Source: IntraNet Worldwide
IntraNet Worldwide, Inc. (Nasdaq:TSAI), the industry leader in international and domestic wholesale financial messaging and payment processing solutions for financial institutions, today announced that for the eighth consecutive year, its market-leading iMTS solution has received the SWIFTReady Gold accreditation for Payments.
The highest accreditation bestowed by SWIFT, the Gold label recognizes iMTS' continued support of SWIFT's standards, products and services.
"Since the labeling programme was introduced in 1998, iMTS has achieved the SWIFTReady certification annually, highlighting IntraNet's continued commitment to and support of SWIFT standards," said Victor Abbeloos of SWIFT. "In 2005, we are again honoured to award the company's flagship iMTS solution the SWIFTReady Gold Payments label."
With customers demanding secure, accurate and continuous movement of funds between accounts and around the world, few operations are more critical to a financial institution's operations than the moving, clearing, and settlement of payments. Designed to meet the varied payment processing needs of the wholesale banking industries worldwide, iMTS moves money, settles multiple currencies and streamlines operations for 23 of the top 100 global banks and 41 of the top 100 U.S. banks.
"During our 25 years of developing and delivering business-critical banking systems, IntraNet has pursued a philosophy of providing up-to-date technology and infrastructure to our customers. The SWIFTReady Gold label demonstrates IntraNet's ongoing commitment to the highest standard in payments throughout the industry," said Dennis D. Jorgensen, president and CEO, IntraNet Worldwide.
SWIFT, the Society for Worldwide Interbank Financial Telecommunication, supplies secure messaging services and interface software to wholesale financial entities. Third-party financial applications, like iMTS, are either awarded SWIFTReady Silver or SWIFTReady Gold labels, depending on their level of compliance. The SWIFTReady accreditation certifies that iMTS satisfied all SWIFT requirements across a wide range of criteria. These are SWIFT-specific and re-evaluated on a yearly basis. The labeling also confirms that iMTS can be fully integrated in a SWIFT messaging environment.