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Financial Software & Systems Pvt. Ltd, a Chennai-based payments technology and transaction processing service provider, has been chosen by IDFC Ltd to provide end-to-end payments technology support for its upcoming banking operations this year.
This partnership will allow FSS to establish complete payments technology infrastructure for the upcoming IDFC Bank with services ranging from payments processing, card management, reconciliation to payment gateway for e-commerce, and Aadhaar Enabled Payments for financial inclusion, says a press release from FSS.
FSS will also install and manage the bank’s ATM network and provide cash recyclers to accept and dispense cash. This deal reinforces FSS’ position as a comprehensive payments processor, and FSSNeT hosted platform as a reliable option for banks/financial institutions to accelerate their go-to-market plans, the release said.
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