Tuesday, January 5, 2010

Global ATM Association Honors Interswitch





ATM Industry Association (ATMIA), the global non-profit trade association with over 1,300 members in 50 countries, has rewarded Interswitch as one of its loyal members in the African region.

ATMIA promotes ATM convenience, growth and usage worldwide in order to protect the ATM industry’s assets, interests, good name and public trust. It also provides education, best practices, political voice, and networking opportunities for member organizations.



Interswitch, Nigeria’s premier transactions switching and e-payment company, was the only electronic payment company listed in Nigeria and the entire West Africa as “ATMIA Loyal Member”.

“Interswitch has been a loyal member since 2004,” the letter from ATMIA reads.



ATMIA members have free access to the body’s international security best practice manuals for the global ATM business, corporate governance, resources and mobile banking security, policies and procedures.



ATMIA International member database also includes the global centre for ATM security best practices, fraud alerts, fraud reference library and ATM crime information.



In a communiqué from the international organization, ATMIA listed 23 companies as loyal members in seven different categories based on the number of years these companies have been supporting it. Interswitch was listed in the fifth category along with corporate institutions such as Absa Bank, Banking Machine Services (PTY), Bankserv, Barrier Angelucci PTY, Fiserv, TMD Security Gmbh, ATMmarketplace.com, NCR, First National Bank, and Triton Systems of Delaware Inc, amongst others. 



Speaking on the reward, Interswitch’s Managing Director and Chief Executive Officer, Mr. Mitchell Elegbe, stated that the management and staff of Interswitch are very proud to be selected as worthy of such recognition by the global body.



“As the only company listed in Nigeria and the whole of the West African region as an ATMIA Loyal Member, the management of Interswitch is humbled by the global recognition. We hope to continue to support the global body and as ATM services become pervasive in Nigeria and other West African countries. We also believe more Nigerian companies will make the list in the future and benefit from global associations such as this,” he said.



All the installed ATM capacity managed by 24 banks in the country and ATM Consortium (ATMC), the country’s only Independent ATM Deployer, are linked to InterSwitch electronic switching and processing networks.



The company provides switching and account reconciliation services for all the ATM networks, also pioneered the use of the Verve Chip and PIN card.



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