SmartVista i: payments processing on IBM System i platform

Transcription

1 SmartVista i: payments processing on IBM System i platform

2 Banking business transformation The modern payments business is an online, real-time environment that must be up and running when customers expect the system to be, and have the capacity to handle the heaviest workload of workloads. In this environment, end-to-end continuous availability and reliability are not just a server requirement but also a requirement for every component of the entire infrastructure. Regulatory changes in the financial sector, payment organisation initiatives, requirements to support new technologies and industry standards are placing more and more pressure on banks and processors to reduce cost, increase channel content and become more operationally efficient. This is a dilemma, as many organisations operate on technology platforms that are legacy in nature, outdated, and expensive to modify or change. Although a considerable proportion of the payment processing marketplace still operates on legacy platforms, there is increasingly more interest and attention to cost reduction and rationalisation through the introduction of modern technology. Legacy systems are being replaced by the more modern systems that provide flexibility, speed to market and lower costs. Legacy systems are now diminishing in number with the emergence of newer IT sites as the prevailing trend is either to replace initial systems or acquire modern card processing facilities. Over the last few years more and more of the new project initiatives are becoming forward-looking. IT managers understand that they have to be able to support new smart card products, new input and output channels, and cover new market sectors. They have to be able to adapt to change to meet new demands in the market as well as to be able to satisfy requirements ever faster. This challenging moment in the payment industry offers an ideal opportunity for banks and other institutions involved in smart card processing to switch to the new generation SmartVista i solution.

3 SmartVista i new generation payment processing platform By combining the comprehensive card processing functionality, modular design, and flexibility of BPC s SmartVista software application with the robustness and fault-tolerance of the IBM System i platform, SmartVista i solution offers continuous availability, tremendous high-performance and scalability. SmartVista i is a result of extensive collaboration between BPC R&D team and IBM experts from Russia, the UK, and USA. Built around the growing demands of banks and inter-bank processors in both mature and emerging markets, the SmartVista i solution offers a reliable and high performance electronic payment system that is mindful of all modern payment technologies and ever increasing delivery channels. SmartVista i is an evolution of BPC s SmartVista card processing solution, adapted to run on IBM System i platform. The solution utilizes Lakeview Technologies MIMIX HA1 for fault tolerance. SmartVista i performance ratings were recorded using high volumes of financial transactions during benchmark testing at the IBM System i Centre in Rochester, USA. The solution is designed for financial organisations of any size that are keen on establishing a solid foundation for their card business growth. With its ability to add and incorporate new functions and requirements with minimal time and resources, SmartVista i allows users to bring down total cost of ownership and maintain it at reasonable levels into the future.

4 BPC SmartVista: Comprehensive EFT and card processing solution BPC SmartVista Suite is a comprehensive, state-of-the-art family of closely integrated software applications designed to meet the needs of organisations involved in the processing of electronic payments based on plastic cards, smart chip cards, and other personal payment tools. SmartVista is a truly international solution designed to support all existing global EFT standards and technologies, including EMV, and is open to extend to other emerging or local electronic payment mechanisms. SmartVista covers both issuer and acquirer processing for members of international or local payment systems such as Visa International, MasterCard Worldwide, American Express, Diners Club, China Union Pay, and BancNet. It may also run as a standalone us-on-us card system, should the customer so require. In addition to payment processing, SmartVista offers a broad range of capabilities to effectively support and manage all sorts of card based banking products from a simple debit card to sophisticated multiple-account credit cards integrated into retail account maintenance and lending environments. SmartVista fits into any multi-channel delivery environment, including e-commerce and m-commerce and comes with comprehensive value added functionality such as MSP/TPP multi-banking, risk management, fraud prevention, loyalty and affinity schemes, self-service and retail banking features, etc. Initially designed for deployment on a wide range of servers using UNIX and Linux operating systems, the SmartVista solution has proven to be capable of taking advantage of each and every platform architecture where it has been deployed. This operating efficiency over various server families from IBM has been recorded in live site situations in major financial institutions.

