INETCO Systems Limited

INETCO Systems Limited

September 16, 2008 09:01 ET

Open Solutions Canada Expands Service Reliability with INETCO

INETCO Insight software helps guarantee 24-hour network reliability and an undisrupted end-user experience for banking systems customer base

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2008) - INETCO Systems Limited, a leading provider of real-time transaction intelligence software for retailers and financial service providers, today announced that Open Solutions Canada, the Canadian subsidiary of Open Solutions Inc.®, has chosen to deploy the INETCO Insight software solution. INETCO Insight was selected as a tool to help Open Solutions further insure the ongoing availability and performance of critical Electronic Funds Transfer (EFT) interfaces for their banking systems operations' clients. Open Solutions is a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and internationally.

INETCO Insight's transaction monitoring capabilities enable Open Solutions Canada to gain a real-time view into what each end-user is experiencing as they interact with various EFT direct channels. The software's modular transaction decode tables will allow Open Solutions Canada to expand past the monitoring of Automated Teller Machine (ATM) and retail point-of-sale payment transactions, and start extracting real-time intelligence on multiple transaction types and other business-critical application protocols such as telephone banking.

"INETCO Insight has enabled Open Solutions Canada to implement a proactive, reliable transaction intelligence solution without incurring the traditional customization and enterprise systems integration costs," says Pat Cridge, Senior Manager of Operations for Open Solutions Canada. "INETCO Insight's real-time alerting capabilities and ease of integration will allow Open Solutions to expand products and services with minimal effort, thereby reducing the risk of service disruption."

INETCO Insight is an out-of-the-box transaction monitoring solution that offers real-time visibility into how application performance issues impact the completion of business transactions. The software is unique in its ability to capture every transaction flow from end-to-end and forward detected transaction anomalies, such as slowdowns or failures, to Open Solutions Canada's centralized network management platform. This information will be shared by a number of groups within Open Solutions Canada, most importantly all Shared Services groups who are responsible for managing service level agreements, to maximize the end user purchase experience and to ensure continued revenue-generating potential of their client's networks and applications.

"We are pleased to be considered such an important part of Open Solution Canada's plan to maximize the performance of their EFT direct channels such as telephone banking, ATM and point-of-sale services as cost-effectively as possible," says Bijan Sanii, President and CEO of INETCO. "With INETCO Insight, Open Solutions Canada should feel very confident in their ability to smoothly process millions of EFT transactions each month."

About Open Solutions Canada

Open Solutions Canada designs, builds, integrates and operates advanced banking and payment technologies for financial institutions, retailers, independent sales organizations (ISOs), third-party organizations and processing centers worldwide. Open Solutions Canada's Payment Solutions Group supports and markets state-of-the-art, industry-standard payment transaction processing solutions internationally. The Payment Solutions Group operates one of the largest ATM and POS payment switches in Canada. In addition, it directly supports more than 30 Canadian financial institutions through a network providing shared cash transaction processing, ATM monitoring and 7/24 support. http://www.ca.opensolutions.com

About Open Solutions Inc.

Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle® relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, digital documents, Check 21, interactive voice response, technology services, wealth management, payments and loan origination solutions. Open Solutions' full suite of products and services allows banks, thrifts, credit unions and financial services providers in the worldwide to better compete in today's aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.
Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2008 Open Solutions Inc. All rights reserved.

About INETCO

INETCO Systems Limited creates business transaction intelligence solutions to help companies manage the performance of customer facing applications. The Company's core technology, INETCO Insight, provides both real-time transaction information and historical trending analytics to quickly identify issues impacting business critical processes, payment revenue streams, and the online customer experience. A recognized technology leader in the TCP/IP payment transactions space, INETCO products are currently deployed within financial, retail, and telecommunications IT environments in over 50 countries. INETCO is based in Vancouver, British Columbia.

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