Iliad Solutions assumes dominant position in testing for Faster Payments initiative

26 March 2007

Iliad Solutions, a leading supplier of advanced testing products and consultancy services for the card processing and payments industry, has taken a market leading position in the testing of Member Banks infrastructures in readiness for the UK Faster Payments initiative.

APACS recently announced that a new Faster Payments clearing and settlement service will be introduced in the UK to facilitate near real-time clearing of internet and telephone banking payments and standing orders for UK account customers. The scheme is scheduled to go live in November 2007.

Drawing upon Iliad’s ten year experience of testing payment systems the T3-FasTest product set has realised more than 50% penetration of Faster Payment Members and application developers only 12 weeks since the official launch of the product.

"Our clients have immediately recognised the ease of use and productivity improvements that can be gained by the deployment of our test products for both performance and functionality testing for their Faster Payment programmes.” Said Anthony Walton, Managing Director, Iliad Solutions.
“Using T3-FasTest, Member Banks can test all of their system components in a consistent way using a single product to perform all user and acceptance testing, including back end host banking platforms. T3-FasTest is backed by a hugely experienced professional services team which is working with Software Providers, Processors and Banks”.

T3-FasTest is a family of Faster Payments Testing components including CI functionality, CI performance testing and additional Bank Side functionality/performance testing tools that have been launched by Iliad to support the Faster Payments initiative.

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