Distra operates at the heart of payments transformation globally. Formed in 1999, Distra is an Australian software company specializing in the development of high performance, high availability payments applications. Distra's enterprise class products are designed for use by financial institutions, payments processors and other institutions operating in the payments chain. Distra's solutions enable organisations to quickly address cost, regulatory and competitive challenges, with minimum risk and maximum reliability. Used by some of the world's leading financial institutions, Distra delivers solutions that enable consolidation, facilitate convergence and real time payments, and provide the agility to adopt new business models. Proven to meet the needs of today, but architected for tomorrow, Distra's solutions uniquely incorporate tier one performance and availability, while remaining accessible for organisations of all sizes and budgets. Distra's clients include some of the world's leading payments processors.

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Whitepaper: U.S. Real-Time Settlements: Why the Delay?

by DistraJun 02, 2010

A defining characteristic of 21st century society has been our obsession with speed. Delivering goods, information, and services faster has preoccupied businesses of all kinds, giving us exponentially faster Internet services and news updates delivered to our mobile phones. So it�s hard to see what�s delaying across-the-board adoption of real-time payments settling. It�s widely acknowledged that faster payments are advantageous for all parties involved: banks have greater insight into liquidity movement and corporates have faster access to their funds. But existing payments systems generally work as they should, so why change what is not broken? Yet, if real-time settlement benefits everyone, why have financial organizations been so slow to move in this direction? Certain myths or perceived barriers to adoption still hold some companies back. Whether it�s the fear of increased fraud or the cost of making a change � but in reality, the biggest barrier to real-time settlement is reluctance to embrace a different way of working. The old business models built around batch processes need to change. And what better time than now, when the global financial crisis is forcing firms to re-examine every element of their business. The opportunity for banks to offer a better, faster settlement service to their customers -- and cut costs at the same time -� is there, but only for those ready to try something new and work together with other stakeholder firms.