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Manama
, Bahrain - February 8, 2010:
Bahrain-based Futurebank has signed an agreement with ElectraCard Services (ECS), a wholly owned subsidiary of Opus Software Solutions to upgrade the bank’s ATM software with the latest EFT solution, electraSWITCH. This advanced payment platform addresses some of the most complex business and technical challenges faced by the banking industry today.
Dr. Valiollah Seif, Chief Executive Officer and Managing Director, Futurebank, commenting on this technological enhancement said, “At Futurebank, we are continually exploring ways to improve our services. Our ‘still personal’ philosophy in combination with our technology driven solutions is sure to enhance our customers’ experience.”
“This is our first foray into the Bahrain’s burgeoning marketplace,” said Ramesh Mengawade, Chief Executive Officer, ElectraCard Services. “Having tested and perfected our product in over 20 countries, we are confident that Futurebank’s customers and Bahrain will benefit from our innovative solutions.”
“electra SWITCH is capable of handling utility bills payment, manage airline booking, make credit card payments, insurance payment and much more through their ATM using customers debit card,” said Hossein Rezaee, Head of IT and System, Futurebank. “With an interface and customizable multi-user utility, electra SWITCH is sure to give Futurebank a significant competitive advantage in an ever growing retail marketplace.”
“With Futurebank vision and ECS’s technological expertise, this partnership is set to evolve the payments landscape in Bahrain,” concluded Dr. Seif.
Pune-headquartered ECS, with deep domain knowledge, extensive global experience and core competence in designing, building and maintaining software for the payments industry, is the leading payment systems from India.
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