Banesco Selects S2 Systems' OpeN/2 Platform to Manage High-Volume ATM and POS Network.Business Editors & High Tech Writers DALLAS--(BUSINESS WIRE)--June 17, 2002 Leading Venezuelan Bank Sets Industry Standard in the Americas with S2's Open Platform Transaction Management Solution S2 Systems, Inc., a global provider of transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , authorization and integrated solutions for the banking, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and retail market, announced Banesco has selected S2's OpeN/2(TM) platform to consolidate and manage the bank's high-volume ATM and POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale network. Banesco's decision to deploy S2's OpeN/2(TM) solution for Windows(R) 2000 on Stratus Technologies' ftServer(TM) sets an important precedent in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. by enabling the bank to manage higher transaction volumes and introduce value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services with reduced operational costs. Banesco is part of Grupo Financiero Banesco-Unibanca, the second largest financial group in Venezuela, with over 700 ATMs and more than 18,000 POS devices. One of Banesco's financial institution -- Caja Familia This article is about the Polish political party. For other uses, see Familia (disambiguation). Familia ("The Family," from the Romain familia -- recent merger with Banco Union and the planned Banesco-Unibanca merger created a compelling business case for a single, scalable transaction processing and management solution in an open systems environment. The bank's major challenge was to consolidate multiple proprietary systems to handle higher transaction volumes, a scenario increasingly applicable to the industry at large. S2 Systems helped meet this challenge by enabling the bank to leverage its infrastructure, integrate dissimilar systems, shorten development time, and deploy user-friendly monitoring tools. "S2's joint initiative with Banesco marks a key industry milestone in Venezuela and throughout Latin America, as institutions move to open architecture transaction management solutions," said Stephen Clark, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of S2 Systems. "The OpeN/2 platform continues to provide banks and financial services organizations with the best payback and highest performance ratios, driving multiple applications with reduced administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . S2 also offers trusted industry expertise that assists institutions in meeting their business objectives and to reliably extend services to a broader range of customers. We are delighted to have one of Venezuela's largest banks as a longtime satisfied S2 customer and look forward to working with Banesco as the institution continues to grow." Premier banks such as Banesco are changing the competitive landscape in their respective markets by transitioning to open platform solutions. S2's OpeN/2(TM) allows disparate platforms to be consolidated at a fraction of the cost of a proprietary upgrade, while enabling organizations to manage higher volumes of transactions with far greater speed and reliability. Banesco's high-speed network capabilities will facilitate multiple payment options at the point of service, including credit and debit, as well as new value added services. Currently Banesco utilizes an S2 solution for processing debit and credit transactions for its nationwide ATM/POS network, with international transactions routed to Visa and MasterCard. "Banesco's strategic initiative underscores our bank's commitment to excellence in technology, innovation, and quality of services," said Mayerlin Flores Flores, town, Guatemala Flores (flōrəs), town (1990 est. pop. 2,200), capital of Petén department, N Guatemala. Flores was built on an island in the southern part of Lake Petén Itzá and on the site of the , Vice President Electronic Banking for Banesco. "Our customers require continuous online availability and greater access to an expanded range of services. We are pleased with S2's domain knowledge and expertise, as well as the enhanced transaction processing capabilities that OpeN/2(TM) provides. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , deployment of this combined solution improves systems performance with lowered cost of ownership. As we move forward, Banesco will not only maintain the same excellent level of service, but improve time-to-market for value added services." S2's OpeN/2 transaction processing platform is designed to meet the peak performance and scalability demands required in today's competitive banking environment. Integration modules enable seamless interoperability with disparate systems -- and interfaces provide a customer link via ATMs, EFTPOS EFTPOS - Electronic Funds Transfer Point of Sale terminals, card readers, Web browsers The following is a list of web browsers. Historical Historically important browsers In order of release:
About Banesco As a result of Banesco-Unibanca's merge, Banesco becomes the second largest bank in Venezuela, supporting a network of over 700 ATMs and more than 18,000 POS devices. The mission of Banesco is to be an integral financial organization, recognized by its ethics and product yield and dedicated to customer satisfaction, through the quality of excellence in innovation, technology, providing service to community, family, and business. Visit their web site at www.banesco.com About S2 Systems S2 Systems, Inc. is a leading global provider of mission-critical enterprise payment and transaction management 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 “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. and has offices in Atlanta, London, Paris, Maarssen, Stockholm, Dubai, Riyadh, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Beijing, Melbourne, and Sydney. For more information about S2 Systems, visit its web site at www.s2systems.com |
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