- a payment system company
CONTENTS:
COMPANY DATA
COMPANY DATA
EXPERTISE
BOARD
PARTNERS
CLIENTS
INVESTORS
PRODUCT, SERVICES & INFRASTRUCTURE FACILITY
ARAKAN IT
COMPANY DATA FSS is a global provider of electronic payment and transaction processing solutions and services for the banking and financial services industry.
DOE – 1991
# of Employees - >1,000
Serves >100 global clients in 4 continents
Local Company Sponsor in the Kingdom: ARAKAN IT - http://arakanit.com/index.html
Last date of press release RE: NEW BOARD was may 2010 via Business India, Chennai, May 02, 2010, RE: EXPANSION via The Economic Times, Chennai, May 08, 2010 and its inauguration via Financial Chronicle, May 07, 2010
FSS is a pioneer in electronic payments and caters to a majority market share in card based transactions in India. FSS has enabled premium banks and financial institutions to process more than five billion transactions a year
Business Divisions
1. FSSTechnologies
Covers a from initial pre-sales, consulting support, production support, business enhancements and training. Services include product development, support, customization and re-engineering.
2. FSSNeT
Launched in 2001, FSSNeT, the hosted payments services business of FSS, offers shared payment services for the banking and financial services industry. Hosted services offered include transaction switching & Interchange connectivity, ATM deployment & managed services, Point-of-Sale (PoS) deployment & managed services, Merchant Management, Card Issuance & Management, Financial Inclusion & Micro banking, Internet & Mobile Payments and Value Added Payments.
FSS Domain Expertise
EFT Switch - implementation, management
Authorization host systems & interchanges
ATM & POS - deployment, management
Debit, prepaid, smart & credit cards lifecycle management
Internet & mobile payments
Merchant management
Financial inclusion & micro banking
Risk & fraud prevention
Data management and contingency systems
BOARD
Nagaraj V. Mylandla - Founding & Managing Director
Rudhraapathy J – Director
Sharada Mylandla – Director
Bala Deshpande –Director
Srinivas Chidambaram -Director
PARTNERS
ACI Worldwide - http://www.aciworldwide.com/
Integrated Research - http://www.ir.com/
Hewlett-Packard - http://www.hp.com/
IBM - http://www.ibm.com/
Oracle - http://www.oracle.com/
ATM vendors
FSS has strong relationships with leading ATM manufactures including NCR Corporation, Diebold International and Wincor-Nixdorf.
POS Vendors
FSS works closely with leading Point of Sale (POS) terminal vendors such as Verifone, Ingenico, Hypercom and Schlumberger (Axalto). Most major ATM and POS vendor partners have supplied their terminal equipment and software for new product development and support at FSS' technology centers.
CLIENTS
Over 35 leading banks in India rely on FSS payment products and services.
Here is a representative list of our constantly growing customer base
(in alphabetical order):
ABN Amro Bank Karur Vysya Bank
Andhra Bank Kotak Mahindra Bank
Bank of Ceylon Lakshmi Vilas Bank
Bank of Maharashtra National Savings Bank, Sri Lanka
Bombay Stock Exchange Oriental Bank of Commerce
Bhutan National Bank Punjab National Bank
Canara Bank Reliance Mutual Funds
Druk Punjab National Bank State Bank of India
Everest National Bank State Bank of Mauritius
Federal Bank Syndicate Bank
HDFC Bank UCO Bank
ICICI Bank Union Bank of India
IDBI Bank UTI Bank
Indian Bank Vijaya Bank
IndusInd Bank
INVESTORS
Jacob Ballas Capital India Private Limited
FSS is proud of its association with Jacob Ballas Capital India Private Limited- JBC. JBC is a private equity advisor based in New Delhi, India with a 19 member team and advises three India focused private equity funds (“NYLIM Jacob Ballas Funds” or the “Funds”) with funds under management of over $600 million. NYLIM Jacob Ballas Funds have completed twenty growth capital investments in India since 2000, typically minority stake investments in privately held growth oriented “blue-chip” Indian companies, usually leadership platforms in fast growing, fragmented industries. JBC has a strong track record of assisting portfolio companies in areas such as business strategy, business development & strategic alliances, talent attraction, M&A initiatives, and IPO preparation.
New Enterprise Associates, Inc.
New Enterprise Associates, Inc. (NEA) is a leading venture capital and growth equity firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $11 billion in committed capital, NEA invests in information technology, healthcare and energy technology companies at all stages in a company’s lifecycle, from seed stage through IPO. Since the firm’s founding in 1978, NEA’s experienced management team has invested in over 650 companies, of which more than 165 have gone public and more than 265 have been acquired. In the U.S., NEA has two offices in the Washington, D.C. metropolitan area and one in Menlo Park, California. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit,
PRODUCT AND INITIATIVE FOR THE PAYMENT INDUSTRY
FSS Debit
FSS Prepaid
FSS Smart
FSS Merchant
FSS Recon
FSS Mobile payments
FSS Financial inclusion
FSS Bill Pay
FSS Connect
FSS Filex
FSS Biometric Authorization
PRODUCT DESIGN RE ENGINEERING & SUPPORT SERVICES
Product sustenance services
Product development services
Implementation services
Customer Specific Modifications (CSM)
Upgrade & Migration services
Onsite technical support
Remote technical support (help desk)
Testing services
Product certification & Quality assurance
Product consulting
HOSTED PAYMENT SERVICES
Transaction switching & Interchange services
ATM & POS management services
Internet payment gateway
Mobile payments & VAS
Card management & Reconciliation services
WORDCLASS INFRASTRUCTURE FOR PAYMENT INDUSTRY
World class data centre
Computing infrastrucuture
Disaster recovery infrastructure
Managed service center
ARAKAN IT
In the year 1990, Arakan was founded in Riyadh, the group has become a leading establishment in the gulf region providing support centric services to its clients across industries.
In the year 2008, Arakan channelized its energies into IT sector forming Arakan IT, which provides services to various sectors in the Gulf region. Arakan IT brings deep industry and process expertise in RFID, GPS and Biometrics technologies to provide integrated and market specific solutions to its clients.
Arakan IT works with clients on three levels of growth: Transformation
Operational Excellence
Client value creation
SERVICES
solutions based on the client requirement as GPS, RFID and Biometrics
Approach for successful deployments :
For any solution to work, the physics, process and systems need to work in coherence to deliver the desired results.
We have well-tested and proven methodologies to achieve the same.
Learn from our experience.
Analyze your unique requirement.
Set right expectations on the feasibility.
Identify the correct technology and their interdependencies.
Identify the existing business process that needs to be re-engineered to accommodate the technology.
Deploy the solution.
Support the solution.
Office: No.26, Al-Hurra Street, Olaya District, Riyadh, Kindom of Saudi Arabia. Tel: +996-1-4660124
by: bodengdeng
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