CBA awarded Swift Certified Application Payments label

Source: CBA

Commercial Banking Applications AS (CBA), a global provider of banking IT solutions and services, is delighted to announce that its IBAS GPF has been awarded the SWIFT Certified Application Payments Label for 2013.

SWIFT Certified Application labels are awarded exclusively to providers that deliver quality services and products to their customers while acting in accordance with the highest professional standards. This latest award validates CBA's ongoing commitment towards adopting and sustaining industry standards across the entire global payments industry.

CBA has been a long-term partner of SWIFT. IBAS was the first solution to receive the SWIFTReady Gold Multi-Markets label in 1998, and was revalidated by SWIFT for each consecutive year until they phased it out in 2009 when it was replaced with SWIFTReady Labels, and later with the SWIFT Certified Application Labels.

Developed using the latest technology, (100% Java, object-oriented and on a Service Oriented Architecture - SOA), IBAS GPF provides the flexibility, scalability and openness to deploy one single payment engine across an entire institution. The solution removes geographical and technological constraints, and supports a multi-branch, multi-entity and/or a global multi-country set-up, with simple integration to other key systems. It will handle any country, currency, language, bank, branch, division, product, time-zone, clearing, accounting, payment type, message type, entity and channel.

Commenting, Rolf Hauge, President & CEO of CBA said: "Banks are continually pressured to improve efficiencies, achieve connectivity with a variety of systems and gain compliance with regulatory standards. Over the years, we have worked closely with SWIFT to offer payments solutions and services to our bank customers based on the highest quality standards. Our SWIFT Certified Application Payments label accreditation demonstrates CBA's ongoing commitment to delivering solutions that help customers effectively connect and fully automate their global payment operations, reduce the cost per transaction, and enable them to meet with ongoing industry and customer demands."

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