Computer Warehouse Group in partnership with M2M, the world’s leading secured electronic payment solution provider is set to transform electronic payment in Nigeria.
Speaking at CWG’s recently concluded epayment seminar held in Lagos, M2M regional sales manager BourZaim Youssef stated that M2M Magix card management solution is a complete end to end e-payment solution that can revolutionize e-payment for any financial institution.
The need for a comprehensive solution which enables a bank take leadership position in the payment systems arena with a low total cost of ownership, complete flexibility and effective local support is not only apparent but biting.
M2M Magix card management solution is a universal payment management solution for back, middle and front office. It has cards issuing and management system, merchant acquiring, transaction acquiring and routing, clearing and settlement, risk and fraud management, loyalty program, ATM and POS management, Internet payment among others.
MAGIX TM is multi-protocol, multi-currency, multi-company and multi-country capable. It is EMV certified, SEPA ready and single message certified. MAGIX TM is a multi-platform, multi-O.S and multi-database product. MAGIX TM runs on AIX, HP-UX, Solaris, Sco, UnixWare, Linux, or any other O.S based on UNIX and using RDBMS ORACLE, INFORMIX or any other relational database system. MAGIX TM has the capacity to process large volumes of transactions from around the world.
Magix has been integrated with many banking applications in several sites and can also co-exist with other payment modules existing in a bank.
MAGIX TM currently has more than 200 references spread round the world. These include the largest bank in Egypt, the Algerian Postal Service, BNP Paribas of France, the Czech EFT centre, Nice Airport in France amongst several others.
M2M group’s success is today proven by more than 75 banks across Africa, Middle East and Europe. The group’s customer portfolio includes aggressive innovators entering new marketplaces, along with established leaders replacing legacy platforms to gain speed and efficiency. They are all running MAGIX TM software solutions to meet huge volumes and operational efficiency challenges while achieving speed-to-market and cost reduction.
Mr Emmanuel Eneh, head, Payment Systems, stated that Computer Warehouse through its software arm Expertedge Software has the manpower to implement and support the solution in Nigeria and West African and is bringing this to add value to our financial sector in a bid to make Nigeria realize her stated goals of being one of the top 20 economies in the world by the year 2020.
M2M group headquarters is in Morocco with offices in Paris, Egypt, Singapore, New York and the Middle East. The company is rated as one of the top 10 providers of e-transactions processing solutions in the world. M2M combines decades of experience in core business processes and hundreds of large e-transactions processing projects worldwide.