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Krungthai Card Transactions to Go Offshore to Help Reduce Costs.
Byline: Darana Chudasri
Oct. 6--Krungthai Card transactions will go offshore to a central processing centre in Melbourne, Australia under a contract signed last week with Certegy, a US-based financial services payments company.
KTC president Niwatt Chittalarn said the deal would help the company significantly reduce IT and operating costs.
Certegy will charge KTC processing charges based on transaction volume and accounts.
"Such precise cost calculations will allow us to manage resources more effectively. Overall, transaction processing costs will not exceed our current IT expenses, which now account for some 5 percent of total ...
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Source: HighBeam Research, Krungthai Card Transactions to Go Offshore to Help Reduce Costs.