Home News & events Press Releases 2009 Union Bank of Nigeria Plc begins TranzWare Online pilot run to drive ATM network


test.h1One of the largest and most capitalised banks in Nigeria - Union Bank of Nigeria Plc, together with Compass Plus has successfully commenced a pilot run of TranzWare Online to drive the extensive ATM network of the bank. TranzWare Online is a high-performance, scalable, multi-card processing solution providing efficient and secure switching, authorisation, driving and monitoring of an unlimited number of terminal devices and the handling of multiple delivery channels all on a single platform. This is the first stage in the implementation of comprehensive suite of TranzWare products for the consolidation of the in-house processing platforms that exist at the moment. Further stages will include implementation of TranzWare Card Management System and TranzWare Card Factory for the card management, issuance and personalisation along with other modules of TranzWare Online for POS-acquiring and connectivity with other networks within and outside of Nigeria.

Union Bank of Nigeria was established in 1917 as a Colonial Bank with its first branch in Lagos. In 1925, Barclays Bank acquired the Colonial Bank, which resulted in the change of the bank's name to Barclays Bank (Dominion, Colonial and Overseas). By the enactment of the 1972 and 1977 Nigeria Enterprises Promotion Acts, Barclays Bank International disposed its shareholding to Nigerians in 1979. To reflect the new ownership structure and in compliance with the Companies and Allied Matters Act of 1990, it assumed the name Union Bank of Nigeria Plc. Union Bank of Nigeria is one of the largest and most capitalized banks in Nigeria. It has big and diversified customer base which is served across its network of 405 branches spread out across the country.

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