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ECS launches ‘Payment in a Box’ for North America

ElectraCard Services (ECS), a leading electronic payments solution provider, today announced the availability of a prepackaged, functionally rich, high performance payment switch.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Oct. 23, 2012 - ElectraCard Services (ECS), a leading electronic payments solution provider, today announced the availability of a prepackaged, functionally rich, high performance payment switch.  The integrated solution meets the needs of financial institutions, local Independent Service Organizations (ISO), retailers and merchant processors and enables them to more quickly adapt to innovation in their markets.

ECS ‘Payment in a Box’ bundles HP Integrity NonStop servers and electraSWITCH iTx series to deliver high reliability, extreme scalability and superior price performance.  The integrated solution is based on the newly introduced HP Integrity NonStop NS2100 server, allowing customers who require a mission-critical application environment to extend the reliability of NonStop fundamentals at a lower price point. This bundled solution comes complete with support, installation and training services.

electra iTx  series platform is a next generation transaction platform, built from the ground-up on open standards and industry best-practices to support the service oriented architectures (SOA) that are fast becoming the technology backbone of today’s leading organizations.. It bridges the divide between the old and new payment worlds by increasing the agility and flexibility of traditional payments technologies. The iTx series provides flexibility and speed to market for the entire payments chain.  

Expanded functionality of the iTx series includes the ECS answer to the Software Development Kit (SDK) and brings a powerful business rules engine and workflow manager called electraRULES Business Manager, which eliminates customization and shortens the time to launch new services.  electraRULES model-driven development environment enforces granularity and reuse of business assets unseen in traditional approaches allowing for seamless composition and decomposition of processes and business services. The Java engine at the core of electraRULES is proven to support massive degrees of scale and parallelism, and allow our customers to extend and customize the platform to fit their needs. It also comes with a highly configurable message transformation engine called electraMAP, which maps message formats and protocols to integrate with external systems using online messages, offline extracts and SOA services ‘When coupled together, iTx series is game changing technology,’ stated Dale Van Stratten, SVP and Head of ECS Americas.

ECS selected HP for its deep industry expertise, global delivery capabilities and to ensure infrastructure longevity.  Like other financial organizations, the company put its trust in HP and the NonStop platform because it delivers fault tolerance, continuous availability and data integrity required by retail, wholesale and central bank payments systems. electraSWITCH on HP Integrity NonStop is among the few PA-DSS certified payment solutions. electraSWITCH iTx series is a  a high performance payment engine on  NonStop. electra is handling 9 million transactions per day and 50 million debit cards at large bank in Southeast Asia. ECS has extensive experience on HP Integrity NonStop and have completed numerous migrations from competing platforms including several from ACI platforms.

‘As part of our strategy to offer customers a compelling solution and make their migration experience simple, reliable and affordable, we have collaborated with  HP to create this packaged payments offering ,’ commented Van Stratten.

About ElectraCard Services

ElectraCard Services, a subsidiary of Opus Software Solutions, provides software and third party processing services for cards and payments management industry across the world. ECS is a PCI DSS certified Third Party Processor (TPP) for MasterCard® and VISA® across the issuing and acquiring spectrum of the electronic payments business. MasterCard Worldwide also has a strategic investment of 12.5% in ElectraCard Services.

ElectraCard Services enables financial institutions, retailers, finance companies and corporations to electronically process, in real-time, any type of payment transaction, including credit, debit, pre-paid, and ACH. In addition to typical back office processing, ECS also offers ecommerce gateway and switching solutions. Its solutions support multiple institutions, multiple currencies, and varying processing requirements on a single platform. By providing comprehensive and flexible solutions that can be deployed to a market of one, ElectraCard Services offers unmatched services and solutions.

www.electracard.com (http://www.electracard.com/)  

www.opussoft.com (http://www.opussoft.com/)

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City/Town:Pune - Maharashtra - India
Industry:Banking
Tags:launch
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