Case Study: JCC Payment Systems achieves fast, cost-effective SEPA processing across Cyprus with IBM Financial Transaction Manager

Creating a gateway to growth with timely, cost-effective SEPA services across Cyprus

JCC Payment Systems Ltd, a leading payment processing provider in Cyprus, faced the challenge of implementing a SEPA-compliant transaction hub to meet a strict European Commission deadline. To achieve this ambitious goal efficiently, JCC partnered with IBM and utilized the IBM Financial Transaction Manager for SEPA solution.

IBM, through its IBM Global Business Services team, deployed the solution within just five months. This created a central payment hub for the entire country, enabling JCC to offer SEPA transaction processing as a service to banks and creditors. The results were significant, with the system processing 250,000 transactions on its first day and now handling around nine million SEPA Direct Debit transactions annually with flawless performance, enriching JCC's service offering and driving its growth.

JCC Payment Systems Ltd

Demetris Papaphillipou

SEPA DD Project Manager