ACET Processing upgrades to latest release of VisionPLUS

Issued by PIC Solutions
Cape Town, 22 Jun 2006

ACET Processing, the specialist third-party processor of accounts, customers, events and transactions, has recently implemented the latest version of the VisionPLUS consumer finance system.

VisionPLUS, from First Data International, is used globally in over 100 companies, making VisionPLUS the most widely used financial transaction processing engine in the world.

ACET Processing will now host its clients on VisionPLUS Rel 8.21, the most up to date release currently available. VisionPLUS is designed as a flexible full-feature consumer finance system and by investing in the implementation of the most advanced version of the software, ACET Processing will ensure its clients enjoy access to best of breed, state of the art functionality, designed to support the global needs of international financial service organisations.

Mike Crawley, Director of Software Services at ACET Processing, states: "ACET Processing is committed to providing its clients with access to the most advanced consumer finance solution available - we believe that VisionPLUS Rel 8.21 delivers exactly that. The system enables clients to attract and retain profitable customers; manage customer spend and exposure across a variety of products (bankcards, credit cards, retail cards, lending products); deliver outstanding cost-effective customer service; apply criteria based time driven collection strategies for out of order accounts. In addition, our processing clients now have access to a wide range of new functionality, incorporated in this latest release of VisionPLUS. Clients can take immediate advantage of this advanced functionality, without carrying any of the costs that one would normally associate with an in-house implementation, re-development, or upgrade."

First Data International

First Data Corp (NYSE: FDC), with global headquarters in Denver, Colorado, USA, powers the global economy. Serving approximately 2.8 million merchant locations, 1 400 card issuers and millions of consumers, First Data makes it easier and more secure for people and businesses to buy goods and services using virtually any form of payment: credit, debit, smart card, stored-value card or cheque at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company`s Web site at www.firstdata.com.

ACET Processing

ACET Processing provides third-party processing for accounts, customers, events and transactions. With offices in Cape Town and Johannesburg, we offer clients across Africa access to both the VisionPLUS consumer finance system and the TRIAD account management solution. ACET Processing is jointly owned by PIC Solutions, the largest risk management consultancy in the Southern Hemisphere, and First Data International. Through this unique combination of proven state-of-the-art credit and risk systems, world-class third-party processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services. For more information, visit the ACET Processing Web site at www.ACETProcessing.com.

Editorial contacts