5 IBM System i: The world s integrated system for banking The IBM System i is the premier business system for banks who value integration, simplified use, and support for a wide variety of business applications. It is designed specifically to integrate the latest operating systems and technologies, which were extensively tested to work together. Among the top qualities that the IBM System i is known for is its security. Compared to other system environments, security on System i is easy to implement and manage. Banks can ensure security of transactions, client information, and business data against breaches from inside and outside the bank. Such functionalities help prevent data tampering, guarantee client confidentiality, and reduce the risk of fraud. With System i, a bank has one of the most complete and secure integrated business solutions that is designed to run many of the world s most popular banking applications. System i provides faster, more reliable and highly secure ways to help simplify the IT environment. It does this by reducing the number of servers and associated staff required, which can help save money and enable reinvestment in business growth. By running all of the applications that a business needs on one secure, easyto-manage system, IBM System i facilitates server consolidation, which can help eliminate complexity, enhance manageability and deliver low total cost of ownership (TCO). To help consolidate application and server farms, System i can run multiple operating systems and applications simultaneously. It supports applications running in IBM i5/os, Microsoft Windows, Linux, IBM AIX 5L and some other environments all at the same time and all on one highly reliable system. IBM System i greatly simplifies a bank s decision for applications by providing the ability to choose solutions based on business need, and not on operating system.

6 Solution to address any bank s need SmartVista i is a universal solution capable of meeting the requirements of both mature financial organizations as well as dynamically developing retail banks operating in emerging markets. SmartVista i real alternative for legacy systems replacement The large transaction volumes processing capacity, scalability and flexibility, support for new business functions and modern payment technologies, including EMV, as well as access to banking services through all modern delivery channels all of these guarantee success of the SmartVista i solution in a marketplace which have been long dominated legacy systems. Though legacy systems are being upgraded and expanded, they will definitely reach a tipping point where the cost of further developments outweighs the benefits of making those changes. In the situation where organizations face the dilemma of choosing between a robust but obsolete system, or various modern, multifunctional but less reliable technologies, SmartVista i would prove to be a more viable alternative. SmartVista i excellent addition to IBM System i infrastructure IBM System i technology is widely used in the international market and acknowledged by the largest financial institutions as an effective platform for integrating a wide array of financial and non-financial applications. SmartVista i has become a significant addition to the line of software solutions successfully running on the System i platform, thus it helps protect existing investments and reduce costs for new implementation.

7 SmartVista i best choice for emerging markets As a result of constant retail banking business evolution, the IT infrastructure of most banks now consists of separate, loosely integrated systems. These systems may have been implemented at various development stages relative to each other and are often based on different hardware platforms. Their functions are redundant most of the time, and capabilities may either be inadequate or excessive. Such complicated IT infrastructure results in a considerable increase of total cost of ownership and hampers further business development. For such situations, SmartVista i solution would be a cost-effective solution, allowing migration from a pile of heterogeneous systems to a tightly integrated solution based on a modern, future-proof platform. It can become a foundation for further business development, providing facilities to easily extend functionalities and extensions of applications. Where cost of ownership, continuous availability and speed to market for new products and services are of utmost importance to a financial institution, the renowned features and functionalities of the SmartVista Suite, integrated with a proven, high-capacity IBM System i platform spells a formidable partnership that ensures global success.

8 MOSCOW BPC Banking Technologies Bld. 2, 50A/8 Zemlyanoy Val St., Moscow, Russia, Tel.: + 7 (495) Fax: + 7 (495) info@smartvista.biz AMSTERDAM BPC BV Joop Geesinkweg , 1096 AZ Amsterdam, The Netherlands Tel: +(31 20) Fax: +(31 20) Birmingham BPC Europe 13 Springhill Park, Lower Penn Wolverhampton, West Midlands, WV4 4TS Tel: Fax: bpceurope@smartvista.biz DUBAI BPC MEA PO Box 54620, Dubai, UAE Tel: +(971 4) Fax: +(971 4) bpcmea@smartvista.biz SINGAPORE BPC Asia Pacific Level 36 UOB Plaza 1, 80 Raffles Place, Singapore Tel: +(65) Fax: +(65) info-ap@smartvista.biz info@smartvista.biz Copyright 2007, BPC Banking Technologies