News

eFunds delivers transaction-switching solution on Linux

November 27, 2005

SCOTTSDALE, Ariz. -eFunds Corp., a provider of risk management, electronic payments and global outsourcing solutions, announced in a news release its launch of a high-availability, low-cost transaction switching solution on the Linux operating system.

The new solution, IST/Switch for IBM Linux on Power Systems, is designed for mid-range payment-transaction switching. IST/Switch is part of the CONNEX Open Enterprise next-generation payments platform and is installed at more than 150 customer locations worldwide.

The solution infrastructure has been pre-tested in a variety of configurations with the eFunds IST/Switch product set designed to acquire, process, authorize, clear and settle credit/debit card payment transactions on an open platform. eFunds and IBM have collaborated to build and validate the new solution for IBM servers, storage and middleware.

It also runs on IBM AIX.

eFunds is marketing the solution as being ideal for small to midsized financial institutions, and merchant acquirers and ISOs interested in reducing maintenance costs associated with proprietary systems, as well as larger institutions interested in cost-conscious solutions that can support growth.