16 August 2017
Find out more

PostFinance implements SeeBeyond for payments integration project

27 January 2003  |  3596 views  |  0 PostFinance implements SeeBeyond for payments integration project

PostFinance, a major division of Swiss Post, has deployed the SeeBeyond Business Integration Suite for EDI and Swift-based processing of mass payment transactions and account statements for its 30,000 business partners.

The software is also being used to initiate electronic account statements for 200,000 e-banking users, and will ultimately replace all inter-application data flows.

PostFinance has over 30,000 contractual partners - including large global banks - for the processing of payment-transactions, and offers a range of financial services including savings, investments and cash management.

In selecting SeeBeyond, the firm was looking for a solution for high volume processing, capable of handling over 7 million payment instructions over 16 hours says Stephan Sutter, application architect middleware for PostFinance.

He says the new solution is future-proofed for volume growth and will enable the firm to respond to changes in the market as they occur, "something that we just didn't have the flexibility to achieve previously".

PostFinance has initially deployed the SeeBeyond platform to integrate and manage the disparate back office applications that guide payment processing and account statements for its large corporate and private client base.

"The system went live on the 21st of October (2002), and it has been stable since," adds Sutter.

He says this deployment is the beginning of a five to seven year implementation project covering all intra-enterprise data transformation, which will be carried out utilising the SeeBeyond product suite.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10959 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
10085 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9428 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9190 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8292 views comments | 6 tweets | 21 linkedin