25 April 2018

ANZ to replace proprietary ATM and POS networks

06 August 2001  |  3768 views  |  0 ATM user

Australia and New Zealand Banking Group is to replace its proprietary ATM and point-of-sale terminal infrastructure with a Windows-based platform supplied by Dallas-based S2 Systems.

The bank says high support and maintenance costs in the existing proprietary system, coupled with a need to enhance development lead times, compelled it to seek a replacement solution.

David Boyles, ANZ's CIO says the large-scale deployment of S2's SQL server-based OpeN/2 application for Windows 2000 will enable the bank to handle higher volumes of transactions with greater speed and reliability.

"The performance capabilities of OpeN/2 running in Windows 2000 on SQL represent a new benchmark for the banking and financial services industry," he says. "With this open architecture project, expected outcomes include lower costs, improved customer service, quicker time-to-market, and positioning ANZ to integrate with an expanded array of consumer-direct technologies."

The move also paves the way for integration with wireless and other evolving technologies he adds.

S2's payment switching solution offers integration with disparate systems and customer interfaces via ATMs, eftpos terminals, card readers, Web browsers, mobile phones, PDAs, and other devices.

The move is part of a major revamp of ANZ's retail payments operations and comes hard on the heels of the launch of a multi-year programme to convert its credit card processing and merchant terminals to chip-based technology.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Visa and ANZ to introduce chip technology to Australasia

Visa and ANZ to introduce chip technology to Australasia

24 July 2001  |  4526 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukvisit www.ebaday.comVisit http://wup.digital

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
14885 views comments | 21 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11466 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
9810 views comments | 26 tweets | 36 linkedin
Irish central bank tunes in to fintechIrish central bank tunes in to fintech
8902 views comments | 20 tweets | 21 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8833 views comments | 20 tweets | 36 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job