News

Mosaic to install Postilion software in Bank Leumi ATMs

June 17, 2002

LONDON -- Mosaic Software and Bank Leumi will partner to replace the bank's ATM driving and switching software with Mosaic's Postilion product.

The announcement was made at the Retail Finance 2002 expo in London.

The changes, which will affect 250 ATMs, are expected to be completed by year's end.

Later phases of the agreement are expected to include the roll-out of Web-enabled ATMs.

"Our relationship with Bank Leumi represents a significant entry into the Israeli EFT marketplace and has opened exciting opportunities for us in the region," said Charles Denwood, Mosaic's senior vice president for sales in Europe and the Middle East.

Bank Leumi is Israel's second-largest bank.