Dovetail adds server options to wholesale payments product
05 April 2004 | 1618 views | 0
Stratus Technologies, Inc., today announced that it has signed a sales and marketing collaboration agreement with Dovetail Systems, Inc., a provider of innovative payments technology designed to maximize Straight-Through Processing (STP) to the wholesale banking industry.
Dovetail customers now have the option to deploy Q5 and Envoy solutions on Stratus ftServer servers.
Bank customers require robust, time-critical service for their high-value payments. Dovetail payments solutions with Continuous Processing Stratus servers provide the reliability and high availability that banks demand in today's global payments processing environment. Dovetail's Intelligent Business Transaction Processor platform, Q5, and its high-value multi-bank, multi-currency payments solution, Envoy, are secure, scalable, flexible, dependable and designed to support dynamic, business-critical inter-bank payments environments.
Similarly, the Stratus ftServer family is a complete line of 1-to-4 way SMP Intel processor-based servers for Microsoft Windows Advanced Server and Server 2003 Enterprise Edition computing environments. Simple to deploy, operate, and maintain, ftServer systems deliver better than 99.999 percent uptime reliability for both the hardware and operating system and provide high levels of reliability for applications where operational continuity and continuous processing are critical.
"Combining Dovetail's Envoy payments solution set with high-availability ftServer systems provides a powerful, cost-effective alternative to the aging proprietary legacy payments systems used by many wholesale banks today," said Bruce Hutcheon, Dovetail CEO. "Our open standards-based modular architecture and Progressive Renovation implementation strategy enable clients to deploy wholesale banking payments solutions that respond to the constantly evolving market and regulatory landscape."
"The demand for real-time information and transaction processing is growing," says Maggie Scarborough, senior analyst at Financial Insights. "High-availability computing for mission-critical applications such as payments is now required, yet often expensive and complex. Stratus ftServer systems provide fault tolerance that is approachable and affordable for institutions of all sizes and needs.