SunGard Creates Ambit Payments Application For Corporate Payments And Cash Management Services

SunGard offers its new Ambit Payments package together with Sun Microsystems software and hardware to deliver a pre tested and pre configured application for corporate payments. Ambit Corporate Payments Express will help banks to capture new corporate payments and cash

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SunGard offers its new Ambit Payments package together with Sun Microsystems software and hardware to deliver a pre-tested and pre-configured application for corporate payments.

Ambit Corporate Payments Express will help banks to capture new corporate payments and cash management services business. As well new project provides secure payments processing, support multiple formats, payments and instruments, and help achieve comfortable integration and connection.New payments service boosts visibility into payment streams and cash flows, and manages the complexity of connectivity with internal and external systems – including SWIFT.

The application will be deployed on selected Sun SPARC Enterprise CMT servers with CoolThreads technology . It will also be deployed on Intel Xeon Sun Fire x64 server platforms running Solaris Cluster technology in combination with GlassFish (standards-based Java EE), Java CAPS Financial EAI and the MySQL database servers. Sun systems with CoolThreads technology will help customers tackle the demands of secure Web-scale computing while helping to reduce space and energy consumption.

Banks are looking to capture new corporate customers by entering new areas, says Kevin Ferguson, senior vice president, business development for banks and corporation business, SunGard. They must therefore be able to offer payment services that assist with automation, process optimization and international expansion. Ambit Corporate Payments Express will help banks offer these services quickly and efficiently.

We expect that Ambit Corporate Payments Express will help banks improve time-to-market and reduce risk as the solution has been tested, benchmarked and pre-configured, says Ambreesh Khanna, global head of financial services, Sun Microsystems. The solutions underlying infrastructure software and hardware stack has been optimized for performance, allowing banks to host a maximum number of corporate clients on a single configuration, helping to improve total cost-of-ownership.

L.D.

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