The 2009 SIFMA-IBM Technology Survey Results
Download these survey results and find out what SIFMA members revealed about new technologies and computing models and how they are managing major industry challenges.
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Leading Bank Selects CAMS II for Advanced Processing Capabilities
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Overview: To meet the challenges of the growing debit market, a leading U.S. bank selected CSC’s CAMS II™ Card & Merchant System to expand this product line. The bank is a top 20 Visa and MasterCard issuer and processor, a top 20 processor of automated clearinghouse transactions, one of the top in-house merchant processors in the United States, and one of the 15 largest providers of remittance processing services. Prior to choosing CAMS II, the bank utilized an in-house developed system as the foundation for its debit card products. The bank’s efficiency was significantly impacted by manual workarounds and other limitations of an aging system. With a growing debit card portfolio, the bank quickly realized that greater automation was necessary to sustain future growth. The bank evaluated several options, including enhancing its existing system, developing a new system in-house or implementing a “best-of-breed” card processing system. After an intensive evaluation of all the options, the bank selected CAMS II, which provides out-of-the-box integration with CSC’s Hogan System — the bank’s deposit processing system.
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