News Room

Bank Melli Iran (BMI), also called the National Bank of Iran, has opted for TPS Phoenix for its ATM and debit card program for its branches in Oman. Being the first national Iranian bank, BMI is also now the largest commercial retail bank in Iran, with over 3,300 branches and 43,000 employees.

To keep up with the competition and to cope up with the rapidly changing market dynamics, Bank Melli Oman decided to migrate to Phoenix Switch from its existing transaction platform. The previous running switch architecture did not offer the flexibility of enhancing or incorporating feature-rich services over alternate delivery channels for its customers in Oman. Phoenix was selected from amongst the world class solutions, because of its flexibility, time to market, and its functionalities, ranging from the ATM switch to the integrated delivery channel manager.

Phoenix, as a unified ATM controller and a debit card switch, will initially work as an ATM controller and integrated delivery channel manager, aside from providing deposit functionality through the cash deposit machines. In the future, it will also provide EMV acquiring. The cash deposit functionality uniquely offers cardless deposit automation, which means that any customer walking in to use the cash deposit machine will be able to do so without the need for a card. Its scalable and modular design enables the bank to add new services and delivery channels as and when required.