Singapore, 1 December, 2003 – WizVision today announced the successful implementation of WizVision’s PINPad terminal solution, deployed in 1,400 branches of Bank Mandiri, Indonesia

Bank Mandiri provides comprehensive financial service to more than 6 million corporate and individual customers as well as small and medium sized enterprises in Indonesia. The corporate customer base of Bank Mandiri represents the core of the Indonesia economy and the export sector. By sector, Bank Mandiri is well diversified and is particularly active in the mining, retail, cement, power, oil and gas and aviation sectors.

The traditional method of verification of a Bank Mandiri’s customer identity was through signatures. This method, however, has been increasingly prone to forged signatories and fraudulent incidents in recent years. As such, Bank Mandiri decided to enhance their customer authentication methods to protect their clients.

One of the solutions proposed to Bank Mandiri was WizVision’s PINPad Solution. This solution is simple yet effective against cases of criminals impersonating as genuine customers or misrepresentations as authorized payee by customers.

When a customer transacts over the counter, as the first step of verification of identity, he would have to provide his signature. The enhanced layer of authentication requires the customer to further prove his identity by having to key in Personal Identification Number (PIN).

Successfully deployed in all 1,400 branches of Bank Mandiri with over 4,000 pinpad terminals, WizVIsion’s PINPad Solution has helped to protect Bank Mandiri’s customers and reduced drastically cases of frauds.

About Bank Mandiri
Bank Mandiri is Indonesia's largest bank in terms of assets, loans and deposits as well as the most profitable bank in Indonesia. Established in October 1998, in the aftermath of the Asian financial crisis of 1997 and 1998, Bank Mandiri is a product of a merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor and Bank Pembangunan Indonesia. Through the efforts of its more that 17,500 employees, Bank Mandiri provides comprehensive financial service to more than 6 million corporate and individual customers as well as small and medium sized enterprises in Indonesia. For further information, please visit the Bank Mandiri homepage at http://www.bankmandiri.co.id.

About WizVision.com Pte Ltd
WizVision is a technology company providing end-to-end solutions for payments, bill presentation and online banking. With clients that include leading international banks, payment processors, large enterprises and government agencies, WizVision has consistently delivered significant and quantifiable benefits to our clients through the innovative use of technology. For further information, please visit the WizVision.com Pte Ltd homepage at http://www.wizvision.com.

Editor Contacts:
Ms Diane Bun
Email: diane@wizvision.com
Tel: +65 6336 2981