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Friday, December 21, 2007

IBM Partners With ACI on SOA-Based Payments System

IBM announced that it has partnered with ACI Worldwide in building
electronic payment systems that are based on a service-oriented
architecture to make it easier to share payment information across
banking applications. The alliance is focused primarily on the financial
services industry, targeting banks that are trying to manage old
payments systems running on legacy platforms that are difficult to
integrate with newer systems and are expensive to maintain, IBM said.
ACI and IBM plan to offer an SOA approach for integration. SOA uses
technology based on extensible markup language, or XML, to loosely
couple systems for passing data between them. Phase one of the partnership
is expected to yield an optimized version of BASE24-eps on System z to
acquire, route, and authorize payments online; a wholesale payments
system to help European companies meet pending Single Euro Payments Area
regulations; and a real-time fraud detection system. Subsequent systems
will focus on dispute management, smart card management, online banking,
and trade finance. Under the deal, ACI will tailor its money transfer
system and BASE24-eps application to run on IBM's System z mainframe
hardware. The companies plan to form joint sales and technical teams
for selling the combined technologies, and for helping companies migrate
legacy systems to the new products.

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