SterlingCommerce, the multi-enterprise collaboration company and a subsidiary of AT&T Inc., says that BBS (Banking and Business Solutions) has selected SterlingMulti-Enterprise Finance Gateway to consolidate its payments and data exchange.
SterlingMulti-Enterprise Finance Gateway aims to reduce costs, increase revenue and provide the necessary flexibility to enable BBS to deliver new services for the banking and payments industry as itmigrates to the Single Euro Payments Area (SEPA).
BBS selected SterlingMulti-Enterprise Finance Gateway to provide a single gateway to consolidate payment channels of card and domestic payments, which were previously processed by overlapping software applications. Sterling Multi-Enterprise Finance Gateway replaced these disparate payments channels by managing multiple payment formats and communications protocols,including United Nations/Electronic Data Interchange For Administration, Commerce, and Transport (EDIFACT) and SWIFT.
“SterlingMulti-Enterprise Finance Gatewayhas enabled us to provide a single gateway for all payments processing, thereby reducing costs and increasing revenue,” says Knut R. Bjerke, an executive vice president at BBS. “Alongside our new UNIX-based platform, SterlingMulti-Enterprise Finance Gateway has enabled us to transform our business, streamlining and automating ourpayments processing. We are now well-placed to build on our existing strengths and diversify our service offerings in Norway and, by way of SWIFT, across the rest of Europe.”
“While enabling BBS to integrate multiple payments systems for cost efficiencies and improved visibility, SterlingMulti-Enterprise Finance Gateway also positions BBS for immediate revenue growth,” adds Jim Gahagan, a global industry executive for financial services at Sterling Commerce. “With this solution, BBS now has a complete communications platform for payments and other financial cross-enterprise communications, as well as the necessary flexibility to respond quickly to major process refinements and major changes in community profiles.”