" ITREALMS: Interswitch with Loyal membership

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Wednesday, January 06, 2010

Interswitch with Loyal membership

The global non-profit trade association with over 1,300 members in 50 countries, the Automated Teller Machines (ATM) Industry Association (ATMIA), has honoured 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 as well as provides education, best practices, political voice, and networking opportunities for member organizations.

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

Interswitch has been a member since 2004.

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, ATMIA listed 23 companies as Loyal Members in seven different categories based on the number of years these companies have been supporting it. Whereas 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, Triton Systems of Delaware, Inc to name a few.

Reacting to this development, the chief executive officer Interswitch Nigeria, Mr. Mitchell Elegbe, said that the management and staff of Interswitch were 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” Elegbe enthused.

He recalled that all the installed ATM capacity managed by 24 Nigerian banks and ATM Consortium (ATMC), the country’s only Independent ATM Deployer are linked to InterSwitch secure, electronic switching and processing networks.

The company provides switching and account reconciliation services for all the ATM networks.

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