Turkish Economy Bank (TEB), a BNP Paribas Bank, chooses Transoft International's OptiSuite Cash Management Solution

London and Istanbul - 22 May 2012

Industry leading next Generation Cash Management Solution OptiCash(TM) chosen to efficiently manage consumer demand versus the cost of cash.

Transoft International, the leading provider of currency supply chain management solutions in cooperation with its global partner NCR, announced today that TEB has chosen Transoft's OptiCash currency management software for its ATM cash optimization.

A comprehensive end-to-end currency management software solution OptiCash will be used to automate cash forecasting, cost balancing, ordering, monitoring, expense tracking and more for TEB. Using historical demand data and statistical algorithms , ATM cash levels are cost optimized to effectively meet demand at the lowest possible cost. In addition, OptiCash takes into account seasonal fluctuations, events and those trends that influence demand for cash to ensure maximum network availability.

"Due to Transoft's extensive experience in the Turkish market, NCR Turkey's local support and after having done a pilot to compare competitive solutions, we have chosen Transoft's OptiCash solution based on its proven foundation of cash optimization techniques, processing speed critical for our size network, wide range of features such as their Simulations Module, and the company's overall concentrated focus on cash management tools," states Murat Tacer, ATM Banking Senior Manager at TEB.

Bo H. Holmgreen, CEO and President of Transoft International adds: "Being selected by TEB further demonstrates the strength of our products and firmly reinforces our position as a leader in the Turkish cash management sector.We are delighted to have TEB join our global customer base."

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