Iliad Solutions, a leading supplier of advanced testing products and consultancy services for the card processing and payments industry, today announced the support of G3 Payments Solution Testing within its T3 Stress and Functional testing platform for the Singapore financial services industry.
Building on the foundations of its successful deployment of the T3 Platform in the majority of UK banks for the UK Faster Payments Scheme, T3 is now able to offer performance testing support for banks and financial institutions in Singapore who will be G3 members.
The G3 scheme will enable Singaporean banks and financial institutions to process low-value payments in real-time, maximizing their ability to deliver innovative and commercially attractive products while minimizing settlement risk.
The G3 support within the T3 Performance test tool components will allow Singaporean banks and financial institutions, or software development organisations, to load-test and analyse their infrastructure at high volumes with a full range of simulated transactions from the G3 Payments Scheme. This will ensure that capacity and growth plans can be accommodated within their new payments infrastructure.
Many banks have yet to consider the potential impact of the new G3 Scheme and the effect that this will have on their central systems and infrastructure. "When you are moving money in real-time with a new Payment Instrument, then it is simply not sufficient to merely ensure that you can send and receive ISO 20022 messages," said Anthony Walton, Managing Director, Iliad Solutions Ltd. "Our unrivalled expertise in Faster Payments and support for G3 Performance testing within the T3 platform allows banks to be sure that their system's performance capabilities can be anticipated, modelled and signed off, well in advance of the anticipated launch in 2013."
Additionally, the functional test tool, which will also be included, will allow users to build, edit and run an integrated set of unit and regression tests which can be used as part of their testing programmes in readiness for certification of their G3 compliant payment hub and gateway products.
"The early setting of standards by the G3 Scheme will have great benefits for the early adopters. T T3 will consolidate that advantage and ensure that the members are genuinely ready to go," added Walton. "Our vendor independence, local market alliances and experience from our involvement in the UK Faster Payments Scheme will enable banks to have confidence that their systems are ready and fit for purpose."
G3 Regression and Performance testing is an integral component in the family of T3 payment system testing tools available from Iliad.
T3 offers end-to-end coverage for all components of a payment system; from EMV enabled cards through all types of POS and ATMs to the formats supported by the world's largest switches, credit card schemes and interchanges.