| By SOA News Desk | Article Rating: |
|
| April 29, 2008 04:15 PM EDT | Reads: |
2,238 |
IONA
Artix Data Services will help VocaLink to offer banks a set
of cost effective payments modernization solutions to support legacy payments
standards and the new SEPA standards. The Single Euro Payments Area (SEPA)
which came into effect on 28 January harmonized the payment systems between
countries in
Nick Masterson-Jones, Director of IT at VocaLink said: “Our
customers in the global banking community require a payments processing service
that can help them reduce the complexity and cost of compliance with new SEPA
standards while at the same time supporting existing payment standards for
domestic and international transactions.” Masterson-Jones continues, “We
evaluated a number of options on the market and selected
Artix is
“Migration to SEPA is probably the single biggest challenge
and opportunity facing financial institutions operating within the Eurozone
area,” said Peter Zotto, CEO, IONA Technologies. “The challenge of supporting
multiple legacy and new payment processing standards without compromising
performance or incurring additional internal development costs is significant.
Customers such as VocaLink need solutions that not only offer the broadest
support for industry standards, optimum performance but also reliable solutions
that reduce risk exposure in financial markets. We’re pleased to be recognized
by VocaLink as a leader in this area and look forward to supporting their
customers to meet their SEPA compliance requirements.”
Published April 29, 2008 Reads 2,238
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
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