Computerworld Australia: MoneySwitch Banks on Open Source

"Move over mainframes and proprietary transaction databases, the financial institutions of the future will run on open source software, just like Sydney-based payment solutions company MoneySwitch.

"Founded by ex-Cisco engineers more than three years ago, MoneySwitch has developed a custom, IP-based credit and debit card transaction processing platform and will begin active trading by the end of the year..."

Complete Story

Related Stories:

• Sys-Con India: Italian Bank Deploys Red Hat Enterprise Linux Across Desktops and Servers(May 04, 2006)
• ITBusiness.ca: Bank of Canada Puts its Money on Linux Back End and Windows PCs(Apr 26, 2006)
• ZDNet UK: Banks 'Should Give Back to Open Source Community'(Apr 26, 2006)
• People's Daily Online: Bank Reforms Spark Software War in China(Apr 17, 2006)