IBM to provide new retail banking system for U.K. Post Office
Post Office Ltd has awarded IBM a $71 million contract to design, build and manage a new e-business infrastructure which will transform Post Office counter systems, connecting them to major banks and its own new Card Account.
Customers will be able to use their local Post Office to access bank accounts and withdraw benefits and new tax credits such as pensions and child tax credits. This is particularly important in remote or rural areas where people may not have easy access to the cash machines or bank branches.
