Thursday, 24 July 2008

HP& Opus to Provide 24/7 Integrated Payment Solution

Hewlett Packard (HP) and Opus Software Solutions today announced an integrated payments solution to help financial institutions minimize operational costs and risks of real-time transactions.

The collaboration combines HP servers with Opus’ electronic payments platform by porting Opus’ Electra™ EFT Switch on HP Integrity NonStop servers.

The open architecture of HP Integrity NonStop servers will allow the Electra EFT Switch, Opus’ integrated payments solution, to authenticate and route financial transactions from multiple channels including ATMs, POS systems, web services and mobile devices.

Businesses with disparate or legacy systems can upgrade to this integrated payments platform to improve cost efficiency, scalability, security and data integrity.

“Companies whose payment applications are the lifeblood of their operations can greatly minimize business risk by leveraging HP NonStop technology,” said Herbert Zwenger, vice president and general manager, Business Critical Systems, HP Asia Pacific and Japan.

“HP’s NonStop platform supports the majority of ATM and credit card transactions globally. Together with Opus, we deliver a robust infrastructure that is ideally suited for the financial services industry.”

The Electra suite of software is functionally rich and offers customers the flexibility to tailor it to meet their unique requirements. The Electra integrated platform currently processes transactions across key payments channels in many countries. It interfaces with various back-end host systems (centralized and distributed) and international payments networks such as Visa, MasterCard and American Express for transaction authorization.

“HP has the industry expertise to offer the best-in-class solutions and services needed to help financial institutions deliver competitive, industry-leading products and services, and Opus has the track record of deploying state-of-the-art software systems for managing credit and payments at more than 150 customers worldwide,” said Ramesh Mengawade, chief executive officer, Opus Software Solutions.

“Our joint initiative provides customers with more choices to reach out to the growing payments markets and address high performance, change management friendly and cost efficiency challenges of the marketplace.”