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Darmstadt, Germany, and Geneva, Switzerland, 9/26/2016
Software AG (Frankfurt TecDAX: SOW) announced today that the company is participating at the SIBOS conference and exhibition in Geneva, 26-29 September (stand: E89). PayCommerce is the leading cross-border payments network, which connects 85+ correspondent banks and acquiring institutions in more than 72 countries and enables real-time payments, acceptance and integrated settlement--all through a single point of connectivity.
PayCommerce utilizesSoftware AG’s Digital Business Platform to automate and integrate payment processesacross its network within a single, secure platform enabling users to develop next generation application systems. The platform provides capabilities for improving international B2B, B2C and C2B transactions from initiation to settlement processing, compliance screening, reconciliation and reporting and enables PayCommerce customers to streamline payment processes to better manage financial risks, reduce costs by up to 80%, and improve treasury functions.
Software AG’s Digital Business Platform is a service-oriented, event-driven and API-capable development environment with many ready-to-use application services, including webMethods and Apama Big Data streaming analytics. For PayCommerce, webMethods supports the development of integration and process services and connects all of applications and systems while Apama enables the company’s analysts to monitor, analyze, and act on fraudulent or abnormal behavior before any harm is done.
The Digital Business Platform powersmission-critical payment platforms for many global financial services institutions and supports innovative solutions like instant payments, blockchain, and digital real-time banks.
PayCommerce is the leading open cross-border payments network that enables both disbursements and acceptance transactions through a single point of connectivity for its members. The PayCommerce Network consists of a banking consortium of 85+ banks in 72+ countries. Network members include: banks, financial institutions, global corporates and alternate channel providers. PayCommerce customers include 7 of the top global banks; 11 of the top 50 U.S. banks; 14 Global Fortune 500® firms and 8 U.S. Fortune 500® companies. It is an open network where eligible institutions can join on a pay-as-you-go model. PayCommerce also has a Premier SWIFT Service Bureau; only one of twelve worldwide. As an industry advocate for the democratization of payments, PayCommerce is a member of the Federal Reserve’s Faster Payments Task Force.
About Software AG
The digital transformation is changing enterprise IT landscapes from inflexible application silos to modern software platform-driven IT architectures which deliver the openness, speed and agility needed to enable the digital real-time enterprise.
Software AG offers the first end-to-end Digital Business Platform, based on open standards, with integration, process management, in-memory data, adaptive application development, real-time analytics and enterprise architecture management as core building blocks. The modular platform allows users to develop the next generation of application systems to build their digital future, today.
With over 45 years of customer-centric innovation, Software AG is ranked as a leader in many innovative and digital technology categories. Software AG has more than 4,300 employees, is active in 70 countries and had revenues of €873 million in 2015.
Learn more at www.softwareag.com.
Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
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