HP and Opus Software Solutions today announced an integrated payments solution to help financial institutions minimize operational costs and risks of real-time transactions.
The collaboration combines the availability and scalability of HP servers with Opus' proven electronic payments platform by porting Opus' Electra EFT Switch on HP Integrity NonStop servers. The open architecture of HP Integrity NonStop servers will allow the Electra EFT Switch, Opus' integrated payments solution, to authenticate and route financial transactions from multiple channels including ATMs, POS systems, web services and mobile devices.
Businesses with disparate or legacy systems can upgrade to this integrated payments platform to improve cost efficiency, scalability, security and data integrity.
"Companies whose payment applications are the lifeblood of their operations can greatly minimize business risk by leveraging HP NonStop technology," said Herbert Zwenger, vice president and general manager, Business Critical Systems, HP Asia Pacific and Japan. "HP's NonStop platform supports the majority of ATM and credit card transactions globally. Together with Opus, we deliver a robust infrastructure that is ideally suited for the financial services industry"
HP Integrity NonStop servers, including the new HP Integrity NonStop BladeSystem, power the world's largest stock exchanges and run payments infrastructure at more than 550 leading banking and financial institutions worldwide, with more than 120 in the Asia Pacific region. Eight out of 10 top banks in India, the South Pacific and South East Asia run on NonStop platforms, as do leading stock exchanges in China, India, Taiwan, Hong Kong, Malaysia and Bangladesh.
"HP has the industry expertise to offer the best-in-class solutions and services needed to help financial institutions deliver competitive, industry-leading products and services, and Opus has the track record of deploying state-of-the-art software systems for managing credit and payments at more than 150 customers worldwide," said Ramesh Mengawade, chief executive officer, Opus Software Solutions. "Our joint initiative provides customers with more choices to reach out to the growing payments markets and address high performance, change management friendly and cost efficiency challenges of the marketplace."