May 2, 2012

Logica introduces all payments solution

May 2, 2012 -- Logica, a technology and business consulting firm, has made its Logica All Payments Solution (LAPS) for the ACH payments market available in North America. LAPS is a scalable payment services hub for financial institutions which manages all payment types.

LAPS is a channel independent hub engine. It handles high care payments as well as the three types of high volume payments: batch, near real-time and real-time. The intuitive workflow is quickly configured to accommodate market changes, and LAPS is easily integrated with other solutions for full transparency across operations.

“North American financial institutions are looking toward the future for faster payments and need a product that can work with legacy systems now and prepare them for what is coming next.  LAPS does that,” says John Farrell, senior vice president, Logica Financial Services.

LAPS is equipped with built-in payment processing features including watch-list filtering, liquidity management, and financial messaging. It offers clients the ability to make rapid, independent changes in a controlled environment.

As a modular solution, LAPS responds to specific business needs with multiple migration options — from rapid deployment to a full payments process transformation.



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