News

Open Solutions Canada upgrades switching services

October 5, 2005

GLASTONBURY, Conn. - Open Solutions Canada, a business unit of Open Solutions Inc., is upgrading the provision of ATM and other financial transaction switching services for Canadian financial institutions.

According to a news release, Open Solutions is transitioning from its existing legacy switch that provides processing for Western Canadian credit unions to an enhanced version of the Posh switching application. The latest version of the Posh switch will include issuer services, including stand-in processing, full-function ATM support, and increased connections to third-party host systems and nodes.

"We are delighted to introduce a fresh approach to this key element of multichannel integration and to continue providing a full suite of banking services to our Canadian clients," said Blair Goulet, president of Open Solutions Canada.

Transaction switching services will operate on the Posh suite of switching products at the Poshnet operations centre in Oakville, Ontario, which drives more than 19,000 ATM and POS devices.