Export Import Bank of Bangladesh, one of the progressive banks of the country, has contracted TPS to rollout its ATM and debit card program. The contract has been signed by International Acumen, TPS local reseller in Bangladesh. To power the complete financial delivery architecture, EXIM Bank has opted for TPS’ transaction processing switch and middleware, Phoenix.
Phoenix will act as EXIM Bank’s financial transaction switch and ATM controller. It will interface with the bank’s core banking application as well as the shared ATM switch of the country. With these interfaces in place, cardholders of EXIM Bank will be able to access most of the previously inaccessible ATMs in the country; thus providing EXIM Bank’s customers convenient access to their bank accounts 24×7.
In addition, Phoenix preserves a bank’s investment for future growth. It builds a strong framework for banks on which they can gradually or immediately deploy support for various delivery channels like ATM, IVR, Call Center, Point of Sale Network (at branches/merchants), Internet Banking, Cellular Banking and Bill Payments.
