Press Release: 29 July 2008

HP and Opus to Provide Integrated Payment Solution for 24/7 Business Operations

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HP and Opus Software Solutions today announced an integrated payments solution to help financial institutions minimize operational costs and risks of real-time transactions.


The collaboration combines the availability and scalability of HP servers with Opus' proven electronic payments platform by porting Opus' Electra™ EFT Switch on HP Integrity NonStop servers. The open architecture of HP Integrity NonStop servers will allow the Electra EFT Switch, Opus' integrated payments solution, to authenticate and route financial transactions from multiple channels including ATMs, POS systems, web services and mobile devices.


Businesses with disparate or legacy systems can upgrade to this integrated payments platform to improve cost efficiency, scalability, security and data integrity.


"Companies whose payment applications are the lifeblood of their operations can greatly minimize business risk by leveraging HP NonStop technology," said Herbert Zwenger, vice president and general manager, Business Critical Systems, HP Asia Pacific and Japan.


"HP's NonStop platform supports the majority of ATM and credit card transactions globally. Together with Opus, we deliver a robust infrastructure that is ideally suited for the financial services industry."


HP Integrity NonStop servers, including the new HP Integrity NonStop BladeSystem, power the world's largest stock exchanges and run payments infrastructure at more than 550 leading banking and financial institutions worldwide, with more than 120 in the Asia Pacific region. Eight out of 10 top banks in India, the South Pacific and South East Asia run on NonStop platforms, as do leading stock exchanges in China, India, Taiwan, Hong Kong, Malaysia and Bangladesh.


"HP has the industry expertise to offer the best-in-class solutions and services needed to help financial institutions deliver competitive, industry-leading products and services, and Opus has the track record of deploying state-of-the-art software systems for managing credit and payments at more than 150 customers worldwide," said Ramesh Mengawade, chief executive officer, Opus Software Solutions. "Our joint initiative provides customers with more choices to reach out to the growing payments markets and address high performance, change management friendly and cost efficiency challenges of the marketplace."


The Electra suite of software is functionally rich and offers customers the flexibility to tailor it to meet their unique requirements. The Electra integrated platform currently processes transactions across key payments channels in many countries. It interfaces with various back-end host systems (centralized and distributed) and international payments networks such as Visa, MasterCard and American Express for transaction authorization.


"Electra Switches running on HP platforms are recognized in the industry for continuous availability and reliable performance," said Krishna Kumar, chief executive officer of C-EDGE, a joint venture between Tata Consultancy Services Ltd. and State Bank of India. "The porting of the Electra EFT Switch on HP Nonstop Servers will be a great technological advantage for customers preferring superior electronic payment capabilities to support their next-generation transaction environments."



About Opus Software Solutions


Opus Software Solutions was founded in 1997 with a focused mission to provide world-class services and technologies to the credit and payments industry worldwide. Opus is one of the oldest payments systems organizations in India with deep domain knowledge, extensive global experience and core competence in designing, building and maintaining software for the payments industry.


ElectraCard Services (ECS), a wholly owned subsidiary of Opus, provides global institutions with card processing solutions and services tailor-made to suit individual market requirements. The Electra Suite comprises solutions for credit cards, switches, debit cards and e-commerce transactions. ECS is a Visa- and MasterCard-certified third-party processor and complies with the PCI-DSS standards.



About HP


HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling US$110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP (NYSE: HPQ) is available at www.hp.com.hk.


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About HP Inc.

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© 2016 HP Inc. The information contained herein is subject to change without notice. The only warranties for HP Inc. products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP Inc. shall not be liable for technical or editorial errors or omissions contained herein.