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Cyclos – Open Source Complementary Currency Software

Posted by Marcus Zillman

Cyclos – Open Source Complementary Currency Software
http://project.cyclos.org/index.php

Cyclos is open source online banking software for complementary currency systems like LETS, Barter networks, Time banks and exchange systems that are introduced in order to stimulate the circulation and the availability of credit in regions or countries with under-use of capacities. The Cyclos team is also looking for opportunities to allow micro finance institutions easy linkage with their administration to use Cyclos as their transactional (on-line banking) system. Cyclos is being produced by two teams of programmers, one in Brazil and one in Uruguay, being part of the respective national social trade organisation: STRO Uruguay and Instrodi. Cyclos is published under the GPL (open source) license meaning that it can be downloaded for free and used at no cost. Cyclos is developed in Java and runs on a variety of platforms like Linux, Windows, Macintosh and Solaris. From the start the objective has been to create professional software that is easy to use and maintain, secure, and highly customizable. Cyclos offers a professional and complete on-line banking system where users can administer their accounts, view their transactions, and make (secure) payments via web access or mobile phone. Cyclos comes with various additional modules like a business directory, e-commerce platform, referrals and transaction qualifications, messaging and notification system, call/support center logging, and an integrated management information system. This has been added to eCommerce Resources Subject Tracer™ Information Blog.

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