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San Antonio-based bank signs with ACI for ATM system upgrades
November 5, 2007
NEW YORK - ACI Worldwide, international provider of software for electronic-payment systems, announced that San Antonio-based Frost bank is now live on ACI's BASE24-eps version 6.4 and Payments Manager version 6.4 running in an open systems environment.
Frost, the banking, investments and insurance subsidiary of Cullen/Frost Bankers Inc., is one of the largest banking organizations based in Texas, with $13.2 billion in assets.
Frost implemented BASE24-eps in 2005 to replace an outsourced ATM solution. The bank's migration to BASE24-eps version 6.4 will bring more than 300 ATMs in-house from the bank's existing processor, giving the bank more control over ATM operations and the ability to optimize use of new services and features.
"We are very pleased with the way this migration was implemented," said Ray Zapata, senior vice president at Frost. "To have no unplanned or unexpected interruptions is a testament to the effort of the ACI and Frost project teams."
BASE24-eps represents the next generation of ACI's payments platform. The software is an integrated solution to acquire, authenticate, route, switch and authorize financial transactions across multiple channels.
The latest version of Payments Manager will be used by the bank to manage reconciliation with the Pulse network and provide settlement and reporting for the bank's ATM network.
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