Informe_Anual_Cecabank

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03 Our Business Model
Cecabank 2015 Annual Report
Banking Services
The main activity conducted by Means of Payment
is the service for processing transactions with cards
between entities and other means of payment systems.
This implies that one card of the 10 million issued by
one of the customer entities can operate on the service
networks of other clients and entities belonging to other
national or international systems. It also process the
transactions conducted through the more than 8,000
ATMs and 159,000 POS terminals in the EURO 6000
network or through direct connections with major retail
chains and virtual POS on e-commerce pages.
Moreover, Cecabank offers integrated operating
management and processing services to Trionis which,
in turn, provides exchange services and routing of
operations made with cards worldwide.
Thanks to the above two activities and the fact that
Cecabank has a bank licence, we clear and settle the
transactions processed.
As added values, we also provide our own applications
as a service for managing the issue of debit and credit
cards. The whole life of a card is managed through these
applications. We also offer applications for managing
devices through which acquirer operations (POS and
ATMs) can be conducted. These applications make it
possible to manage all the devices of an entity which
does not have its own management application.
In addition, we provide a series of value added services
related to card issuance and acquisition, such as a
solution based on the generation of virtual cards,
gateways for devices to a processing node which resolves
different problems such as remote management, PIN
management, acquirer solutions for different types
of businesses (POS, mobile POS, m-POs, virtual POS),
solutions for bonding and loyalty-building, apps and
payment wallets, amongst others. Moreover, we provide
a service with specialized knowledge for managing
disputes over transactions paid by card.
Means of Payment
We are also specialists in specific advisory services
related to payments by card, both technological
payments (migration to EMV, migration to contactless
and, in general, implantation of international standards)
and to obtain the best practices for managing fraud, or
for the development of the business.
Lastly, in line with the Spanish market’s move towards
contactless, the HCE technical infrastructure has been
developed for payment through NFC mobile devices
and for advisory services for the implantation of new
wearable card formats.
Activity during the year
2015 was characterized by exploring new
collaboration opportunities with other regions in the
world, specifically Europe and Latin America, in order
to increase diversification of products and clients, and
innovation. Thus, since July 2015, we participate as
active members in the Association of Latin American
Means of Payment Networks.
As in previous years, we continue to obtain excellent
results in the fight against fraud. Once again, the
entities in the EURO 6000 system are the Spanish
leaders in the detection and prevention of fraud in
transactions conducted with cards. This is thanks to
the efficiency of the bank’s teams supported by the
Espia system, operated by Cecabank.
As occurred in the past, VISA and MasterCard
recognized Cecabank’s full compliance with the
security requirements established in the PCI DSS
standard on their respective official websites.
In accordance with the PCI Security Standards
Council, this compliance was verified by an external
auditor certified by the organization to conduct the
corresponding auditing procedures.