Accounting and Financial Software
Sun Delivers on Its Commitment to Support Enhanced Payments Processing with Launch of the New Open Payment Suite
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Sun Java Composite Application Platform Suite, Solaris Operating System Supports Payment Processing Across Borders and the Enterprise
SIBOS, SYDNEY, Australia (Booth K09), Oct. 8 -- Sun Microsystems (NASDAQ:SUNW) today announced the second phase of its payment strategy with the launch of the new Open Payment Suite based on the Sun Java Composite Application Platform (CAPs)(TM) suite and Solaris(TM) Operating System(OS), the most advanced OS on the planet. Building on its Consolidated Payments Architecture (CPA), launched last year at Sibos and in line with its acquisition of Seebeyond in 2005, this next phase of Sun's strategy sees the offering of a range of technologies that aim to address the particular challenges facing the payments industry today.
Sun has integrated its CPA and Open Payments Bus to create a market leading business integration and Service-Oriented Architecture (SOA) platform. This event-driven platform comes pre-integrated with leading Payment Partner applications and is designed to transform fragmented legacy systems, while maximizing the re-use of existing assets. Sun's Open Payment Suite is based on Sun's fully-integrated Java CAPs suite, as well as the award-winning Solaris OS, which powers the payment systems of the global banking community. Sun's Open Payment Suite is based on Solaris 10, the most secure OS on the planet and the strategic platform of choice for the global banking community.
The suite includes the new SWIFT Message Monitor solution which allows financial firms to automatically audit SWIFT traffic as it flows through their organizations, positively impacting operational risk and compliance. The Sun Open Payment Suite was developed with the view of broadening banking services in the area of financial supply chain services as banks seek to deepen their value propositions to corporate clients. Based on Sun's experience in designing and implementing technologies in support of automated clearing house and clearance infrastructures, these technologies support the wave of changes in clearing and settling, and Central Securities Depository developments worldwide.
Voca, one of the largest processors of direct debit and credit transfers in Europe, went live with its new payments platform in July 2006.
"With our new platform we expect to be able to process 12,000 payments per second. In fact in four hours we can process Europe's entire average daily automated payments volume," said Marion King, Chief Executive at Voca. "Sun is a key partner whose consolidated payment architecture enables us to provide an end to end seamless service to all our clients."
"As enhanced regulations and competitive forces continue to rise, the pressure to reduce costs and improve levels of customer service in the payments processing business grows each day," said Larry Scott, vice president of Financial Services at Sun. "Our Open Payment Suite helps customers turn these challenges into lucrative opportunities. This year's theme at Sibos is 'raising ambitions.' and we believe that our Open Payment Suite will not only enable our clients to raise their ambition but also their game."
Sun Microsystems has a worldwide customer base in the payments area supporting all payment segments. This includes, in addition to Voca, BBS, KBC and others.
About Sun Microsystems, Inc.
A singular vision -- "The Network Is The Computer"(TM) -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age. Sun can be found in more than 100 countries and on the Web at sun.com. Subscribe to Sun newswire at sun.com/news .
FOR MORE INFORMATION
Melissa Pereira
Sun Microsystems, Inc.
408-884-4980
melissa.pereira@sun.com
Cindy Stoller
Bite Communications
212-857-9378
cindy.stoller@bitepr.com
Source: Sun Microsystems, Inc.
Web site: http://sun.com/
