Postilion, a leading global provider of integrated solutions for payments and self-service banking and a division of S1 Corporation (Nasdaq: SONE), today announced that Banco Occidental de Descuento has selected Postilion to replace its legacy payment platform.
Banco Occidental de Descuento (BOD), one of the largest financial institutions in Venezuela, is implementing a full suite of Postilion products for ATM and POS terminal driving, payment switching, and card management.
"Our vision is to operate a true multichannel platform, managing not only our electronic banking network, ATMs, and POS terminals, but also offering other services in the future, such as Internet, voice, and mobile banking," states Rodolfo Rojas, VP of Technology at Banco Occidental de Descuento. "Key business drivers resulting in the selection of Postilion included reduced total cost of ownership, the built-in scalability and flexibility of the platform, and its high availability, reliability and speed."
"We set out to deliver a true multichannel infrastructure for Banco Occidental de Descuento, providing a long-term platform for future growth and the ability to create new value-added services," said Francois van Schoor, SVP and General Manager, Postilion Payments. "This transformation is truly focused on providing a differentiated experience for BOD's clients across the country. We are seeing increasing adoption of Postilion in Latin America, as banks strive to reduce their costs and provide value-added services to their customers."