FSS to Implement Montran Corporation Payment Solutions in India

FSS partnered with Montran a year ago to establish an Integrated Payments Hub solution for a large public sector bank, which was completed successfully.

Published: 11th January 2016 04:56 PM  |   Last Updated: 11th January 2016 04:56 PM   |  A+A-

By IANS

CHENNAI: Payments technology and transaction processing major Financial Software & Systems (FSS) has signed up with the US-based Montran Corporation to be the latter's exclusive systems integrator in India, FSS said.

In a statement issued here on Monday, the Rs.6.9 billion revenue FSS said: "This agreement with Montran will now enable FSS to provide customized solutions that will address the Wholesale Payments needs of the Banking industry in the country."

FSS has spearheaded the growth of retail and whole sale payments in India by serving banks, financial institutions, merchants, governments and other verticals through a rich portfolio of payments products and services.

The Integrated Payments Hub solution that FSS is bringing along with Montran will assist the Banks to strengthen their multi-channel strategy with less impact on their host systems for regulatory changes.

FSS partnered with Montran a year ago to establish an Integrated Payments Hub solution for a large public sector bank, which was completed successfully.

"Our partnership with Montran is highly strategic in nature. We are leaders in the Retail Payments and Montran brings invincible knowledge and global best practices in the Wholesale Payments space," Nagaraj Mylandla, managing director, FSS, was quoted as saying in the statement.

"As a one-stop solution provider, FSS can now assist Banks realize their vision of streamlining and consolidating payments and aid them to increase operational efficiency, optimize resources and enhance customer experience," the statement added.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.