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November 2, 2008updated 06 Sep 2016 2:52pm

SunGard announces new package for corporate payments

SunGard, a financial solutions provider, has packaged its Ambit Payments together with Sun Microsystems's software and hardware to deliver a new package for corporate payments.

By CBR Staff Writer

According to SunGard, Ambit Corporate Payments Express will offer banks a cash management and payments service for corporates, which can scale easily as more clients are acquired and more users are needed.

A SOX-compliant white-labeled service, it is designed to help provide secure payments processing, support multiple formats, payments and instruments, and help achieve ease of integration and connection. Banks will be able to offer corporate clients a global payments service that will help streamline the processing and management of payments and account statements, improve visibility into payment streams and cash flows, and manage the complexity of connectivity with internal and external systems – including Swift, said SunGard.

It 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 , 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, added SunGard.

Kevin Ferguson, senior vice president of business development for banks and corporation business at SunGard, said: In today’s volatile climate, corporations are focused on improving their liquidity management and are relying on their bank to provide the appropriate services. Additionally, banks are looking to capture new corporate customers by entering new areas. 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.

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