According to Fujitsu, both the companies aim to create a new industry standard, which helps rolling-out of the ATM application software at low cost compared to the conventional system in which each financial institution develops application software separately.
The new ATM software is expected to charge on per transaction basis, which reduces financial institutions’ initial software development costs as well as streamlining costs of asset management. The new software will be managed on a central server helping financial institutions to change and add software as well as manage security and transactional data centrally, Fujitsu claimed.
Yoichi Kawashima, president of systems hardware at Oki Electric said: This collaboration is part of Oki’s business strategy to further enhance its ATM business based on our mid-term business plan.
Both Oki and Fujitsu have begun testing the prototype by installing the software on their latest ATM terminals, BankIT and FACT-V, respectively. Furthermore, the companies plan to establish the new software as an industry standard, beginning with the release of a shared application interface free of charge.
According to Fujitsu, the new software will be released in Japan during fiscal year 2008. Both the companies expect to sign 200 customers over the initial three-year period.
In May 2006, security systems and services company Diebold introduced Office Suite, a collection of server-based software modules to simplify ATM channel management.
Source: ComputerWire daily updates
