SHAZAM and ASI Offer Real-Time ATM Interface Solutions For Community Financial Institutions

Overview

Automated Systems, Inc. (ASI) has partnered with SHAZAM to provide an affordable real-time EFT solution for community financial institutions. SHAZAM and ASI have worked together to minimize the hardware and software interface requirements for financial institutions to process in a real-time environment. This unique configuration of hardware and telecommunications developed by SHAZAM and ASI make it more cost-effective for community based financial institutions to get into real-time EFT processing.

Challenges

Key Business Challenge

In the past, some community financial institutions were not able to offer real-time transaction processing due to the high cost of purchasing and maintaining the hardware and software necessary to support these functions.

Solution

SHAZAM and ASI have developed a cost-effective solution for financial institutions wanting to move from batch EFT processing to a real-time processing environment. “Real-time transaction processing offers financial institutions an opportunity to gain cost efficiencies, maximize savings and improve processes, ultimately resulting in better service to their customer,” says Mike Hollinger, CEO, The SHAZAM Network.

Benefits to Client

By eliminating the need for financial institutions to purchase expensive in-house servers, switching from batch EFT processing to real-time processing is now an affordable reality for community financial institutions. Housing the ASI transaction servers on the SHAZAM network has significantly reduced the initial setup costs and certification fees normally associated with switching to a real-time environment.

Contacts

Kris Skov

kskov@asiweb.com