A system and method for processing seismic data on one or more co-processor devices that are operatively coupled to a host computing system via a communications channel. The compression of input data transmitted to the co-processor device and/or the size of the storage provided on the co-processor device may enhance the efficiency of the processing of the data on the peripheral device by obviating a bottleneck caused by the relatively slow transfer of data between the host computing system and the co-processor device or by the relatively slow transfer of data within the co-processor device between the co-processor information storage and the co-processor.