News

Mosaic Software adds 42 new customers in '03

February 16, 2004

DEERFIELD BEACH, Fla. - Mosaic Software, a provider of transaction processing software, provider, says it added 42 new customers during 2003.

According to a news release, 26 of the new customers are located in North America, with the
balance spread throughout the world. There were 30 new customers for ATM driving, indicating strong demand for in-house processing by financial institutions, ISOs and processors.

Other new clients included several major retailers, who use Postilion for point-of-sale transaction processing, gift and loyalty card applications, and as a corporate gateway for centralized transaction switching and management reporting.

Postilion was also chosen for a next-generation insurance benefits disbursement system, displacing millions of paper checks with pre-paid debit cards.

"The continued shift within the transaction processing industry -- away from legacy systems toward more efficient and cost-effective open systems -- will continue to position Mosaic Software as a leader in the industry," said Johann Dreyer, Mosaic's chief executive, in the release.