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Omicronn launches Trax bulk payments product

11 October 2004  |  2906 views  |  0 glass blocks

Belgium's Omicronn is launching its Trax Bulk Payments Processor product at this year's Sibos conference and exhibition in Atlanta.

Omicronn says the product, which supports SwiftNet bulk payments, is able to support the entire chain of exchanging bulk payment files with customers, correspondents and automated clearing houses.

The vendor claims the bulk credit transfer and payment initiation messages generated by the system are the first XML-based payment transaction standards available via SwiftNet.

Trax also supports the use of proprietary formats, using FileAct for carrying any file content.

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