London, England, July 7th 2005 â Alaric Systems Limited today announced it has achieved industry-optimized status in IBMâs PartnerWorld Industry Networks. Alaric can now take advantage of IBM's sales, marketing and technical expertise to develop and deliver on-demand solutions that meet customer requirements in the global payments industry.
Alaric creates software to serve a blue-chip client base of banks, card processors and other financial institutions in the UK, Europe and the Americas. Key products include Authentic, which is a comprehensive card authorization, payment gateway and switching solution, and Sabre and Fractals, which offer card issuers and acquirers a choice of approaches to fraud prevention. Alaric and IBM have been working together to port these products to key technical environments including AIX and Linux on POWER5, Linux on IBM eServer xSeries and WebSphere MQ.
Written entirely in Java, Alaric products are fully scaleable and ideally suited to the on demand environment. Authentic can meet any card payments processing need, from the smallest to the largest issuer or acquirer. It delivers high availability, total flexibility in meeting new business requirements, and comprehensive user control of processing and risk management rules.
With Sabre, fraud and risk managers can respond instantly to shifting card fraud patterns by means of dynamic user rules. Little change is necessary to existing authorization systems; rules are created or modified in real time without disturbance to the operational authorization infrastructure.
Fractals provides a complete card fraud detection framework which, while powerful enough for the largest organizations and ideal for multi-bank environments, also puts custom fraud detection models within the reach of small to medium sized institutions.
Mike Alford, Alaricâs Managing Director, says, âBeing part of IBM PartnerWorld Industry Networks gives us the global reach that is essential in our market, and positions us strongly to make the functionality and resilience of our solutions available to the international payments industry. IBM PartnerWorld Industry Networksâ on-demand infrastructure allows banks to focus on their business, safe in the knowledge that their systems will keep up with their growth.â
"PartnerWorld Industry Networks is mobilizing thousands of ISVs, helping them to develop customized, industry solutions for customers," said Gabriel Tal, director of ISV & Developer Relations, IBM Europe, Middle East, Africa.
"Customers aren't seeking a one-size-fits-all solution -- they want tailored, industry-specific solutions that can help solve their business challenges. Through PartnerWorld Industry Networks, IBM is working closely with Alaric to deliver open and flexible solutions to match our customers'
The IBM PartnerWorld Industry Networks provide ISVs with comprehensive business insight, technical resources, networking opportunities, and marketing and sales support designed to help them reach more customers and close deals faster. Participants in the PartnerWorld Industry Networks can team with IBM to bring on demand solutions to market more easily and to ensure these solutions meet specific industry needs, reflecting how customers buy technology today. ISVs who have attained one or more Industry Optimized competences have successfully integrated with on demand IBM infrastructure software and hardware and demonstrated success with customers in the industries they note.