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30 October 2012

TEKchand extends global reach with Ukrainian Processing Center deal

TEKchand LLC, a Chicago-based supplier of server-side, web-based software applications for ATM channel management, has announced a long-term agreement with Ukrainian Processing Center, a transaction processor based in Kiev, Ukraine, for its ATMLive Manager Platform, an application suite for ATM marketing and remote device management.

Under the terms of the agreement, UPC will license the TEKchand flagship multi-vendor application, ATMContent Manager. The  solution will allow UPC's financial institution clients to manage multi-media marketing content on ATM screens and receipts for their fleets through a single user-friendly interface.

"We are excited by the possibilities our new partnership with TEKchand brings to the table," said Andrey Berezyuk, business development director at UPC. "We were looking for an international software company that is a proven expert in providing applications for the ATM industry and who understands the specific needs of transaction processors and their clients, and we found an ideal match with TEKchand."

The agreement with UPC further expands TEKchand product implementation and operations in Europe and the Asian Pacific Rim.

"TEKchand is well positioned to enable clients on an international scale with ATMLive Manager in production in India, Hungary, Poland and shortly [in] UAE and Africa," said Rajeev Bahri, founder and managing director of TEKchand. "The international market is ripe for this type of leading-edge managed service for the ATM channel."