Misys Teams With Dovetail to Provide a SEPA Direct Debit Solution and With HCL to Modernise Banks' Legacy Payments and Messaging Systems


VIENNA, Austria, September 16 /PRNewswire/ --     Misys plc (FTSE: MSY.L), the global application software and services
company, today announces a partnership with Dovetail to offer customers
packaged payments solutions that are pre-integrated with their banking
systems. The first such packaged solution is for SEPA Direct Debit. HCL, one
of Misys' strategic partners, is providing its highly skilled resources to
roll out Misys' solutions to modernise payments and messaging
infrastructures.

The financial industry has seen a massive growth in global payment
volumes in recent years. At the same time messaging standards, such as ISO
20022, technologies like XML and the number of networks that a bank's core
processing systems are required to support have all increased. Initiatives
such as SEPA Credit Transfers, launched earlier this year and SEPA Direct
Debits due at the end of 2009, have forced financial institutions to review
the way they manage payments. They have had to examine closely their multiple
silo-based systems as they look for the most efficient and innovative way to
meet these challenges and cater for more sophisticated customers.

"There is a pressing need for banks to upgrade their infrastructures so
that they are fit enough to meet these challenges and remain competitive,"
comments Guy Warren, EVP and General Manager, Misys Banking. "Many legacy
systems, such as Merva, BESS and MINT are not able to handle these new
volumes and technologies and this is preventing them from being cost
competitive in their offering and from capitalising on the opportunity the
growth in payments gives them. With FED and CHIPS also planning to move
towards ISO 20022 over the next 3 years, banks have to make sure they have a
modern, flexible payments and messaging system that will allow them to cope
with the fast-paced changes the industry is seeing."

Misys will take a packaged SEPA DD solution from Dovetail, built from
components of the Dovetail Payments System, and integrate this with Misys
applications and Misys Message Manager. Global deployment will be managed by
systems integration experts at HCL. The resulting modern Java EE solution
will help banks to automate their payments requirements and increase
straight-through processing rates. Banks will be provided with more efficient
payments processing capabilities, enabling them to service their customers
more effectively and grow their business more rapidly at a lower cost.

Misys was recently awarded the SWIFT Ready Financial EAI 2008
accreditation for Misys Message Manager, and is one of the world's largest
generators of SWIFT messages, with more than 1,000 sites worldwide. The
combination of this proven expertise, coupled with components from the
world-class Dovetail Payments System, offers a modern, comprehensive, proven
solution to banks that need to upgrade their infrastructure to cope with the
increasing changes in the payments world.

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys is a market leader, serving more than 110,000 physicians in
18,000 practice locations and 600 home care providers. Misys employs around
4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Contact us today, visit: http://www.misys.com

For further information please contact

    Edward Taylor
    Global Head of Public Relations
    Misys Solutions for Banking
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    FD
    +44(0)207-269-7158
    sebastian.mathews@fd.com

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