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D+H applies distributed ledger tech to payments services hub

03 February 2016  |  3055 views  |  0 Source: D+H

DH Corporation (“D+H”) (TSX: DH), a leading provider of technology solutions to financial institutions globally, today announced that it has successfully integrated blockchain distributed ledger technology into its global payments services hub.

D+H is now in active discussions with banks to implement this payment solution with integrated blockchain capabilities.

The blockchain solution was built as an extension of D+H’s Global PAYplus solution, which helps financial institutions of all sizes manage all payment types – including high value, mass and immediate payments – and all currencies in one integrated system, domestically and across national borders.

This milestone demonstrates that D+H’s payment hub technology is adaptable to blockchain technology and can integrate this technology to meet evolving peer-to-peer client payment needs. Financial institutions using D+H’s payments hub will be able to utilize a secure, closed loop distributed ledger system to connect bank networks, move money in real-time, and improve access to liquidity. Using the solution, peer-to-peer payments can be made in real-time, benefitting from the anonymity inherent in blockchain technology to ensure security and reduce risk.

“This breakthrough technology further positions D+H as a leader in payments,” says Moti Porath, executive vice president, Global Pre-Sales, D+H. “D+H has made significant investments in blockchain and distributed ledger innovation, and will continue to explore new use cases and partner with players like Ripple to pursue other opportunities.” 

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