Logica Plc and Digital Equipment Corp have won a UKP7m contract to supply the Central Bank of Turkey with relay software and computers for a national electronic funds transfer system; the system has been commissioned to bring the Turkish banking community’s clearing practices in line with those of Western European counterparts, it will be based […]
Logica Plc and Digital Equipment Corp have won a UKP7m contract to supply the Central Bank of Turkey with relay software and computers for a national electronic funds transfer system; the system has been commissioned to bring the Turkish banking community’s clearing practices in line with those of Western European counterparts, it will be based on Fastwire software from Logica, running on DEC VAX minicomputers: when completed the system will enable the 65 international and domestic banking institutions whose interbank payments are currently handled manually by the Turkish Central Bank, to process and record payments electronically through a central clearing system.
