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. P...