News

Mosaic adds 42 payment-processing customers in '`03

February 16, 2004

DEERFIELD BEACH, Fla. -- Mosaic Software, a global transaction-processing solutions provider, announced the addition of 42 new customers at a recent meeting of the Postilion User Group Americas.

New clients include several major retailers who use Postilion software for POS transaction processing, gift and loyalty-card applications, and as a corporate gateway for centralized transaction switching and management reporting. Postilion was also chosen for a next-generation insurance benefits disbursement system, displacing millions of paper checks with pre-paid debit cards, according to a news release.

Of the 42 new customers, 26 are located in North America, with the balance spread throughout the world. There were 30 new customers for ATM driving, indicating the strong demand for in-house processing by financial institutions, ISOs and processors.

The increase in new clients is attributed to the success of the company's partner and re-seller initiatives, as well as Mosaic Software's proven ability to efficiently address the worldwide market's requirements for product functionality, installation and support, the release said.