Grappling to manage its burgeoning business, the country's largest public sector lender the State Bank of India has invited bids from IT firms for providing end-to-end solution for the debit card related activities of the SBI Group.
"The SBI (is) inviting proposals (technical and commercial) for procuring, processing of card and PIN files and Personalisation (embossing/indenting) of Debit Cards and/or printing of PIN mailers for State Bank Group's ATM Network", the bank said, while inviting request for proposal (RFP) from prospective companies.
The selected bidder will be required to provide "end-to -end solutions" for various activities related with the debit cards, it said.
The SBI Group is a leading debit card issuer in the country and has issued about one million debit cards on VISA and MCI platforms.
The bidder, in addition to obtaining approval of design and product from VIAS and Master Card, will be required to provide solutions for web-tracking facilities, uploading of data and dispatch of cards to customers.
The bidder, according to the terms and conditions of the bidding, would also be responsible for safety, security and confidentially of the data.
The interested companies can submit their bids for managing SBI Group debit cards by January 31.
SBI operates through a network of over 9,500 branches in India and abroad. Its associate banks have 4,700 branches and the group has over 4,000 ATMs.