Product category:
Smart cards
News Release from: Nomad | Subject: Nomad Payments
Edited by the Marketingservicestalk Editorial
Team on 06 June 2007
Manchester BS unveils Maestro debit card
The Manchester Building Society has launched a Maestro debit card to extend its comprehensive portfolio of investment and mortgage products, helped by the Nomad Payments outsourced service.
Since its recent acquisition of Whiteaway Laidlaw Bank, one of The Manchester Building Society's main priorities was to extend its banking facilities by offering customers the benefits of a debit card scheme, and Nomad, one of the market-leading card payment processors, helped it to realise this opportunity The complexities of the merger, together with migrating Whiteaway Laidlaw Bank's existing Switch card customers to Manchester's own host system (Summit), presented a number of challenges for the project
This article was originally published on Marketingservicestalk on 2 Nov 2007 at 8.00am (UK)
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However, with the help of Nomad's team andits strong partnership with the Newcastle Building Society, acting as principal MasterCard member, the Manchester has been able to launch its new UK Domestic Maestro chip product on schedule.
"With Nomad's support the migration was more straightforward than we could have hoped," said Paul Lynch, Operations Director at The Manchester Building Society.
"Nomad's professional and flexible approach enabled a smooth transition and expertly addressed all the challenges of our tight deadlines and integration requirements".
Nomad's service provides both debit and prepaid card solutions.
By combining its significant experience in debit with its industry leading capability in the prepaid card arena Nomad offers the solution best placed to satisfy the card issuing needs of the mutual sector.
At the heart of the service is Nomad's Cortex processing platform, one of the most advanced and comprehensive card payment solutions available today, and a significant factor in the success of the project.
"The Nomad Payments outsourced service is proving very valuable to the innovators in the Mutual sector," said John Yeomans, CEO, Nomad.
"Debit cards are currently recognised as one of the main opportunities for building societies to develop their portfolio and become even more competitive in the wider financial arena.".
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