Paragon Application Systems

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Paragon Application Systems
Type Private
Industry Financial Services, Electronic funds transfer
Founded Cary, NC, USA
Headquarters Holly Springs, NC, USA
Key people Jim Perry, CEO
Products ATMulator, ConfigBuilder, FASTest, WebFASTest, FASTress, FILEgen

Paragon Application Systems is an American software company specializing in test and simulation applications for EFT systems. Their customers are banks, credit unions, payment processors and interbank networks. Since 1994, Paragon Application Systems has provided Software testing solutions to simulate and test virtually any point in the transaction processing stream, so financial institutions can ensure that their electronic payment systems are reliable and error-free. The company has in-depth experience with system testing and simulation. .[1][2]

Paragon has helped customers around the world with their EMV implementations (for use of smart cards) and EMV migration. Employed at Paragon are industry professionals who have earned the Certified Smart Card Industry Professional Certification (CSCIP) from the Smart Card Alliance

Turkish Economy Bank has leased FASTress and professional services from Paragon Application Systems, Inc. to stress test its new payment system.

Banelco has licensed software from Paragon Application Systems Inc. to simulate and test its ATMs and interfaces with its member organizations.

SmartSoft IT, a payments processing software provider, recently utilized FASTress from Paragon Application Systems to determine the improved performance of their Smart Risk Manager (SRM) Credit/Debit Card and Merchant Fraud system.

Evertec has licensed software and services to implement voice guidance in their ATM network.

Bank of Hawaii needed to conduct performance and regression testing To verify their system capacity when moving from a single-node to multi-node system and they chose Paragon FASTress for stress testing and Paragon FASTest for regression testing.