Mosaic Software, EDS Israel to supply Israel bank with new EFT switch

Mosaic Software, EDS Israel to supply Israel bank with new EFT switch
Tags: Bank / Credit Union, EFT Networks, Postilion
December 9, 2002

LONDON -- Mosaic Software has contracted with EDS Israel to supply First International Bank of Israel (FIBI) with a new EFT switch for its ATM network management.

The new system will help the bank increase security control at its 100 ATMs and enable the bank to support different types of ATMs from different vendors simultaneously, according to a Mosaic news release.

Under the agreement, Mosaic Software will support EDS Israel with advanced technology.

FIBI, a member of the international Safra banking group, is the fourth largest commercial bank in Israel, according to the release. It operates 90 branches throughout Israel.