Lusis announces major strategic deal with Crédit Agricole Cards & Payments

Lusis, a leading supplier of mission-critical payments software, today announced a major deal with Credit Agricole for its TANGO LitePOS technology. Crédit Agricole will integrate the TANGO LitePOS solution into its global payment project in order to address payment requirements in any format from across Europe.

Crédit Agricole Cards and Payments is a major European player in the payment space and its POS estate comprises approximately 300,000 terminals, Deploying TANGO LitePOS will deliver increased flexibility, scalability and reactivity. After a successful product trial over the past 12 months, LitePOS solution for Crédit Agricole, called TMS (Terminal Multi Services), is now ready for full roll out. TANGO LitePOS effectively splits a POS device into two component parts: a local device and a central terminal management server. By challenging the traditional POS terminal environment, it is now possible to offer a secure, more cost-effective, flexible and scalable POS environment for retailers. Independent of terminal suppliers, LitePOS combines traditional payments services with value added services, such as gift cards, online loyalty, promotional offers and instalment payments, to create a complete, tailor-made offering for retailers.

LitePOS provides advantages to all participants in the value chain. The consumer benefits from a targeted loyalty program, immediate discounts and the ability for multi-channel payments acceptance. Retailers benefit from being able to manage transactions and to add new services simply via a drag and drop feature through an online portal, thereby enhancing and reinforcing the relationship between them and their consumer. Finally, the overall flexibility of the solution provides the bank itself with better control over its terminals, increased market agility and the opportunity to capture further market share through offering innovative services to its retailers.

​Crédit Agricole Cards and Payments will be demonstrating this technology at the CARTES Secure Connexions Event 2013 from the 19th – 21st November in Paris.