STERLING COMMERCE ADDS GLOBAL E-PAYMENT SPECIALIST TO ITS IMPRESSIVE FINANCIAL SERVICES PORTFOLIO

Secure, flexible, Web-based integration solution sharpens PBS’ competitive edge

London, April 21, 2004 -- Sterling Commerce, a leading provider of business integration solutions, has added PBS, a global IT company specializing in electronic payment processing, to its growing list of Connect® customers. PBS takes advantage of the secure and flexible environment provided by Sterling Commerce’s Connect:Enterprise to manage its data transfers across the Internet with customers of all sizes.

Based in Denmark, PBS develops and optimizes networks for electronic payment systems. The company processes high volumes of payments from direct debit to salary files, and every minute of the day electronic transactions worth several hundred thousand dollars pass through the PBS systems. The company also acts as a processing centre for Danish banks and provides payment services for issuers and users of VISA and MasterCard.

PBS originally used its own proprietary communications infrastructure, General Transport (GT), to process and transfer its business and consumer payments electronically using x.25 and x.400 protocols. As the business community’s faith in the security of the Internet has increased, so too has the demand by PBS’ customers for a Web-based system that would allow them to send and receive data via the Internet at reduced costs.

PBS needed a Web-based solution that required minimal manual intervention, so the company approached Sterling Commerce about its Connect portfolio of solutions.

Connect:Enterprise from Sterling Commerce provides a scalable, easy-to-use and highly secure way of exchanging important data and files, such as payments and salary files, between PBS and its customers via the Internet. The end-to-end capabilities of Connect:Enterprise means that PBS can seamlessly integrate with the back-end systems of its banking partners without the massive development costs that would have been necessary to extensively adapt its existing GT system.

"PBS handles vast amounts of transactions and enormous sums of money on a daily basis so our highest priority is security," said Bent Overgaard Johansen, Head of Department – New Business Areas at PBS. "Connect:Enterprise allows us to meet our customers’ demands for a safe, automated method of sharing various file types across the Internet. In addition, we were looking for a solution that can expand in accordance to our needs ensured by its flexibility, stability and interoperability. In those aspects we have a high degree of confidence in Connect:Enterprise."

Connect:Enterprise enables PBS to offer its customers a range of Internet connection methods based on company need including HTTP/S, S/FTP, and Connect:Direct Satellite. For PBS’ enterprise customers that already have Connect:Direct installed, Connect:Direct can be used.

"Sterling Commerce is a formidable force in the financial services sector, and this latest contract win further strengthens our position," said Roy Lee, Vice President Marketing at Sterling Commerce EMEA. Sterling Commerce currently provides solutions to every major bank listed in Financial Times’ Top 500 companies and 80 percent of the largest international banks across EMEA. Its notable line-up of leading European banks, clearing houses and financial services companies include international banking giant BNP Paribas, European Clearing House, Bankenes Betalings Sentral AS (BBS), Credit Agricole, Barclays, Lloyds TSB Bank and Royal Bank of Scotland.

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