SVS Launches Data Center in China (Dec. 5, 2013)
Global gift card provider Stored Value Solutions (SVS) is strengthening its position in China with the launch of a new data center in Shanghai. The data center complies with local regulations, which stipulate that any new card issued in China must be processed within the country, according to today’s announcement.
SVS already has a regional office operating out of Shanghai and Vice President of Business Development for the Asia-Pacific region, Shoney Yuan, explains that the investment in this data center is part of SVS’s long-term strategic vision for the region. “This data center enables us to expand our local expertise, while providing both compliance with Chinese law and the secure functionality that our clients have come to rely on.”
The data center mirrors state-of-the-art facilities that SVS currently operates out of Louisville, Ky., and Brentwood, Tenn., the company said. Multilayered functionality within each of the data centers permit “always on” services, with seamless switching should any malfunction or maintenance require a system shut-down.
“We have a responsibility to our local and multinational clients to enable them to make the most of the growing Chinese stored value market potential [valued at $160 billion in 2012],” notes Mark Schatz, executive vice president and general manager, SVS.