VocaLink, which was created from the
merger of two UK payment processing companies in July, has
installed software to help it rationalise itsseparate transaction processing
networks.
The automated clearing house, created from the
merger of Voca and Link, runs two networks, one focused on
online automatic teller machine business and the other on large
clearing and settlement transactions.
VocaLink, which processes 8.5 billion transactions a year and
links 60,000 ATMs, plans to use Troux 7.0 software to look at ways
the networks could be used together.
Troux 7.0 collects technical information from across the IT
infrastructure. It will help VocaLink get the most out of its IT,
manage risk and support changes to its business, said Dominic
Flatley, enterprise architecture manager at the company.
VocaLink has used the software to replace several modelling
tools that were used to plan and manage its IT infrastructure.
"This has sustained us for some time, but the business and pace
of change has grown. We needed to define new ways of working to
enable us to more effectively meet these challenges," said Flatley.
"This service will help us detail what we currently have while
enabling us to use this information to help define and introduce
change."
Gareth Lodge, European payments analyst at research firm
TowerGroup, said the opportunities to rationalise were not obvious
because the two networks do different things. "However, when you
look at it from a more functional level, there are a lot more
similarities and many automated clearing houses run ATM and
clearing and settlement transactions on the same platform."