BBS/Bank-Axept signs agreement with MPACT Immedia.LIVONIA, Mich.--(BUSINESS WIRE)--Oct. 15, 1996-- Edikit translator meets high volume demand requirements MPACT MPACT Mississippi Prepaid Affordable College Tuition Plan Immedia Corporation, a worldwide leader in Electronic Commerce, today announced that its MessageWay(R) and Edikit(TM) software have been selected by BBS/Bank-Axept of Norway for an interbank in·ter·bank adj. Relating to, involving, or connecting two or more banks: interbank borrowing; an interbank network of automated teller machines. clearing project. Delivery and integration of the software will be managed by Logica Svenska, MPACT Immedia's partner in Scandinavia. BBS/Bank-Axept, the national clearinghouse for Norwegian banks, is in the center of a nation-wide initiative to convert the existing interbank clearing application to the public standard EDIFACT (Electronic Data Interchange For Administration Commerce and Transport) An ISO standard for electronic data interchange (EDI) that was proposed to supersede both X12 and TRADACOMS as the worldwide standard. See EDI. FINPAY message format. Due to the volume of messages handled by the current system, introducing a new processing step posed a potential threat to the clearing window. "The BBS/Bank-Axept window for turning around clearings is 30 minutes and the volumes are quite large," said Anders Waldner of Logica Svenska. "What they required was a system that can manage the incremental processes of EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. translation and document routing for hundreds of thousands of payments, but consume only a fraction of the window." The solution proposed by Logica included MessageWay and Edikit, electronic commerce software products from MPACT Immedia, and a suite of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to customize and install the package to BBS/Bank-Axept's specific requirements. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Greg Faubert, MPACT Immedia's vice president of sales, "MessageWay is uniquely suited to these kinds of applications. Its EDI translation component, Edikit, is the fastest translator available, on a characters-per-second basis. And because it runs on a Tandem(R) platform, MessageWay can maintain feeds to multiple Edikit servers and achieve linear throughput gains." Faubert went on to point out that information distribution also played a key role in the decision. "High-speed translation was a critical consideration for them, but it was equally important to provide timely delivery to their applications. Fast and flexible information distribution is MessageWay's core strength." Logica expects to begin work on the implementation immediately. "The sheer volumes to be processed make this a breakthrough application for public standard EDI," said Faubert. "We're working closely with BBS/Bank-Axept and Logica to insure the project is successful." MPACT Immedia provides leading enterprises world-wide with comprehensive electronic commerce software and value-added network A communications network that provides services beyond normal transmission, such as automatic error detection and correction, protocol conversion and message storing and forwarding. Telenet and Tymnet are examples of value-added networks. services. Each is designed to help organizations move from paper- based invoices, payments, and correspondence to electronic transactions that provide greater efficiencies and a sharper competitive edge in the emerging information economy. MPACT Immedia Corporation is headquartered in Montreal. It offers services through its three operating subsidiaries, MPACT Immedia Inc. in Montreal, MPACT Immedia Systems, Inc. in Livonia, Michigan Livonia is a city located in the northwest part of Wayne County in the U.S. state of Michigan. As of the 2000 census, the city had a total population of 100,545, making it the eighth largest in the state. , ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. Wire Service in Toronto, along with business partners around the world. Visit MPACT Immedia at www.mpactimmedia.com. Founded in 1969, Lociga plc is a leading international computer consultancy, systems integration and software company. Logica's clients operate across diverse markets including finance, telecommunications, energy and utilities, computing and electronics, transport, space, defense, government and industry. Logica's 3,900 staff across 18 countries have completed projects in over 50 countries worldwide. For the financial year ending June 30, 1996, Logica achieved profits of 24.7 million GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. on a turnover of 284.8 million GBP. BBS/Bank-Axept, with 550 employees and an annual turnover of over one billion Norwegian kroner, is one of Norway's largest IT-based companies. As a leading supplier and operator within the area of payment and information exchange the organization also occupies a central position within the Norwegian banking community. The organization is jointly owned by Norwegian commercial and savings banks. -0- Note to editors: MessageWay and Edikit are trademarks of MPACT Immedia Corporation. Tandem is a trademark of Tandem Computers (company) Tandem Computers - A US computer manufacturer. Quarterly sales $544M, profits $49M (Aug 1994). Inc. CONTACT: MPACT Immedia Corporation Barry V. Engel, 514/397-9747 |
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