Systar (ISIN: FR0000052854-SAR), a leading provider of performance management software, today announced it will implement its advanced Business Activity Monitoring platform at The Clearing House, the largest private sector payments company in the U.S.
BusinessBridge from Systar will aggregate critical systems information from The Clearing House's ACH, wire and check image systems into a single, centralized location. By deploying BusinessBridge, The Clearing House will have greater capabilities to monitor and manage activity across its systems. The Clearing House, owned by the nation's largest banks, clears and settles more than $2 trillion a day.
"Systar offers The Clearing House a consolidated snapshot of all payments activity, which improves our view into our payment systems and helps us to identify potential operational issues early," said Al Wood, Executive Vice President of Technology and Operations at The Clearing House. "Systar provides new capabilities to assure the continued safety, soundness and reliability of our critical payments systems."
"Given the strategic role of The Clearing House to the banking industry, we are very pleased to welcome the company as a new customer," said John Lopynski, Vice President of Business Development, Systar. "BusinessBridge is a proven solution that streamlines the monitoring of business processes which in turn reduces risk for customers, including many of the world's largest financial institutions."