HiFX Gains a Competitive Edge with Pervasive Software for Foreign Exchange Transfers
January 18 2012 - 8:00AM
Business Wire
Pervasive Software® Inc. (NASDAQ: PVSW), a global leader in
cloud-based and on-premises data innovation, today announced that
HiFX PLC, one of the U.K.'s international payments specialists, has
implemented Pervasive Data Integrator™.
Pervasive worked with HiFX to develop an integration solution
for the company’s in-house developed systems that has enhanced its
back-office business processes and the online international money
transfer services provided to its clients. Pervasive’s reliable and
rapid integration tools have allowed HiFX to routinely initiate
payments and secure transfers from their bank through to SWIFT, the
world’s largest payments/settlements network, for all domestic U.K.
and international trades, enabling a faster payment process.
HiFX now uses Pervasive Data Integrator to generate the commonly
used form of SWIFT payment messages – the SWIFT MT103. This is
achieved by transforming the native XML format payment messages
generated from the HiFX system platform onto IBM MQ secure message
queues that are used for SWIFT connectivity. The SWIFT payments
solution, developed similarly, integrates the notification of funds
received by HiFX from clients into the HiFX core systems.
HiFX also used Pervasive Data Integrator as the Extract,
Transform and Load (ETL) tool to migrate 60,000 client accounts
from the legacy SQL Server to a new back-end Oracle database. This
same integration capability now maintains ongoing synchronization
of the HiFX client data into the company SalesLogix CRM system.
“Pervasive prides itself on building and delivering reliable,
scalable and innovative data integration technology that can help
organizations like HiFX rapidly improve business processes and
better serve their customers,” said Lance Speck, general manager,
Pervasive Integration Products.
“Pervasive’s products, training and support exceeded our
expectations; the HiFX implementation of Pervasive Data Integrator
has reduced operational costs and indirectly helps to enhance the
client experience of using the HiFX online international money
transfer services,” said Stephen Blandford, HiFX IT project
manager.
Stephen Blandford will present more details on HiFX’s
implementation of Pervasive Software at Pervasive
IntegrationWorld-Europe, taking place on January 31, 2012 at the
Cumberland Hotel in London.
About HiFX PLC
Over a decade ago, HiFX’s founding partners realised that by
minimising unnecessary banking overheads and investing in
technology, they could offer both companies and private individuals
significantly better exchange rates and provide an exceptional
foreign exchange service with no hidden fees. Last year HiFX
advised and executed over £9 billion in foreign exchange and was
trusted by 40,000 private individuals and 2,000 corporate clients
in over 100 industry sectors. For more information, visit
www.hifx.co.uk.
About Pervasive Software
Pervasive is a global data innovation leader, delivering
software to manage, integrate and analyze data, in the cloud or
on-premises, throughout the entire data lifecycle. Pervasive
products deliver value to tens of thousands of customers worldwide,
often embedded within partners’ software, with breakthrough
performance, flexibility, reliability and return on investment. For
additional information, go to www.pervasive.com.
Cautionary Statement
This release may contain forward-looking statements, which
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. All forward-looking
statements included in this document are based upon information
available to Pervasive as of the date hereof, and Pervasive assumes
no obligation to update any such forward-looking statement.
All Pervasive brand and product names are trademarks or
registered trademarks of Pervasive Software Inc. in the United
States and other countries. All other marks are the property of
their respective owners.
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