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SOA World Editorial: Defining Terms
It seems like not a day goes by lately in which some new story of malfeasance in office doesn't come out - whether it's lying under oath, using the services of a call girl, or spying on other officials in the government in order to further a personal agenda. Clearly, our elected officials don't have
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VocaLink Selects IONA's SOA Infrastructure Suite to Support Euro Payment Services
IONA Helps VocaLink to Reduce Costs and Complexity for Customers Migrating to SEPA Payment Processing Standards

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IONA announced that VocaLink has selected IONA Artix Data Services as a component of VocaLink’s Euro Payment Service for its pan-European and global customers. VocaLink provides its customers with the facility to translate legacy format payments into a SEPA compliant format, using Artix Data Services, minimizing the impact of SEPA compliance for customers.

Artix Data Services will help VocaLink to offer banks a set of cost effective payments modernization solutions to support legacy payments standards and the new SEPA standards. The Single Euro Payments Area (SEPA) which came into effect on 28 January harmonized the payment systems between countries in Europe, to make payments across national boundaries as easy as payments within those borders. During the SEPA migration phase the banking industry has to support existing legacy domestic payment message types, new SEPA message types and SWIFT message types for international transactions.

Nick Masterson-Jones, Director of IT at VocaLink said: “Our customers in the global banking community require a payments processing service that can help them reduce the complexity and cost of compliance with new SEPA standards while at the same time supporting existing payment standards for domestic and international transactions.” Masterson-Jones continues, “We evaluated a number of options on the market and selected IONA’s Artix Data Services as a key part of our technology stack having been impressed with the depth of the product and the support offered. Artix provides us with a fast and cost effective solution as part of our message reformatting service.”

Artix is IONA’s advanced SOA infrastructure suite which offers an alternative to the proprietary and centralized based approach of other integration vendors. Artix Data Services is an open and standards-based development tool for model-driven data integration. Pre-built standards libraries provide the broadest support for financial services standards, message types and validation rules, including SWIFT, SEPA, FpML, TWIST, ISO 20022, CREST and FIX, with the ability to model and specialize any data format for complete compliance. By providing a data modeling and semantic validation product with pre-built data models, customers can reduce development time and costs associated with maintaining multiple financial messaging standards.

“Migration to SEPA is probably the single biggest challenge and opportunity facing financial institutions operating within the Eurozone area,” said Peter Zotto, CEO, IONA Technologies. “The challenge of supporting multiple legacy and new payment processing standards without compromising performance or incurring additional internal development costs is significant. Customers such as VocaLink need solutions that not only offer the broadest support for industry standards, optimum performance but also reliable solutions that reduce risk exposure in financial markets. We’re pleased to be recognized by VocaLink as a leader in this area and look forward to supporting their customers to meet their SEPA compliance requirements.”

About SOA World Magazine News Desk
SOA World Magazine News Desk (formerly Web Services Journal) trawls the world of distributed computing and SOA-related developments for the latest word on technologies, standards, products, and services and brings key information to you in a timely and convenient summary form.

SOA WORLD LATEST STORIES
A Little SOA Goes A Long Way
Many organizations make the faulty assumption that SOA is a panacea that can, and should be, applied to every situation. The reality is that service orientation is not the right answer for every scenario. The expense of service orientation cannot always be recouped and, in some cases,
More on the Software Assembly Question - Do Design Patterns Help?
One aspect of the debate over software productivity and assembly is whether or not visual tools can help. I think that they do - visual abstractions can be very meaningful - but I do not know of any visual system that actually solves the complete problem (i.e none have solved the custo
AMD Whistles Up New Champions To Slay its Dragons
AMD has kissed Mario Rivas good-bye and turned processor development over to Randy Allan, the head of its star-crossed server and workstation business, reporting to president and COO Dirk Meyer. Allan is now the new head of AMD's Computing Solutions Group, responsible for the bulk of t
Open Source Penetration and Use in SOA Deployments
Open source has made significant inroads into middleware deployments in the enterprise. More and more, open source is being used to deliver the benefits of SOA and open source to the enterprise. There are many custom Enterprise Service Bus deployments waiting to be upgraded to a simple
Growing an SOA Garden
Adopting SOA is a lot like gardening. It takes time, skill, a lot of hard work, and the process can be messy and even a bit frustrating at times. I know you've probably heard tons of different analogies that attempt to put SOA and governance into everyday terms and I'm sure that growin
Data Services Modeling: Data Modeling in the SOA Age
Once upon a time data modeling played a central role in the process of developing applications. Thus far in the SOA era, there has been a heavy emphasis on process, and data has all-too-often been lost in the SOA shuffle. In this talk, we present a data model for SOA - i.e., a service-
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