The bank will use BASE24-es as a gateway for linking to the central Faster Payments Service (FPS) infrastructure being built by Immediate Payments Limited, the joint venture between Link and Voca. Lloyds TSB will run the software on an IBM System z server.
ACI says that the gateway will ease the implementation of Faster Payments by helping Lloyds TSB integrate with its existing payment hub and reduce the overall cost and effort to participate.
Lloyds TSB has been a customer of ACI for nearly 20 years and already uses ASE24 and BASE24-es in the retail bank. The vendor says that, by adopting further BASE24-es components, the bank is positioned to reduce duplication across its retail payments infrastructure and achieve cost and management benefits from consolidation.
Darryl West, director of group IT at Lloyds TSB, said, the move to Faster Payments is an important infrastructure change for us. ACI’s history with us made them the logical choice and we are confident that we will be FPS compliant within the agreed timeframe.
