Canara Bank uses Polaris solution for its credit card

Our Corporate Bureau
20 May 2005

Chennai: Public sector bank Canara Bank, has completed its rollout of countrywide automated credit card solution using `Intellect Cards'' from Polaris Software Lab Limited. The bank has opted the new solution as it has plans to increase its credit card client base from 1.25 million to more than five million.

According to Polaris Software officials the Canara Bank project involved implementing solutions for managing card issuance and acquiring, fraud management, authorisation, loyalty management, debit card management, and collections. The solution was implemented at the head office of the Canara Bank card operations in Bangalore and enables card management across the 2500 branches.

"As one of the pioneers of the credit cards business in India, Canara Bank was keen to upgrade its ability to deliver rapid, accurate and reliable services to its large customer base", said B.Swaminathan, executive director, Canara Bank.

"For over 19 years, Polaris Software has delivered focused solutions in banking and financial services to clients across India and throughout the world," said Koen Van den Brande is president — Product Group. "We are delighted to be able to offer that expertise to Canara Bank."