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ABSA Stays Ahead of the Market With CashWebCommunity From Transtrack International

UTRECHT, The Netherlands January 18, 2011 South Africa

Key in the success of the bank’s Cash Solutions is the use of the latest technology to provide complete end-to-end visibility and provide a platform for future integration of value added services, by implementing modules from the CashWebCommunity platform powered by Transtrack.

"Transtrack has enhanced our ability to integrate and manage the end-to-end cash value chain across previously disparate entities, driving business value through improved vendor performance management and enhancing the customer value proposition." Gawie du Preez – Absa Cash Solutions Managing Executive.

Transtrack International provides sophisticated end-to-end software solutions to cash businesses around the world. The software is aimed at increasing efficiency, transparency and security. From a total cost of cash perspective, the software allows for a decrease of the cost of cash for both banks and retailers. Transtrack’s software is web enabled and connects cash businesses within the supply chain. In the field of true cash management, Transtrack is market leader worldwide with their CashWebCommunity suite.

Ronald van Vliet

About Absa

Johannesburg South Africa’s South Africa

Mozambique Tanzania

30 June 2010

30 June 2010

Europe USA Africa Asia

SOURCE Transtrack International

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