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	April 23, 2004 Nigeria proud at Computer World Honors 21ST - Century achievement award May 18, 2004 InterSwitch and Microsft partners for e-commerce solutions

INTERSWITCH DOES NIGERIA PROUD AT COMPUTER-WORLD HONORS’S 21ST CENTURY ACHIEVEMENT AWARD.

InterSwitch Limited, Nigeria’s leading transaction switching and processing services company has won a Gold Medal for innovation at this year’s 21st-Century Achievement award of the Computerworld Honors Foundation in San Francisco, USA. InterSwitch provides interactive commerce solutions to financial institutions, corporate bodies, utilities and government parastatals.

The Computerworld Honors Foundation identifies and honors those organisations whose use of information technology is especially noteworthy for the originality of its conception, the breadth of its vision, and the significance of its benefit to society. They also seek out, honor and provide special recognition to men and women from around the world whose visionary use of information technology produces and promotes positive social change.

These organisations are asked to contribute a case study to the collection and a formal medal presentation mark the donation of these case-studies.
The Computerworld Honors Medal of Achievement is presented annually. In his presentation, the Chairman of the Chairmen’s committee of the Computerworld Honors programmes said; “the growth and breadth of the information technology used today are the results of your dedication and hard work of all of you present here today. You are an inspiration to this generation and hopefully to the future generations too”.

The chairmen’s committees are responsible for nominating the awardees each year. Over 500 nominees were considered in 2004 and Gold medals were awarded to only 250 organizations across various countries in 6 continents. Six organisations were recognised in Africa from Nigeria, South Africa and Senegal. The case studies submitted will be archived in more than 150 libraries, museums, academic research institutions around the world and will serve as primary source material for scholars and as a resource for individuals who hope to use information technology to create solutions to address their own challenges.

According to the company’s representative, InterSwitch was nominated by Joe Forehand, CEO of Accenture and member of the Chairmen’s Committee and Omobola Johnson of Accenture for inclusion in the 2004 Finance, Insurance & Real Estate category.

InterSwitch is committed to providing the Nigerian public with secure and reliable solutions for interactive commerce. Presently on the InterSwitch network are; United Bank for Africa, First Bank of Nigeria, Zenith International Bank, Universal Trust Bank, Standard Trust Bank, Oceanic Bank International, Prudent Bank, Guaranty Trust Bank, Continental Trust Bank, Afribank, Chartered Bank, WEMA, Gulf Bank, ATM Consortium and Globacom. He further said that InterSwitch’s business is driven by the singular need to provide a cost-effective value driven infrastructure through which organizations can provide services to their customers and receive payment using multiple channels. Today, customers of banks on the InterSwitch network can use their banks ATM as well as the ATMs of other banks to withdraw cash round the clock. Another major achievement is the integration between InterSwitch and ATM consortium Limited. ATMC is the first independent service organization (ISO) to deploy ATMs in Nigeria. The company plans to deploy about 1,000 ATMs in 3 years. In addition, InterSwitch recently demonstrated mobile banking using Globacom sim cards. “It is in order to guarantee best of breed technology enabled business solutions, that we are partnering with the Certified Application Developers (CADs) to provide additional manpower and support resources, as well as to ensure cost-effective solutions with measurable benefits”, says the representative. He explained that InterSwitch provides interfaces to point of sale terminals, card readers, automated teller machines, web browsers, mobile phones, personal digital assistants and other touch point devices linking enterprises to their customers. It also incorporates electronic transaction processing applications that solve specific business problems such as electronic funds transfer, ATM and point of sale processing, loyalty points accumulation, electronic utility bill payments, claims handling and managed care authorization. By interconnecting the banks and merchants to one another, InterSwitch will be creating a change in the financial services sector by enabling commercial transactions to be completed faster, safer and cheaper, this will have positive impact on the economic growth and global competitiveness.
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