VIENNA, AUSTRIA--(Marketwire - September 15, 2008) - Sibos 2008 Conference -- Sterling Commerce,
an AT&T Inc. (
NYSE:
T) subsidiary, today announced that it has been awarded
the
SWIFTReady
label for Financial EAI (enterprise application integration) for its
Sterling Multi-Enterprise Finance Gateway (MEFG) solution. This is the
third consecutive year
Sterling
Commerce has received this award, demonstrating the company's
commitment to supporting the security and reliability standards established
by SWIFT for the global financial services market.
SWIFT, a cooperative enterprise affiliated with the financial industry,
supplies standardized and secure messaging services to more than 8,400
financial institutions in 208 countries and territories. The award
evaluates products based on their ability to provide SWIFT users with the
technology and functionality required to fully integrate with the SWIFT
community.
"At SWIFT, we raise the bar on our evaluation criteria each year to ensure
that our users can be assured of improved service, greater return on
investment and increased access to the growing portfolio of SWIFT solutions
from our partners' products. Sterling Commerce continues to demonstrate
its commitment to the financial services community by incorporating new
features and technology to their Multi-Enterprise Finance Gateway
platform," said Eric Meirlaen, business analyst, SWIFT Partner management.
Recent growth in
transactions and payments volumes -- largely due to an increase in
corporate-to-bank connectivity and financial directives -- has created
increased complexity for banks and corporate organizations alike. In the
current economic environment, banks have to meet a tighter set of rules and
reporting requirements while reducing costs. This has led to increased
demand for a secure and reliable communications platform that can provide
financial data transmissions with increased
visibility, security and automation.
MEFG
meets this demand to process financial data traffic at reduced cost and
with consolidated control through its compliant business-to-business (B2B)
communications and financial transaction gateway, which can scale and grow
with the customer while delivering a high return on investment. Unlike the
platforms of other EAI providers, MEFG is also well-established in the
corporate world and enables both banks and corporations to automate data
compatibility across all major financial
standards and protocols while integrating all auditing and reporting
processes, both internally and outside the enterprise.
The solution enables comprehensive security and full visibility over the
very high volumes of data transfers that many SWIFT member organizations
execute each day, and it also supports connectivity to
Sterling
Collaboration Network (SCN) via its SWIFTNet Service Bureau. This
solution facilitates not only message format standards but also the secure,
reliable, global transport of data between SWIFT-member banks and their
corporate customers, and it provides SWIFT-member banks with direct access
to the 19,000-member SCN community.
"Year after year, we have demonstrated our commitment to simplifying
communications for banks and corporate organizations," said Jim Gahagan,
global industry executive, Financial Services for Sterling Commerce. "By
meeting the rigorous standards set by SWIFT for the third year running, we
continue to exceed our customers' requirements by enabling them to respond
to the challenges of frequently changing business demands and increased
regulatory compliance while retaining competitive differentiation in a
difficult economic climate."
In addition to SWIFT standards, MEFG-supported features include:
-- FileAct: Enhanced Header Support - Allows SWIFT to offer better
pricing granularity to its customers for file-based traffic, such as low
value payments
-- FileAct: "T" & "Y" copy support - Important for central institution
reporting
-- InterAct: Enhancements to traffic management, synchronization and
monitoring
-- SEPA routing directory support
-- SWIFTNet MT/MX message entry
-- "BIC+" & "IBAN" directory support - Automation/error correction
-- FpML 2.0 schema validation - Securities industry
Sterling Commerce is exhibiting the Multi-Enterprise Finance Gateway and
its broad portfolio of financial services solutions at stand C617, hall C
at Sibos 2008, from Sept. 15-19 in Vienna, Austria. To find out more about
Sterling Commerce activities, visit
www.sterlingcommerce.com/About/Events/.
About Sterling Commerce
Sterling Commerce, an AT&T Inc. (
NYSE:
T) company, helps customers thrive
in a global economy by connecting their business communities, processes,
people, and technology. More than 30,000 customers worldwide -- including
82 percent of the Fortune 500 -- use Sterling Commerce solutions for
business
process integration,
multi-channel
selling, and
supply chain
fulfillment to improve profitability inside and outside their company
walls. Headquartered in Columbus, Ohio, Sterling Commerce has offices in
19 countries and most major cities around the world. More information on
the company can be found at
www.sterlingcommerce.com.
Contact Information: For more information, contact:
Emily Hall
Sterling Commerce
614-790-8607
Jamie Leicht
Fleishman-Hillard
619-237-7711