Iliad Solutions, a leading supplier of advanced testing products and consultancy services for the card processing and payments industry, today announced the extension of its T3 testing platform to support 7 Day Account Switching (7DAS).
This follows Government approval of the UK Payments Council proposal to enable individuals, charities and businesses to be able to switch bank accounts in a maximum period of 7 days by September 2013.
Building on the foundations of the successful deployment of the T3 Platform in the majority of UK banks for the UK Faster Payments Scheme, T3 is now able to simulate the behaviour of the Account Switch Service Central Scheme to allow member banks to manage the end-to-end testing of the account switch process. T3 will provide functional and non-functional test support for the full message set, simplifying the integration with the central infrastructure and all other scheme members.
Batch messages in the ISO 20022 XML format are tracked through the complete lifecycle of the account switch, allowing members to generate and manage large volumes of transaction data whilst maintaining a single view of all interactions.
"Early adopter Banks can use the T3 7 Day Account Switch Service to measure the impact on their central systems, and also to build prototypes ahead of deployment using model based testing" said Anthony Walton, Managing Director, Iliad Solutions Ltd. "T3's native ISO 20022 support is increasingly deployed worldwide by the world's largest banks and card schemes; we hope that this support, coupled with our unrivalled experience in providing test services to the UK's Faster Payments community, will make the T3 proposition a compelling one"
T3:7DAS is an integral component in the family of T3 payment system testing tools available from Iliad.
T3 provides 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.