HMAS has also installed Oasis-based switches Oasis-IST in eight banks for enabling them to offer multi-channel delivery of services, using the upgraded Swadhan network.
The company is in the process of installing an ATM switch in Bank of Rajasthan, which is the latest order the company has bagged, HMA Softare CMD, Harish K Murthi told FE, adding: One does not need to depend on a single vendor or service provider when you are operating on an open system. It also enables faster time to market.
The company, which is the implementation partner for the Canada-based Oasis Technologies Ltd for switches, has already installed them in IDBI Bank, Syndicate Bank, Vijaya Bank, Dena Bank, Bank of Punjab, Jammu & Kashmir Bank, Bank of India, and also for the independent ATM installation and maintenance company, India Switch Company.
With this, we have garnered a 33 per cent share in ATM switches in the country, in just 8 months, Mr Murthi said. The switch enables access to the multi-channel delivery system on the Swadhan network, like multiple operating systems, RDBMS, communication protocols and international payment networks.
The switching solution manages internet, real-world payments across the entire spectrum including utility payments.
It enables the customer to integrate all payemnts on a single platform without altering their existing infrastructure, and provides flexible, scalable software solutions and seamlessly bridges real-world, virtual and wireless (mobile-based) payment channels, Mr Murthi said.
As India is fast catching up with technology, it is possible that the system could be used for payment of taxi fares like in Singapore, Mr Murthi added.
He added: We have completed the middleware project of shifting the Swadhan ATM network, consisting of 800 ATMs, from the proprietary architecture BASE-24 system to the open architecture UNIX-based online trasaction processing system for electronic-commerce (e-commerce) solutions.
Besides enabling the Swadhan network to process online transactions, the new solution brings down the cost of upgradation, service and maintenance, and enables offering of various electronic products. Thirty-six banks are participating in the Swadhan network, including all state-run banks.