LONDON - Mosaic Software, an S1 company and global provider of payment processing software, and Level Four Software, a provider of ATM and POS test and development software, have entered into a co-marketing agreement.
According to a news release, both companies will work together to deliver and test best-of-breed applications at the ATM, enabling banks to bring new services and functionality to market more quickly and cost-effectively.
"We are witnessing a burgeoning customer demand for enhanced transaction services at the ATM," said Andrew Marshman, a strategic alliance manager at Mosaic Software. "With Internet and mobile technologies making multichannel banking a readily available option today, consumers expect more from the ATM channel. Basic services such as cash withdrawal and balance enquiry are no longer enough - wire transfers, check cashing and bill payment are what consumers are demanding at the ATM today."
Mosaic Software's electronic payments management product, S1 Postilion, is used in more than 50 countries by leading banks and ATM network providers to drive estates of up to 38,000 ATMs, fulfill and leverage EMV compliance commitments and roll out advanced ATM services. In the United States, S1 Postilion is used to drive one in seven ATMs.
Level Four's ATM Channel Development Suite is a comprehensive suite of integrated modules that enable rapid development of new ATM applications and full end-to-end testing of ATM networks. The automated testing and development tools can simulate complex ATM environments. Level Four's software is based on open standards and is technology-agnostic.
"Our customers speak the same language and face the same issues - EMV migration and the introduction of open standards, for example - so it made sense for Level Four and Mosaic Software to join forces, bringing the benefit of our combined expertise to our customers," said Martin Macmillan, Level Four Software's chief executive. "Building on the success of recent deployments with our mutual customers, we look forward to extending our partnership with this agreement and together supporting improved ATM services."
