More NewsFundtech Payment Platform Passes Seven Million Payments Per Hour in IBM Benchmarking

Fundtech Payment Platform Passes Seven Million Payments Per Hour in IBM Benchmarking

Fundtech has announced that in a benchmark test performed in collaboration with IBM, the company’s Global PAYplus integrated payments platform set new throughput and performance records. Utilising the combination of batch and real time input, the test established that the platform is sufficient to handle the high and low care (RTGS and ACH) volume requirements of any size of bank, anywhere in the world. The benchmark was requested by a large financial institution to demonstrate that Global PAYplus meets the requirements of the new UK Faster Payments scheme. This initiative, currently targeted to go live in May of 2008, demands the processing of high volumes of low value transactions in seconds. Running on IBM System p5 575 cluster nodes, Global PAYplus processed over seven million transactions in a sustained one-hour run. Results also demonstrated the linear scalability of the solution as additional hardware was added. No limitations were identified that would prevent this solution scaling to even larger volumes.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha