Deliver Your News to the World

Accenture and SAP Payment Platform Excels in Performance Benchmark


WEBWIRE

Platform Processes 55.9 Million Payment Transactions in Five Hours, 21 Minutes

BOSTON, Mass. — To help banks lower the overall cost of payment processing and comply with SEPA regulation, Accenture (NYSE: ACN) and SAP (NYSE: SAP) today announced that SAP Payment Engine, the payment operations platform co-developed by SAP and Accenture, has successfully passed a performance benchmark test. The test showed that the platform can process half the trading volume of Europe’s largest payment market in less than five-and-a-half hours. The announcement was made at Sibos, the world’s premier financial services event, being held in Boston, October 1-5.

The test covered the end-to-end payment process, including payment receipt, authorization, upload, validation, limit check, routing, payment clearing, bulking of outgoing payments and real-time posting of resulting booking entries such as customer account, clearing account and suspense account entries.

The performance benchmark, which used a production transaction mix of an actual tier 1 retail bank, indicated a processing throughput of 55.9 million payment transactions in five hours and 21 minutes, with an average of 173,870 transactions per minute. The total volume of the German market, the largest payment market in Europe, is approximately 110 million transactions per day.

“To meet the requirements of the Single Euro Payments Area regulation, banks need a payment solution capable of quickly processing large transaction volumes from various sources across the enterprise,” said Eckehard Stolz, a senior executive in Accenture’s Financial Services practice. “The performance benchmark confirmed our belief that SAP Payment Engine can handle the growing transaction volumes expected from the SEPA regulation and serve as the central hub of all payment activities, enabling banks to create a common, cross-enterprise payment IT infrastructure necessary for SEPA.”

“Because it is scalable and flexible, SAP Payment Engine was developed to help banks achieve significant cost savings, improved service and operational efficiency,” said Marc Derungs, vice president banking, SAP AG. “And because SAP Payment Engine is multibank- and multichannel-enabled, it supports insourcing business models that allow banks and service providers to offer payment processing to various in-house entities and also offer white-labeled services to other banks, bringing additional volume to the hub.”

The goal of the performance benchmark was to verify the scalability and the overall throughput of SAP Payment Engine in a production-sized environment. The benchmark was based on middleware server and was sized to meet the requirements of a large IT center of a tier 1 retail bank.



WebWireID49548





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.