ACI Worldwide has modernized payments infrastructure for ATM and point-of-sale (POS) at State Bank of India (SBI).
SBI is India’s largest public sector bank, with a network of more than 22,000 branches spread across the country, with more than 440 million account holders.
SBI has more than 58,000 ATMs. SBI is an existing customer of ACI, utilizing its Retail Payments solution to acquire, authenticate, route, switch and authorize financial transactions across its ATM, POS and eCommerce channels.
The solution enables SBI’s ATM network to acquire Visa, Mastercard and RuPay cards, as well as manage ATM/POS authorizations. Transaction processing volumes frequently exceed 30 million transactions per day.
ACI collaborated with SBI to ensure the solution implementation met the bank’s complex switching needs and execute with minimal downtime and business impact.
“Considering the size and complexity of this upgrade, the migration process has been seamless and minimized risk in the production environment with minimum downtime required for switchover,” said Dhananjay Tambe, deputy managing director and CIO of State Bank of India.
“The migration of SBI to the latest iteration of our retail banking solution is a testament to our team, which has a strong track record of managing many large and complex migration projects,” said Kaushik Roy, vice president & country leader – South Asia, ACI Worldwide.