Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>