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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Delayed Quote. Delayed Nasdaq - 11/27 01:00:00 pm
215.23 USD   +0.64%
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Microsoft : First American Trust FSB Selects Volante Technologies US Fedwire as a Service in the Cloud

06/16/2020 | 07:19am EST

First American Trust FSB Selects Volante Technologies US Fedwire as a Service in the Cloud.

Bank replaces its legacy wire transfer system with Volante's US Fedwire as a Service in the cloud to modernize its payment processing infrastructure.

Volante Technologies Inc., a global provider of payments solutions to accelerate digital transformation, today announced that First American Trust FSB has selected Volante's US Fedwire as a Service. First American Trust FSB offers banking solutions for the escrow and real estate industries. Volante's service, running on Microsoft Azure, will replace the bank's legacy Fedwire processing solution and modernize its payments processing infrastructure.

By automating wire processing with Volante's Fedwire as a Service in the cloud, the bank will benefit from resilient, reliable, and scalable payments technology. They will be able to smoothly handle increasing wire volumes, and ensure that their customers' wires are never missed, duplicated, or delayed.

In the future, First American Trust FSB will also be able to easily extend the service to other currently available payment types such as ACH, The Clearing House RTP, and SWIFT cross-border payments. The service's native ISO 20022 messaging and 24x7x365 operational capabilities also ensure that the bank will be ready to make the most of the Federal Reserve's upcoming enhancements to the U.S. payment system, including the FedNow real-time payment system.

Robert Lawson, Senior Vice President, Strategic Initiatives at First American Trust FSB, said, 'We were looking for a partner that could help us meet our strategic goals by providing a service-based payments processing capability that would create greater efficiencies within the bank, and enable a superior experience for our clients.'

'Volante's payments as a service (PaaS) in the cloud meets our business requirements, supports our growth, and ensures that we will be able to quickly roll out new payment services in the future,' Lawson continued.

Vijay Oddiraju, CEO, Volante Technologies, said, 'Volante's Fedwire as a Service provides end-to-end processing of wires from corporate initiation through to clearing and settlement, with direct connectivity to the Fed. By deploying the service in the cloud, we are offering banks rapid implementation and time to value, with the same reliability and speed taken for granted in consumer payments. The cloud based, active-active-active architecture, an industry first, delivers unparalleled availability, ensuring First American Trust will be able to focus on growing their business without any limitations on scale or resiliency.'

Ed Fandrey, Vice President, Financial Services at Microsoft Corp. said, 'Many banks are experiencing significant growth in Fedwire volumes - and electronic payment volumes overall. Legacy systems and services cannot manage this growth and cloud-based payment processing services are an ideal resolution. With 'cloud-first' approaches becoming the norm for payments processing, Microsoft Azure is an ideal fit.'

About Volante Technologies

Volante Technologies is a global provider of software to accelerate digital transformation and modernization. Volante's ecosystem of business services simplifies complex systems and processes in payments, capital markets, and financial message automation.

Our ecosystem approach helps customers stay ahead of market trends, be more competitive and deliver superior customer experiences.

Test Message Assistant

Volante's Test Message Assistant is an intuitive, business-friendly environment where you can create and validate messages.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 31,9x
Yield 2021 1,01%
Capitalization 1 627 B 1 627 B -
EV / Sales 2021 9,81x
EV / Sales 2022 8,76x
Nbr of Employees 163 000
Free-Float 99,9%
Chart MICROSOFT CORPORATION
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 215,23 $
Spread / Highest target 29,2%
Spread / Average Target 12,7%
Spread / Lowest Target -16,4%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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