solution components:
Software
IBM® Financial Transaction Manager for SEPA Services
Services
IBM Global Business Services®
Business challenge:
JCC Payment Systems designed an ambitious strategy to service all SEPA transactions on Cyprus. How could the company achieve its goal within a tight deadline set by the European Commission?
The benefit:
Today, JCC Payment Systems delivers SEPA transaction processing as a service to creditors and banks across Cyprus – enriching its service offering and driving growth.
Solution components
"The IBM solution enables us to deliver seamless, automated transaction processing services for banks and businesses."
—Demetris Papaphillipou, SEPA DD Project Manager, JCC Payment Systems Ltd
Software
IBM® Financial Transaction Manager for SEPA Services
Services
IBM Global Business Services®
UVP12394-WWEN-00 1