News

Mosaic teams with GE Capital company to offer cash at ATMs to department store cardholders

January 3, 2002

DEERFIELD BEACH, Fla. -- Mosaic Software Ltd. and GE Capital Global Consumer Finance plan to provide GE Capital Global Consumer Finance storecard holders in the UK with cash access through ATMs.

Customer cash withdrawals will be routed from the ATM to the LINK switch and from there to GE Capital Global Consumer Finance (UK) where Mosaic's electronic funds transfer (EFT) platform, Postilion, will verify and authorize transactions.

GE Capital Global Consumer Finance is one of the largest private label storecard operators in the UK, with clients such as Debenhams and House of Fraser. It also offers selected personal finance products and credit cards to its customers.

"By offering a cash withdrawal facility through ATMs, we are providing customers with flexible access to an alternative source of cash should they need it," said Stewart MacPhail, GE Capital Global Consumer Finance's marketing director.