“Atos Origin offers banks the processing of instalment credit for the first time on the German market”
Frankfurt/Main, 9 October 2006
Atos Worldline, an Atos Origin Company, is the first service provider on the German market to offer banks the processing of instalment credits for credit cards. Through this new credit option, banks can now increase the profits per card and further expand their instalment volumes. This new functionality has been developed in cooperation with Atos Worldline bank partners and will be first implemented at Landesbank Berlin AG.
Instalment credit by credit card is mainly designed for the financing of medium to large expenditures such as car repairs or new purchases via an existing credit card account. The instalment credit periods and the monthly rate levels are fixed.
Implementing credit drawdown
The credit can either be carried out:
- through the transfer of the credit amount to the customer's current account,
- through the settling of the current account balance on the credit card account,
- through the settling of part of the current account balance or a single card transaction by the customer.
A fixed instalment amount can be calculated online, i.e. either on the basis of the instalment amount or on the period of credit suggested by the cardholder.
Instalment credit is processed through Atos Worldline card management system's new instalment function. Unlike instalment payments under revolving credit, the “Instalment Credit” solution extends the use of credit cards to further transactions in accordance with the credit limit fixed, even after the limit has been reached (optionally).
The corresponding amount paid per credit card is subsequently converted into an instalment credit by calling the cardholder service - or in the future by the cardholder himself using the Atos Worldline SEMPRIS®web solution. This enables several instalment credits with different payment plans to be mapped per credit card account in the Atos Worldline card management system. Thanks to the multi-layered design of the extended credit, banks additionally benefit from further individual configuration possibilities. In this way, for example, they can control the risk over the limit, over different amortisation schedules or a comprehensive report.
According to Peter Vesco, Business Unit Manager, Banking & Finance International, at Atos Worldline, “The major advantage of instalment credit for credit cards is that it removes the need for a lengthy procedure in terms of checking and granting credit. Furthermore, an instant credit decision and credit allocation are possible, not only over the Internet but also at the point of sale, on the basis of the available credit limit on the card account. With Atos Worldline's “Instalment Credit” solution, banks can thus considerably increase the current profits per account.”
About Atos Origin
Atos Origin is an international information technology services company. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company's annual revenues are more than EUR 5,5 billion and it employs over 47,000 people in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors. Atos Origin is quoted on the Paris Eurolist Market and trades as Atos Origin, Atos Euronext Market Solutions, Atos Worldline and Atos Consulting.
Atos Worldline, an Atos Origin company - Atos Worldline is a major European player in the processing of large-volume electronic exchanges, specialising in electronic payment services, CRM and e-services (internet, voice and mobile services). With the focus on technological innovation, Atos Worldline implements its solutions in processing or integration mode. Atos Worldline has 2,600 employees in Europe and has an annual turnover of €400 million.
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