CSC's CAMS II Card & Merchant System Provides Architectural Backbone
FALLS CHURCH, Va., May 28 /PRNewswire/ -- CSC (NYSE: CSC) today
announced that MasterCard Worldwide is using CSC's CAMS II Card & Merchant
System to power its newly launched debit and prepaid processing platform,
MasterCard Integrated Processing Solutions (IPS). The MasterCard platform
provides a suite of debit and card issuer processing services that enables
financial institutions to quickly expand their payments offerings across
banking channels.
CAMS II, which is the functional and architectural foundation of
MasterCard IPS, uses a high-performance transaction processing engine that
scales to manage the industry's highest volumes. With the CAMS II
rules-driven system, MasterCard IPS enables companies to rapidly design,
deploy and operate innovative payment products and services that can be
customized by demographics or geography. Specific IPS services include PIN
and signature debit and prepaid transaction processing, fraud detection,
rewards and loyalty programs, and ATM network management.
In addition to the software agreement, CSC is providing MasterCard with
related professional services and has provided business domain expertise
and program management, testing and Web development services during
MasterCard's development of IPS.
"We chose CSC's leading payments management software over the
alternatives for its deep functionality, scalability and flexibility," said
Philip Tollison, senior vice president and group head, Integrated
Processing Solutions, MasterCard Worldwide. "Leadership in the rapidly
changing payments arena is what our financial institution customers expect
of MasterCard. Only by basing our solutions on the best available
technology can we succeed in providing a seamless user experience across
the full spectrum of payments processing -- from card program design
through call center servicing."
"MasterCard Worldwide joins leading Tier 1 debit and prepaid card
issuers across the globe that have selected CAMS II for their
mission-critical cards payments solutions," said Jim Cook, president of
CSC's Financial Services Sector. "A leading source of payment industry
technology and services for nearly 20 years, CSC is committed to providing
integrated, highly scalable products and services across the cards and
payments lifecycle to strengthen the success of new product introductions
and help minimize risk."
MasterCard IPS is expected to be available in the United States in mid-
2008.
CSC's CAMS II in-house cards management system for high-volume issuers,
acquirers and third-party processors worldwide offers 24/7 real-time
support for credit, debit, prepaid/stored value, EMV chip, co-branded and
private- label cards, as well as for merchant accounts and installment
loans.
About CSC
CSC is a leading information technology (IT) services company. CSC's
mission is to be a global leader in providing technology-enabled business
solutions and services.
With approximately 90,000 employees, CSC provides innovative solutions
for customers around the world by applying leading technologies and CSC's
own advanced capabilities. These include systems design and integration; IT
and business process outsourcing; applications software development; Web
and application hosting; and management consulting. Headquartered in Falls
Church, Va., CSC reported revenue of $16.5 billion for the 12 months ended
March 28, 2008. For more information, visit the company's Web site at
http://www.csc.com.
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SOURCE Computer Sciences Corporation
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Related links:
http://www.csc.com
CONTACT:
Marian Kelley, Director, Media & Analyst
Relations, +1-512-275-5722, mkelley3@csc.com, or Janet Herin,
Manager, Media Relations, Corporate, +1-310-615-1693,
jherin@csc.com, both of Computer Sciences Corporation
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