ACI Worldwide (Nasdaq:TSAI - News), a leading international provider of enterprise e-payment solutions, has licensed its BASE24® e-payment processing solution to Dashen Bank, a private commercial bank in Ethiopia. ACI's flagship software will help Dashen Bank to become the first bank in Ethiopia to issue and acquire Visa cards. The bank has also chosen ACI Card Management System(TM) and ACI Smart Chip Manager(TM) software to support the bank's card operations business.
Dashen Bank will deploy ACI software to issue cards and authorise, route and switch both ATM and POS transactions while meeting processing requirements for EMV (Europay, MasterCard and Visa) smart card transactions. This project will be carried out with the assistance of SS Communications, ACI's local partner in Ethiopia and an HP NonStop accredited support partner. The solution will run on an HP NonStop(TM) platform.
Dashen Bank is the first bank in Ethiopia to be appointed a principal member of Visa. The bank's decision to select ACI's world-class technology was prompted by a number of key requirements including the need for a scalable solution to meet aggressive transaction growth objectives, support for multiple delivery channels and devices, and the ability to offer world-class card payment services to over 260,000 customer accounts in Ethiopia.