Electronic Payments Network, which switches low-value payments such as direct payroll deposits between banks, has built a link to SwiftNet, an IP-based network being implemented by banks around the world for high-value, interbank transactions. Barry Tebbutt, head of worldwide operations and technology at Northern Trust, which has $1.6 trillion in assets under administration, says the link lets the bank piggyback low-value transactions over the telecommunications line it uses for high-value transactions, eliminating the need for a separate line.
2014 Next-Gen WAN SurveyWhile 68% say demand for WAN bandwidth will increase, just 15% are in the process of bringing new services or more capacity online now. For 26%, cost is the problem. Enter vendors from Aryaka to Cisco to Pertino, all looking to use cloud to transform how IT delivers wide-area connectivity.
The UC Infrastructure TrapWorries about subpar networks tanking unified communications programs could be valid: Thirty-one percent of respondents have rolled capabilities out to less than 10% of users vs. 21% delivering UC to 76% or more. Is low uptake a result of strained infrastructures delivering poor performance?
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