21 Sep 2022

CS product range is being continuously developed and improved. Currently  one of the priority directions is the development of the card servicing products, namely the modules: card back office, logistics and acquiring. These solutions have extensive functional and integration capabilities. Recently IBOX Bank became a new user of the Card Back Office module.

Ukrainian First transaction bank IBOX BANK JSC, which is a user of the core banking system B2 and the online-banking iFOBS for individual and corporate clients has recently implemented another CS solution – Card Back Office Module. 
The main aim of its implementation – is centralization of the card operations conduction and opportunity of issuing the unlimited number of cards.

Volodymyr Lapa, head of CS Kyiv Office:
“With the Card Back Office module implementation IBOX BANK had achieved  not only the high-end multifunctional solution for managing the cards life cycle from the single point – CBS B2, but also the single back office for all banking operations”.

Card Back Office Module allows to:

• Emit cards of different payment systems (MasterCard/Visa).
• Support the whole product range of the processing systems: personalized cards, instant cards 
• Support cards with magnetic tapes, chips (including non-contact ones), hybrid.
• Emit and service cards addressed to the name of the account holder and the third-party.
• Set/edit the accounting model during the clearing file processing. 
• Perform the exchange of all necessary  information with the processing center.
• Work with instant-cards.
• Issue additional cards.
• Reissue cards.
• Block cards.
• Account card agreements, accounts, cards.
• SMS-informing and 3D-Secure.

Petro Melnyk, the Chairman of the Board of the IBOX BANK:

«Current conditions demand that the banking market players should not only support their systems at the modern requirements level – the global digitalization dictates the tendencies of the constant update. IBOX BANK acts according to principles of the constant growth and aims to exclude manual operations completely. Therefore, we work on achieving the maximum automated decision making process using only high-tech equipment and services”.

Petro Melnyk thinks that today it is time for a new integration turn. 
The implemented Card Back Office module is integrated with the TASlink processing.

Advantages of the module use:

• Resources reduction on data transfer analysis due to the lack of data replication between systems.
• No need to purchase additional hardware
• No need to purchase additional Oracle licenses.
• No need for additional human resources to service a separate card system.

About IBOX Bank

IBOX Bank has been operating on the Ukrainian financial market since 1993. At the end of 2021 bank registered the five-time income growth. 
Bank stakeholders maintain the approach of the economic patriotism and invested the whole past year income into the bank capital. Since February 28, 2022 the share capital of the bank has increased by half a billion hryvnias. Due to the investments in March the IBOX BANK grew and became the member of the second bank group.
In August 2022 the rating committee of the RA Expert Rating made the decision on assigning the long-term credit rating of the IBOX BANK at uaAАА level.