Credit Cards

With the afb Credit Management Solution (afb-CMS), financial services providers operate their credit card business at the highest level of automation across all sales channels. afb-CMS consistently maps all processes of the credit card business, from product selection and application, through automated credit decisions and processing and opening of the account to contract management and accounting, in an integrated, web-based solution. With this solution, financial services providers control all their credit card business via standardised, highly automated processes.

Services Credit Cards

  • Settings for card name, card system (Visa, MasterCard), card type (pre-paid, post-paid), annual fee (free, first year, next year), partner card (no, yes, cost), payable interest (no, yes, interest rate), checking account (no, yes), contactless payment (no, yes), maximum liability amount, loan interest rate, credit checking (no, yes), extras such as preferred PIN
  • Definitions of terms for payment or cash withdrawal in the home country, in the euro zone, in foreign currency in or outside Europe
  • Determining bill settlement by direct debit from the reference account or bank transfer
  • Determining the repayment agreement with activated credit function as a percentage of the total bill amount, but at least a minimum amount
  • Additional services such as insurance, participation in bonus systems, reductions for travel etc.
  • Applications from natural persons such as individuals and the self-employed and from legal entities, collection of the required data warehouse with plausibility check
  • Automated request of information, scoring or rating systems, , generating automated or manual credit decisions, workflow-supporting application processing
  • Activation of the credit card account, creating and delivering the credit card, continued processing of deposits and withdrawals, bill settlement, interest calculations for deposits and loans

Advantages at a glance

  • Integrated system: afb-CMS covers the entire life cycle of the contract in an integrated system – from proposal to termination of contract.
  • Free choice of distribution channels: with the solution, financial services providers are present in the desired B2B and B2C sales channels.
  • High degree of automation: with afb-CMS, our customers operate their credit card business with the highest level of automation. It is designed for high-volume, standardised processes, quick decisions and automated handling of contractual management.

     

    • Flexible financial products for different types of business: the module group Credit Cards provides the possibility to offer flexible financial products for specific business types. It supports all major credit card types, repayment arrangements and interest gradations.
    • Flexible range of additional services: the solution Credit Cards supports various additional services such as insurances, participation in bonus systems, reductions for travel etc.
    • Decision within the framework of the risk strategy: afb-CMS makes the credit decision based on the criteria and rules defined by the financial services provider. This ensures compliance with standardised and centralised guidelines and regulatory requirements.

     

    For more information, please contact us

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