Subsidiaries
Among the first operators in the domestic market to obtain authorization from the Bank of Italy to become a Payment Institution entered in the register, PI4PAY offers citizens and businesses multi-channel collection and payment services for utility bills and postal payment slips, as well as for pre-paid card reloading (for example Postepay) and public transport tickets.
PERAGO
SIA holds the 100% equity participation in Perago, the most important provider of solutions and services for the financial system in South Africa. Founded in Pretoria with the aim of modernizing the regional and international financial system infrastructures, Perago is active in the area of payment systems development for central banks, and financial clearing and settlement systems. Thanks to its technological know-how, Perago developed its own RTGS system (Perago:rtgs) which facilitates funds transfer between banks and provides central banks with the tools to reduce risk, safeguarding security and reliability of the payments system of each country.
RA Computer
SIA holds a 87% equity participation in RA Computer, a company specializing in the development of back-office products in Euro and other currencies for the banking community and web applications for the banking and public sectors. RA Computer addresses three target markets: banks, business and public sector bodies.
The company has developed a specific set of banking solutions to manage the innovations that will come about from implementation of SEPA (Single Euro Payments Area), the European directive that is intended to create a single payments area by 2010. In this sector the company has unparalleled know-how as a result of the international experience acquired while supplying services for EBA STEP2, the pan-European clearing house for retail payments in euros. The members of the new Group will integrate their respective solutions for CBI (inter-bank corporate banking) to meet the needs of businesses and for public sector bodies will expand the current range of products for local authority treasury management.
The hub of the SIA Group in central and eastern Europe, is a "competence center" for ATM and POS terminal management and transactions switching. The activities of SIA Central Europe focus on full processing (issuing and acquiring) of card transactions (debit/credit, prepaid, loyalty, gift and fuel cards), terminal management and value-added services, compliance and reporting for surveillance of operations on financial markets for major banking groups and network services for connectivity and messaging via the SIAnet broadband infrastructure.
SiNSYS
SiNSYS was founded in 2003 as a joint venture between the leading European payment card companies. Created with the objective of offering solutions and services to manage international credit and debit cards, SiNSYS is an expert and reliable partner of the banking sector for card processing outsourcing.
Owned by SIA (51%) and ATOS Worldline SA/NV (49%), SiNSYS focuses on IT and back-office services for cards and merchants management. The offer is completely modular and customized to meet customer requirements.
The SiNSYS processing platform is one of the most state-of-the-art market. Both the issuing platform and the acquiring platform permit great flexibility to manage customized products and offer access to the economies of scale that derive from the management of a single system handling large volumes of banking groups in many European countries.
SiNSYS handles more than 25 millions cards, 700,000 points of sale and 1 billion transactions in the ten nations where it operates: Belgium, Netherlands, Italy, Germany, Czech Republic, Hungary, Poland, Slovakia, Ukraine and Russia.
TSP
TSP (Tecnologie e Servizi per il Pubblico), 100% owned by SIA, is a leader in the creation, development and management of solutions and services that boost the efficiency of collection, accounting and reconciliation processes of businesses and public sector bodies. Thanks to its Gateway infrastructure, TSP is the only interface capable of processing payments originating from a myriad of channels (ATM, home banking, POS, Call/Phone center, cash desks at retail outlets), enabling consumers and citizens to pay for services in self-service mode through bank and business networks using proven tools and methods.
TSP's most widespread creations are prepaid reload services (mobile phone, pay-perview TV, etc.), utility payments, taxes and electronic ticketing. In addition, TSP provides card-based solutions such as the inter-bank electronic wallet service and a wide range of easy-to-customize value added services (such as control of gasoline subsidies, parking payments, lunch voucher management, loyalty services, access to university services, payment for parking and public transport services in contact and contact-less mode, vending machine applications). Know-how gained in the chip card sector and active participation in the ABI Microchip Project allow TSP to call on a high level of expertise concerning microchip technology (EMV) and therefore to offer consulting services to the Group's customers.