Customer: Stambhadri Cooperative Urban Bank, Hyderabad
The Stambhadri Cooperative Urban Bank Ltd. (SCUB) is a progressive bank operating out of Khammam district, Telangana. It is at the forefront of using technology-enabled solutions to create a distinct USP among banks in its region. The bank has a loyal set of customers who are interested in deriving the full benefits of digital banking.
The bank selected MAXIMUS for providing a wide range of services on total outsourced basis. These services range from EFT Switching and Card Management using RuPay cards on the National Financial Switch (NFS) operated by the National Payments Corporation of India (NPCI). SCUB wanted to go live with RuPay card services for ATM, POS and eCommerce channels simultaneously.
MAXIMUS connected the bank to NPCI through its ASP Switch hosted at its PCI-DSS certified data centres. Apart from Switching, MAXIMUS is also offering complete card production and PIN mailer services. The MAXIMUS ASP Switch is connected to the bank’s Core Banking System (CBS) through ISO8583 messaging.
SCUB is now part of the national ATM and POS network. Its customers can also use the RuPay debit cards to carry out online transactions.
MAXIMUS provides 24×7 technical support to the bank.
The bank would be going live with the MAXIMUS Immediate Payment Service (IMPS) solution, ABHI, shortly.