Successful replacement project in Latvia

Published: 15 April 2005 y., Friday
In April 2005 JSC “Penkiu kontinentu bankines technologijos” (BS/2) and its subsidiary company “Penki Kontinentai Riga” managed to succeed with Latvian bank “Unibanka” (a member of SEB group) for replacing BULL ATMs with Wincor Nixdorf ATMs that comply with all of the EMV standard requirements. The story of success has started in year 2003. At that time bank had a network of ATMs from three manufacturers: IBM/Diebold, BULL and Wincor Nixdorf. Each year the oldest and the most expensive to upgrade machines were being replaced. BS/2 has presented a scheme of replacement where old equipment was sold out to be replaced by new Wincor Nixdorf ATMs. This has greatly eased the troublesome process of getting rid of obsolete equipment. Smooth execution of replacement process in the past led to further cooperation so that now “Latvijas Unibanka” has become a hundred percent Wincor Nixdorf equipment bank. The decisive reasons to continue the replacement project were the advantages of ProView monitoring system, EMV software compatibility and service provided. ProView software installed in bank systems three years ago was the first of this kind in the whole Baltic region. “Latvijas Unibanka” is one of the oldest banks in Latvia, leading the financial products and services market. Latvijas Krajbanka Following “Unibanka”, replacement of ATMs under the same scheme has started in “Latvijas Krajbanka”. The bank has chosen to replace all of its IBM/Diebold teller machines in need of renovation under EMV standards to Wincor Nixdorf ATMs in 2004. Rietumu banka The fourth biggest bank in Latvia “Rietumu banka” which has 11 branches in Latvia and representatives in 8 countries is yet another BS/2 victory in Latvia In January 2005 “Rietumu banka” demonstrated its intention to be the most forward looking bank in Latvia introducing the market with the possibility to view card account balances at “Rietumu Bank” ATMs for VISA and VISA Electron payment cards issued by any Latvian bank. New ATMs bought by “Rietumu bank” are connected to Monitoring Center located in Latvia. This enables the bank to decrease the costs of transactions and monitoring the systems. There are over 900 ATMs of various manufacturers installed in Latvia overall. “Rietumu bank” trust in Wincor Nixdorf products is obvious, as its network of ATMs consists solely of Wincor Nixdorf equipment. Successes of Penki Kontinentai Group in Hannover >>>
CeBIT 2005 - End of the Show >>>
With Oscars from the golden sand shores of India >>>
Šaltinis: BS/2
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

TransLink.iQ - The Object of a New Study by Takhmasib Dadashev

The software solution for monitoring and managing EFTPOS-terminal networks TransLink.iQ will be the subject of a new study by Takhmasib Dadashev. more »

Discussions on Using Cloud Technologies for Business Development

Representatives of Penkių kontinentų komunikacijų centras, a company offering ProfIT outsourcing IT services to business, took part in the international conference TRANSFORMING BUSINESS - Working in the Clouds. more »

March is the Client's Month!

March 19 is International Client's Day. It was first celebrated in 2010. By the way, its authors were Lithuanian business people. more »

EuroShop-2020: How the World of Retail Equipment is Changing

The world's largest specialized exhibition for retailers and their partners EuroShop 2020 was held in Dusseldorf from February 16 to 20. more »

Latvian microfinance organization LAKS gives fingerprint loans through an ATM

Microfinance organizations have advantages over large banks when ensuring the availability of financial services for retail customers due to their flexible approach to providing credits. more »

Penki Kontinentai Turnover Exceeded 70 Million Euros In 2019

The turnover of the Penki Kontinentai Group has grown by more than 50 percent compared to 2018 and exceeded 70 million euros in 2019. more »

Ingenico PayTech Summit. Payment Services Platform and Device Multifunctionality

Ingenico, the world leader in payment terminal manufacturing, has invited its partners to the PayTech Summit in Barcelona, dedicated to the 40th anniversary of the company more »

FCX.iQ 2.0: new opportunities for currency exchange at ATMs

BS/2 has released updates for the FCX.iQ software solution, which is developed to provide a currency exchange function at ATMs. The new version provides additional options to manage exchange rates, administer terminal networks and identify ATM users. more »

Penki Internet for Vilnius Educational Institutions

Penkių kontinentų komunikacijų centras, which is a provider of Penki Internet and IT outsourcing services ProfIT, has signed contracts to provide Internet to 12 educational institutions in Vilnius more »