Montran Corporation is a privately held software company founded in New York in 1979 with the sole purpose of developing and providing payment system solutions to the banking sector. The company founders had numerous years of experience providing system solutions to banks on behalf of well-established organizations.

Montran's chairman, Mr. Hank F. Walsh had been leading the New York Financial District of Burroughs Corporation (now Unisys) for over two decades, providing system solutions to organizations such as SWIFT, the Federal Reserve Bank of New York and the New York Clearing House (the CHIPS system) among others. The long lasting relationship with the financial community translated into a powerful presence for Montran from the beginning.

The company, whose members were directly responsible for designing and implementingthe CHIPS system, continued to provide support and consulting services to the New York Clearing House for many years. SWIFT selected Montran as the software provider for one of their most successful products, the ST400, and embarked on a decade long special partnership with Montran, one of the first of its kind for the leader of standards and communication services to the financial industry. With the first truly integrated CHIPS, FedWire and SWIFT capable software product, Montran quickly established a leading role as the payment system solution provider in the New York area.

In 1985, the partnership with SWIFT exposed our company to international payment requirements and Montran embarked on developing a Global Payments System solution for the world. By 1988 we had offices in Europe and were providing multi-bank (country) multi-currency payment systems to large international banks.

Influenced by the trend towards consolidation in the banking industry during the pastfew years, our Global Payments System evolved into a very comprehensive and flexible solution for regional (multi-country) processing centers with advanced capabilities including multiple clearing service support and global liquidity management. Organizations such as Barclays Bank, Commerzbank and the Bank of New York selected Montran for their regional payment processing solution.

Our involvement with settlement systems was a natural evolution from the early days of implementing the CHIPS system. In Europe Montran started providing payment solutions to central banks based on our Global Payment System (GPS) technology. Deutsche Bundesbank and the National Bank of Hungary were among the first to use Montran software. More recently, the Swiss Euro Clearing Bank has implemented a complete solution based on Montran GPS and Accounting software.

In 1996 Montran began developing software products and integration capabilities based on the emerging open platform internet technology. We developed a strategy for adopting Java™ as the cross-platform development environment for core system and application components and a standard Browser (thin client) for the user interface.

The first full-scale implementation using the new technology was the Automated Payments, RTGS and Net Settlement systems for the Bank van de Netherlandse, Antillen. During the past years our expertise with this technology has grown in strength considerably with each implementation.