Postilion, a leading global provider of payments software solutions and a division of S1 Corporation (NASDAQ: SONE), today announced that Kiwibank, the largest domestically owned bank in New Zealand, has successfully migrated from an in-house transaction processing system to the open systems based Postilion platform.
This seven year-old bank, owned by New Zealand Post Ltd., known for its innovative approach to banking services, is using a range of Postilion solutions for all of its EFT needs, including the Postilion solution for ATM owners and the Postilion solution for merchant acquirers. The Postilion payments platform is now driving Kiwibank's deployment of approximately 300 ATMs and processing transactions from both its cardholders and those from other banks' customers.
"We had tight project timelines and were extremely impressed with the support the Postilion team gave us to ensure this significant project was delivered on schedule." said Murray Soon, ATM Channel Manager - Kiwibank.
"We believe that Kiwibank's choice of Postilion confirms their maturity within the Australasian payments industry," commented Francois van Schoor, President of Postilion Payments. "They join a growing number of businesses located across Asia who are using our solutions and benefiting from improved service for their customers and offering the opportunity for competitive differentiation."