S2 Systems, a global provider of integrated e-business solutions for the banking and financial services market, announced that People’s Bank will deploy the company’s leading-edge OpeN/2 solutions for high-volume card activity management and transaction processing. People’s Bank is the largest independent bank in Connecticut and one of the nation’s leading international credit card issuers.
People’s Bank implementation will include OpeN/2:ATM-IN-A-BOX and OpeN/2:CAMS (Card Activity Management). ATM-IN-A-BOX is a flexible and reliable transaction engine capable of handling high volumes and supporting diverse applications; CAMS is a multiple institution, multiple account system that handles all aspects of card activity management. Bundled together, S2’s solution enables People’s Bank to strengthen its competitive advantage by enabling increased customer loyalty, revenue growth and extended service offerings.
“S2’s progressive transaction processing and card activity management solutions are designed to help card-issuers achieve sustainable growth and profit margins in today’s fiercely competitive market,” said Jeff Chick, S2 Systems vice president and general manager, the Americas. “People’s Bank is a long-standing S2 customer, and we look forward to helping this leading institution with its new e-business initiatives.”
“It’s important to have the right technology for our organization,” said Kate Gloss, People’s Bank VP of Corporate Services. “And it is equally important to work with a technology partner who has the domain knowledge and experience to serve our immediate as well as future needs. Our relationship with S2, and its strong heritage in the banking and financial services industries, strongly influenced our decision to deploy the company’s ATM-IN-A-BOX and CAMS product solutions.”
In the financial services industry, ATMs and cards play an increasingly powerful role by enabling banks and other card-issuers to favorably balance fee income against the escalating cost of support services and customer acquisition. ATMs fuel a broad array of value-added services, while an assorted range of debit, credit, customer loyalty, stored-value, and reward cards combine to satisfy customer needs and drive down costs for the financial institution.
About People’s Bank
People’s Bank is a diversified financial services company providing commercial, consumer, insurance and investment services. Founded in 1842, it is the largest independent bank in Connecticut with managed assets of $14 billion, 146 branches and 220 ATMs. People’s is a leader in commercial banking, residential lending, insurance sales and supermarket banking. An international credit card issuer, it ranks 16th nationally as an issuer of MasterCard and Visa cards. People’s subsidiaries offer brokerage services, asset management, equipment financing and leasing, and insurance services.
About S2 Systems
S2 Systems, Inc. is a leading global provider of e-business solutions for the banking, financial services, retail and travel and hospitality industries. For more than 15 years, some of the world’s largest organizations have relied on S2 products to drive their high-volume e-commerce transactions. Today, our leading technology enables business worldwide to implement Web-based initiatives that improve operational efficiency, enhance customer service and generate new revenue streams. S2 Systems has 350 banking customers worldwide including six of the world’s top banks. Headquartered in Plano, Texas, S2 Systems has offices in Atlanta, London, Paris, Maarssen, Stockholm, Dubai, Riyadh, Hong Kong, Beijing, Melbourne and Sydney. For more information about S2 Systems, visit its Web site at [www.s2systems.com].