SOURCE: Logica North America Inc.

Logica North America Inc.

May 02, 2012 10:58 ET

Logica Announces New All Payments Solution to Support Both Current and Changing Market Demands for Payments

LAPS Provides a Scalable and Flexible Payment Hub to Deliver "Future-Proof Payments"

WALTHAM, MA--(Marketwire - May 2, 2012) - Logica (LSE: LOG), a leading technology and business consulting firm, today announces the first North American availability of its Logica All Payments Solution (LAPS) for the ACH payments market. LAPS is a scalable payment services hub for financial institutions that manage all payment types. As NACHA has recently reported, ACH payment volume is increasing markedly, the flexibility of LAPS allows institutions to keep up with the ever growing volumes and still deliver a client-centric, legacy-adaptable and future-proof solution for banks and financial institutions of all sizes.

The scalable, modular structure of LAPS allows clients to fulfill current needs while they reap returns from each step of the payments transformation. 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 backed by four decades of global, industry experience. That global experience allows us to provide solutions for current needs and help the North American market respond and answer to the demand for faster, more flexible payment solutions. We call it 'future-proof payments'."

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. And LAPS is delivered with Logica's expertise in professional services.

As a modular solution, LAPS responds to specific business needs with multiple migration options -- from rapid deployment to a full payments process transformation. The primary LAPS modules are:

  • Logica All Payment Solution (LAPS): supports both high-value and high-volume batch-based transactions with minimal manual intervention
  • LAPS Liquidity Manager: enables real-time liquidity scheduling, control of payment flows, and oversight vital in today's regulatory environment
  • LAPS Financial Messaging: provides efficient financial messaging based on open standards
  • Logica CLS Manager: provides secure automation of CLS daily operations and complete third-party support service
  • HotScan Plus: scrutinizes domestic and cross-border transactions in real time
  • LAPS Business Activity Monitor: provides a consolidated operational and business view of LAPS core payments processing functions.

For additional information on the LAPS product, contact us at USinquiry@logica.com. Specific product information can be found here. Connect with Logica on Facebook and Twitter.

About Logica
Logica is a business and technology service company, employing 41,000 people. It provides business consulting, systems integration and outsourcing to clients around the world, including many of Europe's largest businesses. Logica creates value for clients by successfully integrating people, business and technology. It is committed to long term collaboration, applying insight to create innovative answers to clients' business needs.

Contact Information

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    Stephanie Fulton
    Logica
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