HP worked with the bank to develop new business services for the system, which it says enhances international wire capabilities, improves operational efficiency and increases productivity.
The wire transfer system is based on HP NonStop Payments, a combination of hardware, software and services that helps payment and other IT systems adapt to rapidly-changing business needs.
US Bank now offers customers improved functionalities that were not possible with our old system, said Caroline Fortmeyer, SVP of corporate services at US Bank. Working with HP, the transition was smooth and we have a newly streamlined, high-speed processing environment for our customers’ domestic and international wires.
Delivered by HP Services, US Bank’s system is powered by the scalability and sub-second response time of HP NonStop servers – the core of HP NonStop Payments – to offer a faster and more efficient wire transfer process. The system also handles applications such as federal reserve book-entry, compliance, advising, corporate customer payment entry and reporting.
