alt Hacker News> Credit card transactions and banking software run on this model for example
TSYS is super expensive and is dying out. The current generation of banking software is very much shifting to distributed software across commodity data centers.
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g947o • today at 12:06 PM
Source? Interested in learning more about this
Current generation of banking software is expanding on the mainframe:
IBM Z mainframes play a pivotal role in facilitating 87% of global credit card transactions, nearly $8 trillion in annual payments, and 29 billion ATM transactions each year, amounting to nearly $5 billion per day. Rosamilia highlighted the continuous growth in demand for capacity over the past decade, which has seen inventory expand by 3.5 times.
https://thesiliconreview.com/2024/04/ibm-new-mainframe-web-t...