Velocimetrics brings real-time trading technology to bear on payments monitoring
Velocimetrics, a developer of real-time business flow performance monitoring and analysis solutions, has expanded into the payments area with a new system developed from a custom solution built for a client.
Called VMX Payments, the system monitors the end-to-end payments process to create a detailed, real-time, understanding of the status of all payments in a single view. Each payment is tracked using an independently allocated, unique and searchable identifier, allowing the exact location of any given payment, or batch of payments, can be instantly determined.
Using experience gained developing a custom payments solution based on the existing functionality of Velocimetrics’ trading systems technology, adding a series of new features designed to address the specific monitoring requirements of the payments process.
“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,” said Steve Colwill, Velocimetrics’ chief executive (right). “Instead of just monitoring the IT infrastructure, VMX Payments tracks what clients and customers really care about, the payments themselves.”
The system can capture data from files, network traffic, messaging middleware, and from inside application code, in any combination, allowing firms to analysis and monitor how all payments are flowing across their complete environment, and to zoom in and understand the activities taking place around specific processing stages of interest.