Sri Lanka's National Savings Bank signs for FSSTech online ATM service

Source: Financial Software and Systems (FSS)

National Savings Bank, headquartered in Colombo, Sri Lanka, has recently enabled its customers with online ATM services.

FSSTech, the worldwide services wing of Chennai based Financial Software and Systems (FSS), has implemented the state-of-the-art BASE24-es Electronic Financial Transaction Switch for ATM driving and online transaction authorization.

For the bank's card issuance and management functions, FSS has implemented DCMS, debit card management application suite.

BASE24-es is a new generation integrated payment engine from ACI Worldwide, the global leader in electronic payment systems. Being the first of its kind in the island, the advanced authorization, sophisticated routing and international payment system support would ensure a key technological leadership position to the bank. With the implementation of online ATM network, over 14 million customers of NSB stand to benefit across the island through world-class switch services, with anywhere, anytime banking. As a contingency measure, an online DR Switch has also been implemented, resulting in unparalleled availability of services to customers

DCMS, an end to end ATM/ Debit Card Management solution from FSS, will enable NSB to roll out different type of debit card products for their 14 million customers. FSS has implemented DCMS for many premium banks in India to issue debit and ATM cards.

Mr. Nagaraj Mylandla, Managing Director, FSS says: "FSS congratulates National Savings Bank in rolling out their online ATM services. We are glad to have partnered with the bank in implementing the BASE24-es solution, along with our DCMS suite. We are happy that our expertise and domain knowledge we have gained in implementing over 22 switch solutions in India and this region has been of great help in timely roll out of the project. National Savings Bank is a premium bank in Sri Lanka; we look forward to being of service in their techno-banking endeavors in the years to come along with our Sri Lankan partner M/s BC Computers Ltd."

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