19 November 2009

Raiffeisen Introduces Avaloq Banking System for Clearing and Settlement of Card

Raiffeisen Introduces Avaloq Banking System for Clearing and Settlement of Card Transactions

This month, Raiffeisen Group successfully started using the Avaloq Banking System for the clearing and settlement of card transactions. In January 2009, the third largest banking group in Switzerland already replaced its securities and trading business applications with Avaloq's software. Now, Raiffeisen Group has taken the first step to introduce the Avaloq Banking System to process its payment transactions.

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