Chennai: Karur Vysya Bank (KVB) has signed up the city-based Financial Software Services and Systems Ltd (FSS) as a technology partner to facilitate online automated teller machine (ATM) services in select cities.

The agreement was signed here at a press meet addressed by KVB chairman A D Navaneethan and FSS MD Nagaraj Mylandla.

Navaneethan said the bank, with 211 branches and10 ATMs, has issued 13,500 ATM cards. It plans to add 100 ATMs before the yearend. KVB also plans to offer debit infrastructure across 25 ATMs in the first phase, going up to 100 ATMs over a one-year period.

The bank has 1.3 million customers. With the launch of online ATM services, all KVB branches can issue ATM cards and their customers can benefit from the ATM facilities, he said.

The bank has spent around Rs 25 crore in computerisation in 147 branches and work was progressing in another 40 branches. We intend to spend another Rs 25-50 crore in computerisation as we go along, he said. Around 85 per cent of the business emanates from computerisation.