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Fundtech trumpets mass payments benchmark test results

22 July 2009  |  2152 views  |  0 Source: Fundtech

Fundtech (Nasdaq:FNDT), a market leader in global transaction banking solutions, today announced the results of a recent mass payments benchmark test conducted in Sun Microsystems' Solution Center located in Manchester, UK.

Fundtech's Global PAYplus processed 10 million payments per hour, while demonstrating linear scalability, with sustained system throughput. The benchmark incorporated complete transaction processing of batches of direct debit and credit transfer payments replicating a real banking environment including simulated host systems. Extrapolating these results, Sun and Fundtech conclude that the system is capable of handling over 50 million payments per hour.

While financial institutions are seeking ways to reduce cost, complexity and risk in their payments business, these benchmark results provide proof that payment hubs are a viable strategy to address these goals. Global PAYplus is able to handle complex SEPA and other domestic and cross-border payments with high STP rates; it is also able to efficiently process the large volumes associated with mass payments for global banks.

According to Dave Hallett, Sun Solution Benchmark Manager, "The Global PAYplus application showed optimal performance. Specifically we noted good linear vertical and horizontal scalability with almost 100% user CPU utilization."

According to Joseph Mazzetti, Fundtech's Executive Vice President, "These grueling benchmark tests demonstrate that Global PAYplus is the most flexible and scalable solution, able to handle the volume needs of the world's largest financial institutions. Our benchmark simulated the highly complex environment that a global payments system operates within -- and it was able to achieve tremendous volume throughput and scalability."

About the Benchmark Test

The benchmark test, conducted in March, was designed to emulate payment processing scenarios at large global banks, supporting over 250,000 customer records with Full BICplusIAN files loaded and an active database of 70+ million payments. Four tests were conducted: Sustained Throughput; Soak Test; Scalability; and Latency. Transactions tested were a combination of book transfers, credit transfers, and direct debits. The test was conducted on Sun M5000's, using Solaris 10, Oracle 10g Rel.2 and MQ Server 6.0.2.2.

The Sun Solution Center hosts more than 4,000 customer engagements annually. It brings together the experience, expertise, and leading edge technology of Sun and its partners in a state-of-the-art test lab environment.
Rik De Deyn, Head of Payments Solutions at Sun added,

"This is an excellent example of a mutually beneficial partnership. Our customers benefit from our payments technologies working superbly together. It's proof that it is possible to combine high-value payments functionality with low-value volumes. We will work with Fundtech to deliver their solution to many of the world's leading banks."

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