Each month, z/Action! meets some of the world's most innovative companies as they share how they're expanding horizons and driving success with IBM Z. This month we welcome PPI AG, which specializes in software products and payments consulting. PPI AG is a market leader for payments solutions. Joining us are Thorsten Völkel, CEO, and Christian Friberg, Head of Mainframe Development. They’re here to talk about instant payments in the EU, and how they affect organizations that rely on the IBM Z platform.
Need for Speed: Processing Instant Payments on IBM Z
“Time is ticking once you receive an instant payment,” says Thorsten Völkel, CEO of PPI AG. “You only have ten seconds for the round trip, sending the instant payment to the receiving bank and getting back a notification, and then sending back a notification to your customer.” Speed is about to become very important in the European Union, where instant payments will become mandatory this year. The IBM Z platform is uniquely suited for rapidly processing such transaction volumes. PPI AG is a market leader in payment solutions; their instant-payments engine is helping institutions who depend upon IBM Z to comply with the new EU regulations. Listen for a deep dive into instant payments on IBM Z, from market and regulatory requirements to technical solutions -- including design, infrastructure, cryptography, and AI.
Where to listen
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Resources
To learn more about PPI AG, visit them on the web.
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