BT Infonet Extends SWIFT Secure IP Network Access to Financial Institutions in Remote Locations.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif. -- BT Infonet, a leading provider of global communications services for multinationals, today announced the availability of a new cost-effective, Internet-based SWIFT connectivity option for financial institutions in remote locations. Available today in 21 countries, BT Infonet's ISP-local loop (ISP-LL) service enables access to SWIFT's secure IP network by leveraging a local loop between a local Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and the nearest BT Infonet access point. 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. SWIFT, this option is particularly compelling for financial institutions in countries with limited SWIFT network access options, and can reduce total SWIFT connectivity costs by as much as 75 percent versus a private leased line A private communications channel leased from a common carrier. Most digital lines require four wires (two pairs) for full-duplex transmission. (communications, networking) leased line . With ISP-LL, BT Infonet manages the installation, on-site configuration and maintenance of the equipment and network based firewalls necessary for connectivity. The service is as secure as traditional SWIFT options because it shares the same SWIFT standard managed security components. More than 20 SWIFT customers took part in a recent trial of the ISP-LL service. According to Pierre Berne, IT department director, Banque Nationale Banque Nationale (French: "National bank") may refer to:
(2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. local loop option allows us to significantly reduce our telecom costs and has proved more reliable than the cross-border line we used before." Commented Jan Bolman, departmental head of ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. for the Centrale Bank van Suriname, "We were pleased to take part in the pilot program for ISP-LL. The set-up was relatively painless, with good support from SWIFT and BT Infonet. We're enjoying significant improvement in the stability of our SWIFT connection as a result." Said David Neal, vice president and global head of SWIFT for BT Infonet, "This is an exciting step ahead for both BT Infonet and SWIFT. We're now able to provide secure SWIFT services in markets like Haiti, Lebanon, Cameroon and Tahiti. Banks in these and other markets now have a very cost-effective option for accessing SWIFT. They can realize cost savings and improved performance, while our new access method helps the SWIFT community continue to grow into new parts of the world." ISP-LL is currently available in Tajikistan, St. Kitts and Nevis Noun 1. St. Kitts and Nevis - a country on several of the Leeward Islands; located to the east southeast of Puerto Rico; achieved independence from the United Kingdom in 1983 Federation of Saint Kitts and Nevis, Saint Christopher-Nevis, Saint Kitts and Nevis, St. , Barbados, Cameroon, Haiti, Mauritius, Surinam, Antigua, Oman UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. , Trinidad, Lebanon, Bahamas, Papua New Guinea Papua New Guinea (păp`  ə, –y , Tahiti, Rwanda, Nigeria, Bangladesh and Morocco. More information about the ISP-LL service is available at www.bt.infonet.com. About BT Infonet BT Infonet is a leading provider of managed network communications services for multinational entities, fully owned by BT Group and part of BT Global Services. BT Infonet offers integrated solutions optimizing the complex relationship between enterprise applications and the global network. BT Infonet provides local service support in over 70 countries and territories and its network is accessible from more than 180 countries. Additional information about BT Infonet is available at www.bt.infonet.com. About BT BT is one of the world's leading providers of communications solutions serving customers in Europe, the Americas and Asia Pacific. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. BT consists principally of three lines of business: --BT Retail, providing a comprehensive range of communications and related services to more than 20m UK consumers and businesses. --BT Wholesale, providing network services and solutions within the UK to more than 600 fixed and mobile operators and service providers including the provision of broadband and private circuits. --BT Global Services, providing networked IT services to meet the needs of multi-site organizations globally. BT Global Services operates in more than 130 countries and also offers international carrier services. In the year ended 31 March 2005, BT Group's turnover was 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. 18,623 million with profit before goodwill amortization, exceptional items and taxation of GBP 2,085 million. BT Group plc is listed on stock exchanges in London and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. For more information, visit www.bt.com/aboutbt |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion