U.S. Software Partners with Hewlett-Packard to Expand Electronic Funds Transfer Solutions

Strategic Insights -

U.S. Software, a subsidiary of Transaction Systems Architects Inc., has announced a significant partnership with Hewlett-Packard Company to offer its TRANS24 family of electronic funds transfer (EFT) software on Hewlett-Packard's HP 9000 Series 800 Business Servers. This collaboration aims to provide financial institutions with high-performance, open-systems architecture solutions for EFT, debit, and credit processing, while minimizing the risks and additional costs associated with implementing new technologies. The TRANS24 software is already licensed for use with HP equipment by three major financial institutions in the Commonwealth of Independent States (CIS) in Russia, which will utilize it to drive ATMs and POS devices, as well as authorize and route transactions for both debit and credit cards.

Key Takeaways:

  • U.S. Software has partnered with Hewlett-Packard to offer its TRANS24 family of EFT software on HP's HP 9000 Series 800 Business Servers.
  • The collaboration aims to provide financial institutions with high-performance, open-systems architecture solutions for EFT, debit, and credit processing.
  • The TRANS24 software is licensed for use with HP equipment by three major financial institutions in the CIS in Russia for ATM, POS, and transaction processing.
  • The solutions can be scaled to almost any size, fitting into nearly every financial institution's programs for EFT or card processing solutions.
  • The TRANS24 software is available on various platforms, including IBM MVS systems, IBM VSE Systems, IBM RISC System/6000, and Stratus FTX systems.
  • Hewlett-Packard has 102,300 employees and had revenue of $31.5 billion in its 1995 fiscal year.
  • U.S. Software is a subsidiary of Transaction Systems Architects Inc. (Nasdaq: TSAI), which has products used in over 1,000 systems in 57 countries on six continents.

Statistics:

  • The HP 9000 Series 800 Business Servers offer a price/performance ratio that meets industry standards for interoperability, ease-of-use, and system reliability.
  • The TRANS24 software is available on HP's PA-RISC Developer Program, providing USSI with access to HP computer equipment, technical support, marketing opportunities, and up-to-date product information.
  • The HP 9000 Series 800 Business Servers have been designed to meet the needs of financial institutions for high-performance, secure, and reliable EFT solutions.
  • HP's PA-RISC Developer Program allows USSI to develop and test software on HP's computer equipment, ensuring seamless integration and optimal performance.
  • In 1995, HP had revenue of $31.5 billion and employed 102,300 people.

Sources:

  • U.S. Software, Inc. press release, December 4, 1995.
  • Hewlett-Packard Company, 1995 annual report.
  • Transaction Systems Architects Inc. (TSAI) press release, December 4, 1995.