The Clearing House is now using Systar in production to proactively monitor payments activity across its core systems.
The Clearing House clears and settles nearly $2 trillion each day, representing nearly half the U.S. volume in funds transfer (CHIPS), ACH and check image payments. Financial institutions in the U.S. and around the world rely on The Clearing House for safe, sound and reliable payments.
"Systar is pleased to count The Clearing House as one of its clearing and settlement customers," said John Lopynski, Vice President of Business Development at Systar.
The Clearing House chose Systar to provide a consolidated, real-time, end-to-end view of all payments activity and to proactively alert the business if payment activity is not normal.
"Systar improves our view across our payment systems and helps us identify potential processing issues early," said Al Wood, Executive Vice President of Technology and Operations at The Clearing House. "Using Systar has improved our efficiency and reduced operational risk."
The Systar solution has been in place since January. "We are very satisfied with the results," said John Dunn, Vice President of Operations at The Clearing House. "As we become more proficient with the platform, we see additional ways it can be used to gain insights and enhance our monitoring processes."