Steve Colwill, Velocimetrics
"Instead of just monitoring the IT infrastructure, VMX Payments tracks what clients and customers really care about, the payments themselves."
Velocimetrics, the provider of real-time business flow performance monitoring and analysis solutions, has announced the release of VMX Payments.
The solution aims to enable banks operating payment platforms to gain a detailed, real-time, understanding of the status of all payments as they flow across the end-to-end payments process in a single view. This is possible even in highly complex environments tracking all payments using an independently allocated, unique and searchable identifier, so the exact location of any given payment, or batch of payments, can be revealed.
Based on Velocimetrics' technology, VMX Payments builds on existing functionality whilst introducing a series of new features designed to address the specific monitoring requirements of the payments process.
Commenting on this development Steve Colwill, Velocimetrics' CEO stated: 'Building on practical knowledge gained applying our technology to payments processing, with VMX Payments every single transaction being processed can be effectively and independently monitored through the entire processing lifecycle. Instead of just monitoring the IT infrastructure, VMX Payments tracks what clients and customers really care about, the payments themselves.'