Bank Leumi selects Mosaic Software for ATM driving in Israel

Retail Finance 2002 London, 17 June - Mosaic Software,the global transaction processing solutions provider today announced from the Retail Finance 2002 conference, that Bank Leumi, the second largest bank in Israel and Mosaic Software have entered into contract. Mosaic Software will be providing Bank Leumi with Postilion, Mosaic’s leading edge EFT solution.

Postilion will be replacing the bank’s home grown ATM driving, switching and authorisations solution within the year. All of the existing processing will be migrated to Postilion, which includes the driving of over 250 ATM’s.
Further phases of the project will deliver ground breaking customer services using Web-enabled ATMs – the first in the country. Bank Leumi’s ATMs offer services to a wide range of cardholders, not just to Bank Leumi customers. To support this, Postilion will be switching transactions to SHVA, the central Israeli switch;

LeumiCard, the largest Visa card issuer in the Middle East and Africa; and to CA-AL. Postilion will manage the reconciliation and settlement with each of these institutions and provide authorisation services for Bank Leumi cards.

"The decision to select Mosaic Software was made on the grounds that Postilion offers an off the shelf solution with a proven and innovative approach to supporting new technologies like Web-enabled ATMs. Furthermore, the
speed with which Postilion may be deployed supports the bank’s aggressive timescales," says Meir Shor, Head of Technology at Bank Leumi.

"Our relationship with Bank Leumi represents a significant entry into the Israeli EFT marketplace and has opened exciting opportunities for us in the region," comments Charles Denwood, Mosaic Software’s Senior Vice President for Sales in Europe and the Middle East.

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