S2 Systems Selected For ANZ System Replacement
S2 Systems Selected For Major ANZ Bank System Replacement
OpeN/2(TM) Solution Replaces Proprietary Systems in Australia's Financial Sector And Enables Smooth Transition to Microsoft(R) Windows(R)
DALLAS, Texas, Aug. 6 /PRNewswire-AsiaNet/ -- S2 Systems, Inc., a global provider of transaction processing, authorization and integrated solutions for the banking and financial services market, today announced an agreement with Australia and New Zealand Banking Group Limited (ANZ) to revolutionize its ATM and EFTPOS network. The joint initiative to replace ANZ's existing proprietary system and begin large-scale deployment of S2's high-performance OpeN/2 application for Windows(R) 2000 is expected to accelerate broader market transition away from traditional proprietary implementations. ANZ is one of Australia's leading banking and financial services organizations.
System performance, high support and maintenance costs in the existing proprietary system, coupled with a need to enhance development lead times, compelled ANZ to seek a more advanced replacement solution. S2's OpeN/2 transaction switching and payment authorization application enables financial institutions to handle extremely high volumes of transactions with far greater speed, reliability, scalability and economy. The adoption of OpeN/2 for Windows(R) by ANZ will speed the embrace of open platform replacement solutions in the banking and financial services industry.
"Our strategic initiative with ANZ solidifies S2's presence in Australia and signals a dramatic shift in the competitive market landscape," said Stephen Clark, president and CEO of S2 Systems. "This key implementation of OpeN/2 in the Windows(R) environment will ensure its broader adoption as a proven solution within the region, as well as the Americas and Europe, to facilitate expanded service delivery, improved customer service, and significant reduction in the cost and complexity of transaction processing services. Most importantly, S2's track record assures institutions that migration to cost-effective platforms can be enabled by next generation applications from a trusted industry leader."
ANZ's shift from proprietary systems to S2's OpeN/2 marks an evolutionary milestone. The large-scale deployment of OpeN/2 on the enterprise-class Windows(R) 2000 operating system leverages existing IT infrastructure in a mission-critical environment and paves the way for integration with wireless and other evolving technologies. ATMs, Point of Sale and other emerging devices provide expanded customer service flexibility at significantly lower cost, which results in significant competitive advantage for banks.
"We are pleased with the functionality and scalability that S2's solution provides," stated David Boyles, ANZ's CIO. "The performance capabilities of OpeN/2 running in Windows(R) 2000 on SQL represent a new benchmark for the banking and financial services industry. With this open architecture project, expected outcomes include lower costs, improved customer service, quicker time-to-market, and positioning ANZ to integrate with an expanded array of consumer-direct technologies."
S2's OpeN/2 transaction-processing engine is designed to meet the peak performance and scalability demands required in today's banking environment. The company's robust payment switching solution is capable of driving multiple applications for ATM and EFTPOS processing, and check management. Integration modules enable seamless interoperability with disparate systems -- and interfaces provide a customer link via ATMs, EFTPOS terminals, card readers, Web browsers, mobile phones, PDAs, and other devices.
About ANZ Australia and New Zealand Banking Group Limited (ANZ) is one of Australia's leading banking and financial services groups. ANZ offers a full range of financial products and services in Australia and New Zealand and has overseas representation predominantly in greater Asia. With total assets of AUD 180+ billion, ANZ is one of Australia's Top Four banks. Visit their Web site at www.anz.com .
About S2 Systems
S2 Systems, Inc. is a leading global provider of e-business solutions for the banking, financial services, retail and travel & hospitality industries. For more than 18 years, some of the world's largest organizations have relied on S2 products to drive their high-volume e-commerce transactions. Today, our leading-edge technology enables businesses worldwide to implement Web-based initiatives that improve operational efficiency, enhance customer service and generate new revenue streams. S2 Systems is headquartered in Dallas, Texas and 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.