News

Synovus licenses ATM Manager Pro software

January 28, 2004

NORWOOD, Mass. - Synovus (NYSE: SNV - News), a financial services holding company with 40 affiliate banks throughout the Southeast, has licensed ATM Manager Pro from software developer e-ClassicSystems to consolidate and centralize its ATM information and to more efficiently manage the ATM distribution channel.

Using ATM Manager Pro, Synovus will consolidate and maintain detailed ATM asset configuration and location information, including all transaction activity and vendor and merchant contract terms. The ATM Manager Pro software utilizes the information to automatically calculate the revenue and costs for each terminal for every month.

According to a news release, ATM Manager Pro will also identify trends, forecast cash requirements, streamline the ATM balancing and reconciliation functions, and centralize the ATM project history including Triple DES upgrades and future installations.

"As new technologies and new regulations arise, the ATM channel becomes increasingly important to our customers," said Judith Tucker, vice president of ATM Product Development at Synovus. "It was imperative for us to implement a centralized system to manage the channel. ATM Manager Pro will allow us to be more efficient in managing our ATM network so we are better positioned to maximize the new technologies for our customers."

Implementation of ATM Manager Pro at Synovus will begin immediately with the first phase to be completed in 2004's first quarter, according to the release.