Monday, December 21, 2009

Credics Technologies Expands into Eastern Europe

Credics Technologies has broadcast their attendance in the key arising markets of Central & Eastern Europe to authorize their own appointment in Romania, Central Europe's additional better bazaar afterwards Poland. The appointment is a accessory of Credics and will serve the growing charge in the arena for amount able and adjustable transaction administration solutions and agenda processing platforms for banks, acclaim agenda companies and businesses.

The new appointment will accommodate beat solutions and casework for banks, third affair processors, retailers, and ammunition companies throughout the region, who historically were served by added ‘plain vanilla’ IT systems. The anew appointed CEO of the Romanian appointment is Diana Munteanu who brings with her all-encompassing agenda processing acquaintance in the bounded market.

Central and Eastern Europe (CEE) is one of the a lot of activating bounded cards markets common with countless players and opportunities according to industry analysts. Spending on prepaid transaction cards in Europe is estimated to ability US$164 billion by 2010, according to new Boston Consulting Group (BCG) analysis commissioned by MasterCard Europe. It is in Eastern Europe, area prepaid spending is set to accomplish the better appulse as a admeasurement of absolute transaction agenda spend.

"The arising markets of Central & Eastern Europe are important markets for Credics. Together with our absolute partners, our bounded appointment will be able to accommodated the appropriate needs of our barter in these countries and action them amount effective, modular and adjustable solutions for their processing problems,” says Haim Zemah, CEO and founder, Credics Technologies.

“Romania is a key country in the region, in accurate accustomed its new cachet as an EU member, a chump bazaar of over 22 actor and the actuality that it is one of the fastest-growing economies in Europe, says Diana Munteanu, CEO, Credics Romania. We attending advanced to accouterment bigger account to our accretion applicant abject in Romania and adjoining countries. “

About Credics
Since its enactment in 1999 by veterans in banking software, Credics has been in the beginning of the industry, creating and implementing processing solutions for financial, retail, and added institutions. The custom-built Credics solutions facilitate business of banking products, abounding use of abstracts intelligence and administration of banking transaction systems, all tailored to the absolute needs of anniversary business behindhand of admeasurement or scope.

Credics Technologies provides modular apparatus that abode the arising transaction processing needs of the client, while applicable in with the absolute basement and bequest systems. The different GL accounting based architecture of the Credo belvedere is complete at its core, according to the Payment Services Hub and Convergence frameworks accustomed by industry experts such as Gartner and Tower Group – acceptance the arrangement to abound and aggrandize above departments aural an organization.

Coordinated by a individual amount engine, the new Credics modules and absolute systems become one absolutely chip transaction processing belvedere that can handle abounding agenda arising and merchant acquiring, authorization, abstracts encryption, artifice prevention, EMV administration and added functions. For added advice amuse appointment our website at: www.credics.com

Contact:
Roy Chason
Credics Technologies
6 Hayozrim St
Or-Yehuda, Israel
972-363-44705
roy@credics.com http://www.credics.com .

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