LONDON — Level Four Software, provider of ATM and POS testing and development software, won the 2005 Fife Business Award for innovation and creativity from Scottish Enterprise, according to a news release.
Level Four won the annual award for its bunch note acceptor and check processing module solutions. Both solutions address a business need for testing cash and check-deposit transactions, and help financial institutions deliver more sophisticated self-service capabilities at cash machines.
With bunch-note acceptance, cash can be instantly credited to a cardholder's account; with check processing, the cardholder gets a scanned image of his check on the receipt.
Level Four developed BNA and CPM with Nationwide, the United Kingdom's largest building society, to address its branch automation with the deployment of its advanced self-service FAST Till ATMs. The ATMs include bunch-note acceptance and check-processing functions.
"A customer-led approach to product development has laid the foundations of our success," said Martin Macmillan, Level Four's chief executive. "In the banking industry, introducing new customer services is an integral part of business strategy. Prior to new services being deployed at the ATM, thorough testing is imperative because banks cannot afford to test on their customers."
Level Four was one of nine companies to pick up an award at the ceremony in Fife on April 1. Now in its fifth year, the Fife Business Awards highlight the achievements of Fife-based businesses across industry sectors.
This year's winners received a 5,000 pound (U.S. $9,600) prize package and a trophy. The company also automatically qualifies for entry to Scottish Enterprise's Enterprising Scotland Awards in June 2005, Scotland's national business awards.
