25 February 2018
Visit www.capgemini.com/worldreports

Capitec Bank selects Mosaic for ATM management

01 May 2002  |  3456 views  |  0 Capitec Bank selects Mosaic for ATM management

South Africa's Capitec Bank has chosen Mosaic Software's Postilion product to drive its ATM terminals and bank branch tellers across the country.

Additionally, Mosaic's administration product Postilion Office will be used for reconciliation with MasterCard and the bank's back-end system.

Capitec Bank recently a acquired a banking license and obtained both membership of the payments Association of South Africa and MasterCard certification. Its new 'paperless' banking model ensures that throughout the banking process, paper is only involved in the initial application. After the applicant's details have been captured on the bank's administration network, there is no further need for paper control systems. New account holders are issued with a bank card and PIN number instantly at a Capitec branch, giving them immediate access to their new bank account via the ATM.

Michiel Le Roux, chief executive of Capitec Bank says: "This is a wonderful combination of modern technology and the key elements of client convenience which provide a banking service with a real difference."

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

Brief: State Bank of Mauritius chooses Gasper for ATM management

Brief: State Bank of Mauritius chooses Gasper for ATM management

13 March 2002  |  2136 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsvisit www.ebaday.comVisit http://info.nice.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12160 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10494 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8884 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8330 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7947 views comments | 10 tweets | 14 linkedin

Featured job

Find your next job