Infrastructure
News
3/22/2004
03:22 PM
Connect Directly
RSS
E-Mail
50%
50%

Money Systems Melded

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.

Comment  | 
Print  | 
More Insights
2014 Next-Gen WAN Survey
2014 Next-Gen WAN Survey
While 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.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest - July 22, 2014
Sophisticated attacks demand real-time risk management and continuous monitoring. Here's how federal agencies are meeting that challenge.
Flash Poll
Video
Slideshows
Twitter Feed
InformationWeek Radio
Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.