Paragon Launches Next Genration VirtualATM

Paragon Launches Next Genration VirtualATM
09.06.2016 02:15 pm

Paragon Launches Next Genration VirtualATM

Payments , ATMs , IT Innovations , Infrastructure

Paragon Application Systems (Paragon), the leading independent testing services provider for the financial services industry, today introduced VirtualATM®, a powerful simulator designed to replace physical ATM hardware in the test environment. With VirtualATM, customers can conduct automated testing of the entire software stack from anywhere in the world, saving time, money and manpower.

VirtualATM reduces the dependency on physical ATMs and manual processes in the testing environment. It simulates ATM hardware components generating a range of error conditions that cannot be easily recreated at physical test machines. During the testing process, VirtualATM can continually submit thousands of transactions types, 24-hours-a-day, covering a much wider range of transaction failure scenarios within any given test phase than can be accomplished manually.

“ATMs and payments systems are increasingly complex, driving the need for a comprehensive suite of products to allow companies to execute testing efficiently,” said Jim Bradley of Bradley Technology Associates. “Paragon listened to our need for an ATM testing solution that would allow us to test our ATM network from our desktop PCs and developed VirtualATM. Paragon was also willing to work with us in the development of test automation solutions to streamline the time we were spending executing test cases. Working with Paragon has been a positive experience and I recommend their solutions.”

Jim Perry, CEO of Paragon, explained, “In recent years, the interconnectivity of payments systems, channels and institutions has significantly increased operational risk, and the sheer volume of payments indicates that the corresponding risk is higher than in previous years. ATM systems have grown too complex and change far too quickly for any organization to jeopardize deployment without frequent, end-to-end testing. VirtualATM meets this need for a powerful, next generation, automated testing strategy that quickly, effectively and repeatedly tests an unprecedented number of scenarios.”

VirtualATM is all encompassing, supporting the testing of all transactions and error conditions, including both magnetic stripe and EMV chip cards. The solution provides unparalleled visibility into the XFS layer, facilitating testing of every endpoint. VirtualATM provides the capability to automatically report, execute, validate and report transactions without operator interaction. Measurements have shown that human testers can complete five straightforward tests per hour including validation and recording of results; a single instance of VirtualATM can easily complete 60 tests in the same timeframe. In addition, the scalability of VirtualATM allows organizations to increase testing throughout easily, quickly and cost effectively.

Related News

Razorpay Launches Payment Buttons for SMEs

Empowering Startups to accept payments on their own website,... Read more »

Younger Generations Drive UK Alternative Payment Method Adoption for Online Transactions

As the migration away from traditional payment methods in the UK accelerates, younger generations are leading the adoption of alternative payment methods (APMs) such as bank... Read more »

Sokin Links Into Currencycloud to Strengthen Its Global Payments Network

Sokin, the new generation fintech payment firm, has announced it will be integrating Currencycloud’s local payment rails as part of it’s easy... Read more »

One in three UK consumers in favour of increasing contactless spending limit

One in three UK consumers (32 percent) would like to see a further increase of the current £45 contactless spending limit, according to a YouGov survey of more than 2,000 UK... Read more »

VibePay sets sights on growth with integration of more UK banks and new business accounts

VibePay is continuing on its ambitious path of growth, with the integration of more UK banks and payment providers via open banking, and a business account... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel