the heart of 7-Elevenâs Vcomâ¢ project providing the transaction routing and switching software for 7-Elevenâs growing financial services business.
Vcom is 7-Eleven storesâ kiosk that offers 24-hour, touch-screen convenience coupled with automated teller machine (ATM) capabilities to provide customers with financial and other services. Vcom is unique because of the variety of
offerings and payment methods on a single, self-serve device. Having successfully completed a 98-store pilot in Texas and Florida, 7-Eleven recently announced that the Vcom kiosks would be installed in 1,000 stores starting later this year.
Mosaicâs Postilion software product is the focal point of the network with which each Vcom kiosk communicates. Postilion is used to insure that the customer transaction is routed to the proper end-points, is secure, and when
properly authorized, verifies the accuracy of the completed transaction. In addition to verifying that the customer's transaction was completed successfully and making adjustments if necessary, the Postilion system automatically generates detailed reconciliation and settlement files.
"The Mosaic software solution met all of our requirements for scalability, flexibility, and durability of performance," said Brady Giddens, director of business development and e-commerce for 7-Eleven stores. "It is important that the transaction software is able to handle enormous volumes of data without comprising quality and speed. We believe that the Postilion solution does just
"We view Mosaicâs contribution to the development of 7- Elevenâs Vcom product as an exciting opportunity to work closely with one of the most progressive retailers in the world," said Johann Dreyer, CEO at Mosaic. "Postilion was
designed as a multi-channel delivery product," Dreyer added. "We have installations that handle transactions from ATM's, EFTPOS devices and the Internet. In this project, all these delivery channels are blended into one by providing functions such as cash withdrawals and the purchasing of goods on web-enabled ATMs. We are proud to be involved in a project which we are confident will redefine the future of customer convenience."