Banking company alliance

Mosaic Software, a provider of EFT and financial services transaction processing software, and e-ClassicSystems, Inc., the developer of the ATM Manager Pro® ATM channel management system, have formed an alliance. Under the agreement, Mosaic will recommend e-ClassicSystems' ATM Manager Pro software to its current and future customers to complement their Postilion products. The ATM Manager Pro suite of modules offers a back-office solution to manage and report on ATM channel operations and status, including ATM asset compliance, location and transaction reporting and trending, cost and revenue analysis per ATM, cash forecasting and management and project management. According to a news release, ATM Manager Pro currently manages the daily operations of more than 100,000 ATMs worldwide including roughly 20 percent of the U.S. market. "Mosaic's strength lies in switching our ATM transactions and their ability to deploy new transaction types quickly. e-ClassicSystems helps us manage the ATM channel from a business perspective -- calculating site profitability, generating merchant statements, managing cash, analyzing the business -- allowing ATM Solutions to grow smarter, faster and with less overhead," said Steven Kark, president of ATM Solutions, a South African customer of both companies. "The relationship will only strengthen their respective values."