Press Trust of India / Pune Mar 11, 2010, 22:19 IST
The country's largest lender State Bank of India (SBI) today signed a $10-million (around Rs 46 crore) deal with the city-based Opus Software Solutions to upgrade its ATM network.
"Opus Software Solutions has signed a $10-million deal with SBI to replace their existing ATM platform," Opus said in a release today.
The company further said the deal will power 25,000 ATMs, 500,000 PoS devices and kiosks and authorized 80 million debit cards by next year.
"...These numbers are expected to double (including ATMs) by 2014, making this the largest installation in the world," it added.
Migration of ATMs has already commenced and would be complete in the next six-eight months, Opus said.
Opus is implementing this solution through its wholly owned subsidiary ElectraCard Services.
The company is also providing other solutions from its electra suite to enable SBI to implement ‘go-to-market’ strategies quickly and deliver value added services to its customers.
"These include an Internet payment gateway, 3D Secure authentication software, debit card management software and a fraud management solution," it said.
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