Logica and Sun Microsystems Demonstrate Payments Volume Growth
Logica has announced the results of a high-performance benchmarking test carried out on its All Payments Solution (LAPS), the company’s new payments hub, with Sun Microsystems’ T-Series and Sun SPARC Enterprise M-Series servers. The company says that LAPS achieved a record processing capability in excess of 50 million payments per hour. This performance exceeds the low value volume requirements for any bank, from small regional to the largest global financial institutions, and the company stress that this also demonstrates the hub’s ability to support any future merger and acquisition activity.
Sarah Loveday, managing director, global financial products at Logica, comments: “With the year-on-year growth in payments volumes and declining revenues, banks are under increasing pressure to transform their payment business, by reducing costs and increasing flexibility and functionality. Regulatory drivers such as the single euro payments area (SEPA) and the Payments Services Directive (PSD) combined with the effects of the global economic downturn, which has increased the number of mega-bank mergers, have made the need to transform the payments business even more urgent.”
For the benchmark test, Logica and Sun Microsystems recreated the payments environment according to the real requirements of a global bank, processing outgoing SEPA Credit Transfer requests to Euro Banking Association (EBA). Logica’s payments platform used a 10g Oracle database and the Solaris 10 OS. The project was undertaken by a joint Logica and Sun Microsystems team in Sun’s performance testing facilities in Scotland.