To: SpyMaster who wrote (7 ) 2/18/1998 8:42:00 PM From: sPD Read Replies (2) | Respond to of 1341
Cheque clearing for British banks (from Feb. 11) MPACT Immedia and Logica team up to supply British banks with high-volume cheque-clearing system MessageWay is the core of a massive messaging operation Montreal, February 11, 1998 - Bankers Automated Clearing Services (BACS) in Britain has chosen MPACT Immedia and Logica, the leading independent systems integration and software company in Europe, to supply an Electronic Commerce messaging solution to the world's largest and most successful financial clearing house. BACS Ltd is owned by all the major banks and building societies in the UK. It selected MPACT Immedia's MessageWayr to act as a central messaging, file transfer and EDI translation facility for the massive clearing organization. Logica installed and tested the system in London. After a six week 'proof of concept' pilot run by Logica, BACS was convinced that MessageWay could provide the cornerstone of the technical infrastructure on which to develop new products and services to fulfill BACS' objective to enhance the service it provides to the British banking industry. "Logica was able to demonstrate quite conclusively that MPACT Immedia's MessageWay was not only the 'best of breed' product for our purposes but that it could provide a flexible, cost-effective solution for our development plan," said Anthony Hughes, BACS Business Development Director. "Within weeks, MessageWay was proving that its integrated message communication, translation and powerful management facilities were capable of providing the architectural base on which to develop our new products. Following on from this, we are now planning to develop further services for our member banks and building societies by summer 1998." Ron Daniels, Director of Logica's Cross Sector Products Division, commenting on the BACS installation, said: "MessageWay is a proven electronic delivery channel with rock solid communications which is why it works in a wide range of different industry sectors. Logica already has major MessageWay clients in the finance, automotive, telecommunications, manufacturing and distribution sectors." Brian Edwards, President and CEO of MPACT Immedia, added that the BACS project was another breakthrough in the British banking industry. "It is a major accomplishment to partner with Logica and BACS on this communications project," said Edwards. "Both those firms are recognized leaders in the Electronic Commerce industry and this use of our MessageWay system puts us on the cutting edge of financial-transaction technology. The potential to extend the product's reach across Europe is excellent." MessageWay is designed by MPACT Immedia Systems of Livonia, Mich., and is distributed internationally by Logica. MessageWay customers in the UK include Barclays Bank, The Post Office, British Aerospace, Dell Computers, Citibank and Rover Motor Company. The product provides integrated message communication, translation and powerful management facilities for bulk file and message based services, with a pedigree in cross-border, low value, high volume payments collections. It provides automated management of the entire communications process to minimize costs and human error and is a proven solution which can be delivered quickly at low risk and at low cost. Founded in 1969, Logica 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, industry, government, defence, transport and space. Logica has 5,500 staff in 22 countries world-wide and has completed 15,000 projects in more than 60 countries. MPACT Immedia Corporation, a worldwide leader in Electronic Commerce, offers both EDI Commerce and Internet Commerce products and services through its offices in Montreal, Livonia (Michigan), and Toronto. By marketing with strategic partners, MPACT Immedia has developed a client list of many of the Fortune 1000 companies including such global giants as Royal Bank of Canada, Bank of America, Mercedes-Benz and Bell Atlantic. Its advanced-technology EC solutions enable organizations to better compete in the global marketplace.