Karur Vysya Bank launches travel cards enabled by enStage technology

Bangalore, Sept.16 (ANI-Business Wire India): enStage, Inc., today announced the launch of Karur Vysya Bank's travel cards enabled by enStage's prepaid card platform.

The Karur Vysya Bank's Visa-branded travel cards are being offered in three currencies, US Dollars, Singapore Dollars, and the Euro. The travel card can be used at any point of sale merchant that accepts Visa cards, at an ATM as well as for Internet purchases.

The travel card which is designed for international travelers is valid in all countries except India, Nepal, and Bhutan. The travel card can be obtained at any of the designated branches of the bank.

Karur Vysya Bank is introducing travel cards for international travelers to provide them with convenience and savings over other forms of currencies used by travelers to foreign countries. The consumer can use the travel card to make purchases as well as to withdraw cash at ATMs including E-commerce transactions. This service is available to both the bank's customers and non-customers. Karur Vysya Bank now has gift cards and travel cards in its prepaid portfolio.

Karur Vysya Bank chose enStage's ACCOSA platform for its prepaid card portfolio as it provides the flexibility and configurability that the bank was looking for in order to offer innovative solutions to their customers. As consumers demand payment solutions that fit their lifestyle, Karur Vysya Bank found enStage to be the right match.

"Payment solutions not only need to keep up with rapidly changing consumer behavior, but must also act as a catalyst to new modes of payments - at different types of merchants, using different channels or simply adhering to payment rules defined by the consumer," says Govind Setlur, CEO enStage. "enStage constantly strives to bring innovation to payments while ensuring each transaction is secure," he added. "Karur Vysya Bank having recently launched gift cards and now travel cards, has established itself as a leading provider of new services and enStage is excited to be the chosen partner," he continued.

"enStage is proving to be the ideal partner for Karur Vysya Bank. Not only do they offer the best prepaid platform, their invaluable dedication and customer focus enables us to service our customers better," said Karur Vysya Bank's Managing Director and CEO, Mr. P T Kuppuswamy.

tHE Karur Vysya Bank offers the wide gamut of financial services to millions of its customers under one roof. Karur Vysya Bank continues its endeavors to bring the best of products and services to its customers to emerge as the techie bank that provides the gateway to Smart Way to bank.

enStage is a leading provider of innovative payment solutions to meet the demands of today's payment needs while innovating for the future. enStage products offer a range of payment channels to cater to payment needs on the Internet, POS, and mobile devices while facilitating global payments. The company also provides hosting and processing services for payment products, and security solutions. In addition, it offers dispute and exception processing, cards processing, and customer care services. The company serves financial institutions, retail, and corporate customers. (ANI)