SFI clears VISA transactions for the banks
A large bank in Zambia processes 100,000 + VISA ATM and POS device transactions on a daily basis.
Once the customer’s balance has been verified and the transaction authorised, the settlement of the transaction needs to take place. They face a challenge where these settlement transactions are processed manually into their banking system allowing significant room for error and time delays.
Also importantly, because the files are generated manually the bank account verification can not take place causing the banking system to de-stabilise.
Xpertek, using their SFI eVolve payments hub, have found a cost effective solution to the problem. SFI eVolve will receive the VISA card transaction files, run validations on the account details, clean the files and integrate with the banking system. No errors, no time delays, online, automated and cost effective!