Cambista Technologies is partnering with Generated Systems Technologies (GST) to develop Batch Wire Server, a high volume payment system based on Java technology.
Batch Wire Server will combine Cambista's newly released Universal Payment Engine and J2EE iB@nk server with GST's Payment File Wizard technology and will accept high volume, high value payment files in any format.
The system will translate payments for the appropriate network and route them to the bank's back office system. As part of the project, GST's software for Nacha to Fedwire conversion will be extended to include Swift and European payment-type translation.
Eric Converse, CEO, Cambista Technologies, said "Our customers have told us they need to handle large volumes of both US and European transactions in a unified manner...The Batch Wire Server combines Cambista's UPE rules-based processing and entitlements system with GST’s rules-based payment file reformatting to meet the needs of the high volume payment marketplace."
Cambista says Batch Wire Server is likely to be available in the first quarter 2005.
The product is the first resulting from the Java Payments Network which was established earlier this year by Sun Microsystems to provide a forum for banks and vendors to explore new technology developments and promote new standards initiatives in the payments business.