EDS Launches Mid-Range Card Platform in Latin America



    
    Brazil's BV Financeira Signs Six-Year Contract and Becomes First Client of
    New Platform
    

    SAO PAULO, Brazil, June 13 /CNW/ -- EDS (NYSE:   EDS) today announced the
launch of a new mid-range card platform that will allow a wider scope of
financial institutions to introduce more creative, differentiated products
within a shortened time frame. The new solution offers robust functionality
for private label and bank issuing, both regional and global. The mid-range
card platform is already operational in the EDS regional Service Management
Centres in Brazil.
    Providing proven customer benefits, the new card solution presents
substantially lower costs than a mainframe platform, combined with volume and
consumption-based pricing which transforms traditional fixed costs into
variable costs. Private label and bank card issuers will also find a reduced
time to market and comprehensive authorization tools to ensure compliance with
risk policies. EDS' mid-range card platform is also differentiated by linking
traditional credit and installment loan products, enabling a single view of
customer account balances.
    Sao Paulo-based BV Financeira has signed a six-year agreement with EDS to
process its credit card transactions, making the Brazilian financial
institution the first client to launch a credit card product using EDS' new
mid-range card platform. BV Financeira's first card production was launched
with both MasterCard and Visa cards within a two-month time frame by EDS. BV
Financeira anticipates its card portfolio will grow to approximately three
million cards in the next six years.
    "Our success with BV Financeira demonstrates EDS' innovative offerings
and reaffirms our global financial services expertise, including deep
knowledge of card processing in Latin America," said Bob Segert, vice
president, global financial products at EDS. "Our mid-range card platform
gives financial institutions the opportunity to gain entry into the card
marketplace without heavy capital investment or long lead times, all on an
architecture that ensures scalability."
    More than 100 EDS professionals were directly involved with the
development and launch of this card platform in Brazil.  Additionally, EDS
relied heavily on the best-in-class technology of three EDS Agility Alliance
partners: EMC (storage), Oracle (database licenses) and Sun Microsystems
(servers). Each partner worked jointly with EDS to define the architecture for
the new card platform, as well as the environment needed to develop and test
the solution.
    "Currently, EDS Brazil processes 4.5 million cards annually, totaling 2.1
billion transactions for its financial services clients," said Chu Tung, EDS
country manager, Brazil. "EDS occupies the leading position in cardholder
transaction processing in Brazil and, globally, has operations in more than 18
countries."
    Some 25,000 EDS employees work on finance-related projects for about 200
customers in 30 countries for clients such as ABN Amro, Aon, Bank of Canada,
Bank of Queensland, la Caixa, CIBC, Commonwealth Bank Group, KBC, Korea First
Bank, Lloyds TSB, Royal Bank of Scotland, Societe Generale, Visa and Westpac.

    
    About BV Financeira
    
    Established in 1996, in only 11 years BV Financeira became one of
Brazil's largest financial institutions, with about 2 million clients and a
funding portfolio that exceeds R$ 10 billion. All this was built by a winning
team of 3,800 employees in 54 agencies spread all over the country. The
Votorantim Group started being built in 1918. It has been operating in several
industries such as the cement, metals, pulp and paper, agribusiness, chemical,
and energy industries. In 1988, always in search of diversification, the group
started the creation of what was later called the Votorantim Financas holding
company that now gathers Banco Votorantim, Votorantim Asset Management,
Votorantim Corretora and BV Financeira.

    
    About EDS
    
    EDS (NYSE:   EDS) is a leading global technology services company
delivering business solutions to its clients. EDS founded the information
technology outsourcing industry 45 years ago. Today, EDS delivers a broad
portfolio of information technology and business process outsourcing services
to clients in the manufacturing, financial services, healthcare,
communications, energy, transportation, and consumer and retail industries and
to governments around the world. Learn more at http://www.eds.com.

    
    About the EDS Agility Alliance
    
    The EDS Agility Alliance is a coalition of companies globally recognized
for their quality, products and value to clients. Its mission is to innovate,
develop and deliver the EDS Agile Enterprise Platform -- EDS' next-generation
global delivery system. Together, EDS and its Agility Alliance partners
collaborate to design, build and run a market-leading services platform and
develop technology-based services to deliver tangible client results. EDS
Agility Alliance partners include Cisco, EMC, Microsoft, Oracle, SAP, Sun
Microsystems and Xerox.

    
     CONTACT:
     Annabelle Baxter -- EDS                      Gabriela Boff -- EDS
     972 605 09 78                                011 3707 4339
     annabelle.baxter@eds.com                     gabriela.boff@eds.com

    




For further information:

For further information: Annabelle Baxter, +1-972-605-0978, 
annabelle.baxter@eds.com, Gabriela Boff, 011 3707 4339, 
gabriela.boff@eds.com, both of EDS Web Site: http://www.eds.com/

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