Transaction Switching Product Offerings in the North American market
London â 17th September 2002 - Mosaic Software, the global transaction processing software provider, and, Diebold, Incorporated, a global leader in providing integrated self-service delivery systems and services, announced today they have entered into a reseller agreement in North America for Mosaic's industry leading Postilion software product. The intent is for Postilion to be marketed by Diebold representatives as an advanced transaction processing software solution.
The significance of this agreement is that it enables Diebold to license the Postilion product directly to its North American customer base, providing for a complete advanced architecture ATM hardware and software solution. This total customer solution will handle ATM driving, switching, network management, settlement and reconciliation. In addition, Mosaic's proven Postilion system has a highly reliable, scalable and open architecture that permits easy implementation of new products and services at the customer's automated teller
machines (ATMs), kiosks and other self-service devices.
"We are committed to offering a total retail delivery solution to our customers. Diebold is a pioneer in the transaction processing business, with more than 25 years experience, and this is an important part of our overall
solution capability," said John H. Tyler, vice president, Software and Services at Diebold. "We are pleased to be working with Mosaic Software, a world-class partner, to continue offering transaction processing solutions to our customers. Mosaic's Postilion software solution allows us to provide a true multi-channel design enabling customers to run numerous types of terminals and transactions on the same software platform."
A leading developer in ATM software and transaction processing applications, Diebold will use the relationship with Mosaic Software to provide an enhanced
EFT solution to its current customers. Mosaic's strong market position provides Diebold with the opportunity to offer a comprehensive transaction processing solution along with advanced terminal applications that meet the growing industry demand for advanced function. The combined efforts of Diebold's self-service technology and Mosaic's software applications will better service customers and provide opportunities to pioneer new retail delivery solutions.
"We view this reseller agreement with Diebold as a tremendous business opportunity for both organizations," stated Johann Dreyer, chief executive officer, Mosaic Software. "The combination of Diebold's experienced sales and professional services organization and Mosaic's Postilion software provides a very strong competitive offering and a natural migration path for their existing customers. Furthermore, we feel that this strategic relationship with Diebold, a leading ATM software vendor, is quite a vote of confidence in Mosaic Software."