VocaLink Selects IONA Artix Data Services to Support Euro Payment Services
29 Abril 2008 - 9:30AM
Business Wire
IONA� Technologies (NASDAQ: IONA), a world leader in distributed
service-oriented architecture (SOA) infrastructure solutions for
performance-demanding IT environments, today announced that
VocaLink, the transactions specialist, has selected IONA Artix�
Data Services as a component of VocaLink�s Euro Payment Service for
its pan-European and global customers. VocaLink provides its
customers with the facility to translate legacy format payments
into a SEPA compliant format, using Artix Data Services, minimizing
the impact of SEPA compliance for customers. 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 Europe, to make payments across national
boundaries as easy as payments within those borders. During the
SEPA migration phase the banking industry has to support existing
legacy domestic payment message types, new SEPA message types and
SWIFT message types for international transactions. 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 IONA�s Artix Data Services as a key part of our
technology stack having been impressed with the depth of the
product and the support offered. Artix provides us with a fast and
cost effective solution as part of our message reformatting
service.� Artix is IONA�s advanced SOA infrastructure suite which
offers an alternative to the proprietary and centralized based
approach of other integration vendors. Artix Data Services is an
open and standards-based development tool for model-driven data
integration. Pre-built standards libraries provide the broadest
support for financial services standards, message types and
validation rules, including SWIFT, SEPA, FpML, TWIST, ISO 20022,
CREST and FIX, with the ability to model and specialize any data
format for complete compliance. By providing a data modeling and
semantic validation product with pre-built data models, customers
can reduce development time and costs associated with maintaining
multiple financial messaging standards. �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.� About IONA For more than a decade, IONA�
Technologies (NASDAQ: IONA) has been a world leader in delivering
high-performance integration solutions for Global 2000 IT
environments. IONA pioneered standards-based integration with its
CORBA-based Orbix� products. IONA's Artix�, an advanced SOA
infrastructure suite enables customers to leverage service-oriented
architecture to streamline and modernize IT environments. The FUSE�
family of open source distributed SOA infrastructure products
allows customers to take advantage of the economic benefits
associated with the use of open source software. IONA is
headquartered in Dublin, Ireland, with U.S. headquarters in
Waltham, Massachusetts and offices worldwide. For additional
information about IONA, visit our Web site at http://www.iona.com.
About VocaLink VocaLink is a specialist provider of transaction
services to banks, their corporate customers and Government
departments. It processes domestic and international automated
payments and provides ATM switching solutions. On a peak day, the
VocaLink automated payment platform processes over 90 million
transactions and over half a billion in a month. Its switching
platform connects the world�s busiest ATM network of over 60,000
ATMs. Having pioneered electronic payments for over four decades,
many of the world�s top banks and their corporate customers rely on
VocaLink to meet their transaction needs. VocaLink�s processing
services offer banks reach throughout the Single Euro Payments Area
(SEPA) and beyond; and are augmented by value-added services that
leverage industry expertise and technical capabilities Please visit
www.vocalink.com for more information.
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