ACET Processing Upgrades to Latest VisionPLUS Release

Released on: March 12, 2008, 11:32 pm

Press Release Author: ACET Processing

Industry: Financial

Press Release Summary: Cape Town, 11 March 2008 - ACET Processing (ACET) has
successfully consolidated the upgrade of their processing platform to Version 8.23
of VisionPLUS®.

Press Release Body: Scheduled upgrades of the VisionPLUS consumer finance system
form a key element of ACET's strategy of maintaining the leading-edge credit
processing solution in Africa.

With offices in Cape Town and Johannesburg, ACET Processing offers financial
services clients across Africa access to both the VisionPLUS account processing
system from First Data, and the Fair Isaac TRIADT account management solution. This
combination of world-class technology and the expertise of ACET's personnel enables
consumer finance organisations to launch consumer credit products rapidly and with
minimal capital investment.

Through the power of VisionPLUS, ACET empowers credit providers to offer a wide
range of consumer finance and credit product offerings - from private label and
association credit cards, to term loans, asset based finance, pre-paid cards, and
loyalty solutions.

Mike Crawley, Managing Director at ACET Processing, adds, "One of the key benefits
of partnering with ACET is that the partnership provides ACET clients with regular,
seamless upgrades to current releases of the core consumer finance system. Each new
release of VisionPLUS brings with it new functionality allowing for new product
offerings or existing product enhancements. In this way ACET clients can
continually pursue areas of competitive business advantage without any of the
challenges of maintaining in-house systems."

About ACET Processing
ACET Processing is an outsourced financial services solutions provider that renders
a wide range of processing services to a diverse client base of leading retailers,
consumer finance organisations, banks and service providers.

ACET Processing is jointly owned by PIC Solutions, the leading credit risk solutions
company in the EMEA region, and First Data International, a wholly owned subsidiary
of First Data Corporation. Through this unique combination of proven
state-of-the-art credit and risk systems, world-class outsourced processing
expertise and established customer management solutions, ACET Processing provides
clients across Africa with an unsurpassed range of services.

ACET Processing has formed a strategic partnership with T-Systems for the provision
of the underpinning technology infrastructure and facilities management for the ACET
technology platform.

For more information, visit the ACET Processing website at www.acetprocessing.com

Editorial Contact: Mike Crawley
Managing Director
Tel: +27 (0)21 681-2570
Fax: +27 (0)21 681-2561
Cell: +27 (0)82 333-5697
Email: mcrawley@acetprocessing.com
Web: www.acetprocessing.com



Web Site: http://www.ACETProcessing.com

Contact Details: PIC Solutions
Birkdale I
River Park
Liesbeek Parkway
Mowbray
7700
Tel: +27 (0)21 681-2570
Fax: +27 (0)21 681-2561
Email: Info@ACETProcessing.com

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