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Banking industry

Informix and HP Partner to Develop Electronic Federal Tax Payment System

Strategic Insights

— 1 min read

Informix Software, Inc., a leading provider of data warehousing and parallel processing database technology, has announced a partnership with Hewlett-Packard Company to provide the platform for the development of the U.S. government's Electronic Federal Tax Payment System (EFTPS). First Chicago/Mercantile Services LLC, a joint venture subsidiary of The First National Bank of Chicago and Mercantile Bank of St. Louis, has selected Informix and HP to deliver the system, which will enable the government to handle tax payments and taxpayer information electronically.

Key Takeaways:

  • Informix and HP have partnered to develop the Electronic Federal Tax Payment System (EFTPS) for the U.S. government, with First Chicago/Mercantile Services LLC as the financial agent.
  • The system will use Informix's relational database management system (RDBMS) and data warehouse, INFORMIX-OnLine Dynamic Server, and HP's symmetric multiprocessing platform, the HP 9000 family of PA-RISC-based business servers.
  • The system will process over 1 million taxpayers electronically by 1997 and most tax-paying entities, both corporate and individual, will file tax payments electronically by the turn of the century.
  • A separate Informix database will be established by First Chicago for customer service applications, such as operational statistics, investigations, and inquiries.
  • The system has been designed to handle large volumes of data, replicate data over a wide area network, perform large queries in batch and online, make online adjustments (dynamic tuning), and optimize HP CPU resources.
  • Informix's INFORMIX-OnLine Dynamic Server was chosen for its advanced technology and overall superiority in benchmark tests, with the ability to handle volume without sacrificing speed.

Statistics:

  • Over 1 million taxpayers will be required to pay their taxes electronically by 1997.
  • The number of electronic taxpayers is expected to increase each year.
  • Most tax-paying entities, both corporate and individual, will file tax payments electronically by the turn of the century.
  • The system will process over four million payments in eight minutes with INFORMIX-OnLine Dynamic Server.
  • Informix and HP technology will drive First Chicago's client/server information system, enabling the government to handle tax payments and taxpayer information electronically.

Sources:

  • Business Wire, "Informix Software, Inc. Announces Partnership with First Chicago/Mercantile Services, LLC to Develop Electronic Federal Tax Payment System," August 8, 1995.
  • Informix Software, "INFORMIX-OnLine Dynamic Server,".
  • Hewlett-Packard Company, "HP 9000 business servers,".

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