News

RAKBANK chooses Postilion for payments channel innovation

May 10, 2009

LONDON — Postilion, a division of S1 Corp., announced that RAKBANK, the National Bank of Ras Al-Khaimah in the United Arab Emirates, has selected its solutions to drive the bank's ATM network.

According to a news release, for RAKBANK, the implementation of Postilion for ATM owners and deployers will bring operational improvements and help the bank deploy new ATMs more efficiently.

RAKBANK chose Postilion to improve its competitive differentiation in the UAE. The Postilion solution will replace the bank's existing ATM solution, providing real-time monitoring and a holistic view of all payment transactions on the ATM channel.

Postilion's PA-DSS validated payments platform is regularly updated to address the latest data-security standards. By choosing Postilion to be at the center of its ATM network, RAKBANK will be able to more easily maintain compliance with payment card industry security regulations.

Postilion's back-office application will provide automated reconciliation with the UAE's national EFT switch and provide consolidated reports on payments processing activity and performance to support RAKBANK's IT management decision-making.

"More and more banks and processors in the Middle East are relying on Postilion as we provide regional specialization and support coupled with international expertise and world-class payments software," said Francois van Schoor, president of Postilion Payments. "We look forward to supporting RAKBANK in their drive for exceptional customer service and operational excellence."