Oyak Bank of Istanbul, Turkey has licensed ARKSYS software to drive its ATMs as well as issue debit and credit cards, marking its entry into the retail banking market.
Oyak Bank selected ARKSYS on the basis of its proven solution on the IBM AS/400 platform and its relationship with their core accounting system provider, Midas Kapiti International. Primarily a commercial accounts bank with 8 branches and 25 ATMs, Oyak will widen its client base with its retail banking offerings of ATM and credit and debit card issuance. Oyak Bank will utilize ARKSYS Integrated Transaction Management (ITM) product, along with its ATM Management software to drive the bank’s ATMs and provide an online Electronic Funds Transfer (EFT) connection to BKM, a Turkish switching center for debit and credit cards. ATM Management will also allow Oyak Bank to extend its retail services to Oyak Group Company members and Oyak members, bringing 160,000 new customers to its client base.
Cayman Bank Also Licenses ARKSYS’ Suite of Products;
ARKSYS announced an agreement to provide Cayman National Bank of Grand Cayman, Cayman Islands, with an integrated software solution to drive the bank’s growing credit card operations. The core solution, ARKSYS’ Integrated Transaction Management (ITM) along with International Credit Card System (ICCS), will centralize the bank’s credit card, ATM, Electronic Funds Transfer (EFT), and Point-of-Sale (POS) merchant management activities.
Thomas Khal, Sr. Vice President of Cayman National said, “We wanted a single platform, multi-functional and user-friendly platform to progress our business needs and allow us to maximize our business opportunities. We selected ARKSYS on the basis of their commitment to install the system in record time, as well as the reputation of their ITM and ICCS products.” ARKSYS’ ITM software, operating on the IBM AS/400 platform, will provide the bank substantial benefits and improvements in the areas of system functionality, daily processing, system security and control.
With assets of $500 million and 10 ATMs, Cayman National Bank will utilize ARKSYS’ credit card offering, International Credit Card System (ICCS), to manage and grow its ATM, credit and debit card bases, and provide them with an online EFT connection to the Visa and Mastercard networks. ICCS will integrate with other ARKSYS products of Point-of-Sale (POS) and Merchant management to authorize and process POS transactions from merchants.
ARKSYS offers Integrated Transaction Management, a suite of payment and transaction processing systems that allow financial institutions to provide customers online, real time transactions twenty-four hours a day, seven days a week from a variety of delivery channels. ARKSYS’ ITM solution provides financial institutions with the ability to integrate and manage retail delivery operations including ATMs, POS terminals, credit cards/debit cards, merchant management, electronic funds networks, interactive voice response, Internet/Intranet personal banking, bill payment and commercial PC banking. The company’s solutions are established in more than 60 countries. ARKSYS is a wholly owned subsidiary of Euronet Services Inc. (Nasdaq: EEFT).
For more information, contact Tom Kleinsorge, Manager of Marketing, voice, 501-218-7188 (USA) /E-mail email@example.com. Visit ARKSYS’ home page at .Details