24 August 2017
visit www.avoka.com

Getronics Hungary implements S1's Postilion for ATM and PoS processing

10 May 2007  |  1362 views  |  0 Source: S1

Postilion, a leading provider of open payment applications systems for financial and retail organizations and a division of S1 Corporation, today announced that Getronics Hungary, a provider of Information and Communications Technology (ICT) services and solutions to the Hungarian market, is offering an outsourced ATM and POS processing solution based on the Postilion payments processing engine.

Using Postilion, Getronics Hungary will be able to offer its customers an end-to-end service, covering transaction processing, card issuing, authorization, and switching of payments to Visa and MasterCard. Getronics has already signed its first outsourcing agreement with a Hungarian bank and is looking to grow this customer base significantly.

"We saw a great opportunity in Hungary to bring to market an end-to-end outsourced payments processing solution. To deliver this service, we had to find an application which was as open as possible and able to integrate with a wide range of systems," said Attila Papp, Sales Manager for Financial Business Solutions at Getronics Hungary. "Postilion enables us to offer a comprehensive and secure payments processing service that will have great appeal to banks, and potentially retailers, that want to outsource this part of their business. Postilion's open-systems approach means that we have been able to build a wide range of services into our offering and will have the flexibility to add new functionality as demand and opportunity arises."

Andrew Marshman, EVP for Business Development in Central and Eastern Europe for Postilion, added: "Postilion's customers choose our technology because of its flexibility and the opportunity it provides for innovation, which results in significantly lower costs over traditional systems. With a first Postilion customer already on board to prove the business case, Getronics is now able to offer replacement solutions of other in-house systems and a unique low-cost outsourcing service for banks and retailers in Hungary."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.abe-eba.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21040 views comments | 43 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12046 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11396 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11197 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10877 views 0 | 7 tweets | 1 linkedin

Featured job

Find your next job