Sept. 15 (Bloomberg) -- SAP AG, the world's largest maker of business-management software, said Deutsche Postbank AG started using its software to process payments.
Betriebs-Center fuer Banken AG, a unit of Germany's biggest consumer bank by clients, is using the system it developed with SAP to handle high transaction volumes, SAP said in an e-mailed statement today. Financial terms of the deal were not disclosed.
Postbank is the first customer to introduce SAP's core banking systems. The Walldorf, Germany-based software company aims to increase sales to the banking industry as lenders introduce standardized information technology to boost efficiency and cut costs. In a separate statement today, SAP said it won HSBC Holdings Plc as a new customer for software to automate corporate client services.
``Our growth as an insourcer of back-office services in Europe now has no technical limitations,'' Mario Daberkow, a management board member of Deutsche Postbank, said in the statement. ``The payment engine has been developed to quickly implement future SEPA formats.''
Deutsche Postbank's BCB unit is the country's largest payment transaction company, servicing four out of Germany's five biggest banks, according to the statement. BCB sees the opportunity to expand its client base as European banks prepare to meet standards for the so-called Single European Payment Area, or SEPA.
Daberkow said by 2010 a ``significant volume'' of European payment transactions will be executed following the SEPA standard.
Earlier this month, SAP won a contract to provide Banco Sabadell SA with human resources products. On June 26, SAP said it won Commerzbank AG, Germany's second-biggest lender, as a customer for its bank product.
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