STRATEGIC PARTNERS
January 3, 2002
DUBLIN, Ireland and TROY, N.J. - Irish Life and Permanent Group plc (IL&P) has selected IFS International Inc.'s TPII software to manage the entire network of ATMs for TSB Bank Ireland and Irish Permanent ATMs. IL&P acquired TSB Bank Ireland in April and will create a new banking entity branded as Permanent TSB.
TPII was originally installed at TSB Ireland in 1994 and will continue to run and manage the network of ATMs for the Permanent TSB network. The existing Irish Permanent ATMs are now being migrated from the current outsourced processing center solution to TPII.
IFS International (Nasdaq: IFSH - news; BSE: EFT - news), a subsidiary of IFS International Holdings Inc. with headquarters in the U.S. and subsidiary offices in the U.S., UK and Australia, develops, markets and supports software products for the electronic financial market. IFS International's TPII and TP-CMS products support ATMs, point of sale devices, network switches, smart cards and card management.
Irish Life & Permanent, headquartered in Dublin, Ireland, specializes in insurance, investment management, mortgage loans and other financial services. It also offers annuities, investment products and pension plans.
