Unisys Corporation announced a new Open Payments Platform to help banks transform their payment operations and more easily deliver new products in an ever-changing industry.

The Unisys Open Payments Platform enables banks to consolidate redundant payment functions to reduce infrastructure costs, better manage payments operations across multiple product lines, and adapt to changing regulatory requirements and market demands. The Open Payments Platform is based on a service oriented architecture (SOA) and takes advantage of the economies and efficiencies offered by open source software.

In developing the Open Payments Platform, which integrates technology from Unisys and leading industry partners, Unisys leverages its deep history in the payments industry and expertise in new SOA technology. The Open Payments Platform allows banks to transform their operations incrementally and efficiently, and moves their payments business from discrete back-office processes to integrated revenue streams that serve emerging client needs and can generate new income sources.

“By combining Unisys expertise in technology, systems integration and payments with other strategic partners in an open environment, we offer our clients a flexible road map to secure their payment business operations, and more easily adapt to changing market, regulatory, and technology challenges,” said Curt Girod, president of global financial services at Unisys. “We are committed to delivering agile solutions that not only improve banks’ payment businesses today, but also anticipate their needs of tomorrow.”

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