SYSTAR 
By Saint Cloud, France and Vienna, VA, September 16, 2013 - Systar (ISSN: FR0000052854-SAR), a leading provider of Operational Intelligence Software, today announced that The Clearing House is now using Systar in production to proactively monitor payments activity across its core systems.
The Clearing House clears and settles nearly $2 trillion each day, representing nearly half the U.S. volume in funds transfer (CHIPS), ACH and check image payments. Financial institutions in the U.S. and around the world rely on The Clearing House for safe, sound and reliable payments.
"Systar is pleased to count The Clearing House as one of its clearing and settlement customers," said John
Lopynski, Vice President of Business Development at Systar.
The Clearing House chose Systar to provide a consolidated, real-time, end-to-end view of all payments activity and to proactively alert the business if payment activity is not normal.
"Systar improves our view across our payment systems and helps us identify potential processing issues early," said Al Wood, Executive Vice President of Technology and Operations at The Clearing House. "Using Systar has improved our efficiency and reduced operational risk."
The Systar solution has been in place since January. "We are very satisfied with the results," said John Dunn, Vice President of Operations at The Clearing House. "As we become more proficient with the platform, we see additional ways it can be used to gain insights and enhance our monitoring processes."
The Systar solutions will be demonstrated at Sibos in Dubai September 16 - 20, 2013.
About The Clearing House:
Established in 1853, The Clearing House is the oldest banking association and payments company in the United
States. It is owned by the world's largest commercial banks, which collectively employ over 2 million people and hold more than half of all U.S. deposits. The Clearing House Association is a nonpartisan advocacy organization
representing-through regulatory comment letters, amicus briefs and white papers-the interests of its owner
banks on a variety of important banking issues. The Clearing House Payments Company provides payment clearing, and settlement services to its member banks and other financial institutions, clearing almost $2 trillion daily and representing nearly half of the automated clearing house, funds transfer, and check image payments made in the U.S. www.theclearinghouse.org.
About Systar:
Over 180 clients worldwide, including 10 of the world's 15 largest banks, rely on Systar's performance
management software to transform their business and IT operations from reactive to proactive, solving problems prior to impacting the business. Systar is widely regarded as the leading provider of Business Activity Monitoring (BAM) solutions and offers innovative Virtualization Management and IT Governance software for physical and virtual server environments. Systar is listed on the NYSE Euronext Paris Stock Exchange (ISIN: FR0000052854- SAR), and has offices in North America and Europe. More information about Systar is available at www.systar.com.
Sophie Saltiel
Marketing & Communication Director
+33 1 49 11 45 44
|
distributed by
|
