Tieto has successfully completed the performance and feasibility testing of its payment card solution on the IBM Power platform. The tests were conducted to verify the capability of the solution in processing large transaction volumes on the IBM System p platform. These tests are an answer to the interest financial players with high transaction volumes has shown in Tieto's card solutions.
The tests demonstrated that the Card Suite can handle 100 million cards, 100,000 active merchants and 25,000 ATMs on a single platform with a performance of up to 2200 transactions per second. The results show that the Tieto Card Suite can be deployed in very high performance environments.
In cooperation with IBM, Tieto engineers ran a series of complete transaction cycle tests on different configurations to verify the high performance on IBM pSeries machines and the AIX operating system platform. The tests show that the Tieto Card Suite and IBM pSeries platform can give major issuers, acquirers and processors of payment cards considerably lower costs per transaction than with currently used legacy platforms for card processing.
Tieto is an IBM Business Partner and has been cooperating with IBM on developing card solutions for more than 10 years. The tests of the Tieto Card Suite on the IBM Power platform have shown that it is ideally suited for large volume transaction data processing in a secure and redundant environment. Card Suite can be offered to large financial institutions - banks and card processing centers - as a stable platform for developing and maintaining their card business, as it helps speed up transactions and optimize costs, and considerably cuts the time-to-market for card products.
Maris Ozolins, Director of Cards at Tieto Financial Services, says: "We are extremely satisfied with the test results and the cooperation and support we received from IBM in this matter. Our goal is now to raise our market share among major western European banks by offering them a highly cost efficient solution for their payment card processes on a stable hardware platform."
"The relationship with IBM enables us to consistently exceed our customers' expectations by providing them with effective, innovative solutions. This opens up new business opportunities for Tieto, IBM and our customers," says Jari Myllylahti, Worldwide IBM Alliance Manager at Tieto.