Mellon Brings the Latest International Trends

Mellon’s automation solutions help decrease operational costs, facilitate transactions and increase sales, supporting Cypriot Organizations in their local and international growth

[ClickPress, Tue Oct 10 2006] Mellon Cyprus, building on its tradition that has established the company as an innovative transaction solutions provider in the Cypriot market –the successful implementation of the majority of EMV migration projects being its most recent success story-, has presented in Nicossia the latest international trends in deposit and branch automation. Representatives from the biggest financial and public utilities organizations of Cyprus participated to this event that took place last week.

Under the general theme Trends in Branch Automation –Banknote deposit, Bill Payment and Cheque Truncation, the presentations focused on the latest approach of the international financial markets towards banks’ ‘traditional’ channel –the branch. “This approach emphasizes the facilitation of both employees and customers in realizing their routine transactions faster, freeing in this way valuable resources to strengthen the sales activity of the branch and optimise the relations with their customers, contributing at the same time in reducing the operational costs of the branch,” said Andreas Kitromilides, General Manager, Mellon Cyprus.

In this context, the company presented 4 solutions involving Diebold’s Opteva ATMs with Bulk Note Acceptor functionality for automated deposits, Perto’s Bill Payment systems, CIMA’s Teller Cash Dispensers & Recyclers, as well as Check Scanners & Readers for check deposit automation and management.

“According to data released by the European Central Bank , teller transactions in Cyprus reach 2.7 million annually, whereas ATM transactions are just 70 thousand. Given the high costs attached to the transactions at the teller’s desk –according to research data from reputable organizations the average cost per transaction is €1.5-€2.5- it is evident that the transition to a more flexible and cost effective model is crucial for the Cypriot banks to become more competitive locally and internationally,” noted Stefanos Karapetsis, Executive Director, Mellon Group of Companies. “In Mellon, helping our customers to achieve their business goals is our commitment and number one priority. This has been the driver of this event, so that we can update our customers on the models followed by big financial organizations globally as well as our customers in the countries we are present.”


About Mellon Cyprus
Mellon Cyprus Ltd., a subsidiary of Mellon Technologies and member of Mellon Group of Companies, was established in 2000 in Nicossia, in cooperation with Tseriotis Group. The company offers front-end and back-end solutions and services to organizations such as Banks, Utility Companies and Telecommunications Providers, to optimise the management of their consumer and business transactions. The company invests in its relations with its customers, and its partnership with leading vendors such as Diebold and Gemalto.

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