NATIONAL BANK OF MALAWI CHOOSES NOMAD’S CORTEX PLATFORM TO FACILITATE MIGRATION TO VISA

September 2007

Following its recent appointment as the principal VISA member for Malawi, the National Bank of Malawi has chosen Nomad’s CORTEX software platform to support its migration to VISA EMV debit card issuing and ATM/POS acquiring. CORTEX, the fully EMV enabled, highly-scalable card processing solution, will provide the technology the bank needs to offer full VISA compliance and therefore enable it to issue VISA branded cards, in addition to proprietary cards.

“We were looking for a product that would enable us to take full advantage of our new status of principal VISA member without compromising our existing range of services,” commented Austin Musyani, Head, Retail Banking, National Bank of Malawi. “It quickly became clear that CORTEX’s comprehensive functionality would not only help us swiftly and efficiently achieve our immediate goals, but would also enhance future initiatives and enable us to maintain our position as the leading bank in the country.”

One of the major factors in the National Bank of Malawi’s decision to work with Nomad on the project was the ability of the CORTEX platform to easily interface with the bank’s highly-sophisticated back-office system, based on the established retail banking system, Bankmaster. It is CORTEX’s open systems architecture and modular structure which provides the flexibility to achieve this level of compatibility and makes it the ideal solution for successful implementation in a broad range of demanding environments.

Martin Golding, Chief Operating Officer for Nomad CORTEX said, “The National Bank of Malawi has an exceptional reputation of providing new services to service customers and stimulate business growth in Malawi. The proven processing capability of CORTEX will ensure a smooth migration to VISA compliant products within a tight deadline.”

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