PRISM – Internet Banking GOES LIVE!!! at Allied Bank Limited

January 19, 2006: Karachi, Pakistan – TPS Pakistan (Pvt.) Ltd. today announced that its PRISM, TPS’ Internet Banking Solution implementation went live at Allied Bank Limited (ABL) on January 19, 2006.

TPS has a long-term working relationship with ABL as the bank’s technology partner for meeting the bank’s self-service and retail banking initiatives. TPS delivered the solution to ABL and soft-launched the ABL Direct website (http://allied.direct.abl.com.pk) in December that went live within a month.

Prism, the Internet Banking product from TPS, is designed for institutions that wish to rapidly deploy Internet Banking services. Prism is a complete solution that provides all essential online banking services. With Prism, banks’ customers can conveniently and securely transact with the bank staying within the comfort of their homes or office. Prism is designed for 24×7 services offering with speed and reliability. With virtual e-banking accessible through net, banks can concentrate more on cross selling and other revenue generating activities in the traditional branch.

Azfar Azhar Karimuddin, Regional Manager Business Development of TPS, commented on the event. “I believe with ABL continuing and ongoing support we have always delivered solution meeting international standards, flexible, scalable to meet the banking customer demands. The launch of ABL Direct is an important milestone for us in a relationship with one of our most valued customers. ABL has always been on the forefront of technology and has always initiated with innovation products and solutions.”

Established in Lahore in 1942 before independence, Allied Bank Limited is one of the largest banks in Pakistan with more than 700 Branches connected to an online network. In August 2004 the Bank was restructured and the ownership was transferred to Ibrahim Group.

TPS is a software, systems, and consulting firm specializing in e-banking and e-payment products, solutions, and services. Our solutions offer true cost advantages and scalable functionality to deliver a competitive edge for our customers.

We deliver powerful and innovative e-banking and e-payment management products and solutions that meet the ever-increasing demands of the banking, financial services, retail banking, and mobile telecommunications industries.