SIA-SSB Will Manage Bank Of Italy's Interbank Computerised Archive Of Bad Cheques And Payment Cards

The value of the contract is over 23 million and it will have a fiveyear duration with the possibility of a further three year extension Bank of Italys interbank computerised archive of bad cheques and payment cards (CAI) contains data

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The value of the contract is over 23 million and it will have a fiveyear duration with the possibility of a further three-year extension Bank of Italys interbank computerised archive of bad cheques and payment cards (CAI) contains data on irregular bank and postal cheques and payment cards

The Italian Interbank Network will guarantee the interconnection between CAI headquarters and the remote sites at the notifying bodies (banks, Poste Italiane, supervised financial intermediaries issuing payment cards, Prefectures, Judicial Authorities)

SIA-SSB has won the tender called by the Bank of Italy for the management of the Interbank Computerised Archive of bad cheques and payment cards (CAI – Centrale di Allarme Interbancaria). The total value of the five-year contract with a possible further three-year extension, is 23,174,800.

SIA-SSBs proposal was selected thanks to its high technical-qualitative features and its better economic conditions compared with the competition. SIA-SSB will manage the entire IT system at CAI headquarters, controlled by the Bank of Italy, as well as the interconnections with the remote sites (local archives) located at the notifying bodies premises (banks, Poste Italiane, supervised financial intermediaries issuing payment cards, prefectures through the Interior Ministry, Judicial Authorities through the Ministry of Justice).

Also planned are additional new functions, among which the link to already available network infrastructures participating in SITRAD, the system for electronic data transmission, and the strengthening of disaster recovery procedures.

The CAI will exchange data with the remote sites through the Italian Interbank Network (RNI) according to current standards. The notifying bodies must send SIA-SSB the information related to the various irregular payment tools on a daily basis and in return will receive confirmations and aggregated reporting results.

Bank of Italys interbank computerised archive of bad cheques and payment cards, established according to law following the decriminalisation of a series of minor offences including the drawing of uncovered or unauthorized cheques, provides a service in the public interest aimed at ensuring the correct operation of the payments system.

D.C.

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