Conventional transaction switch
PowerZaC is successfully installed as the conventional transaction switch both in an environment operated by single bank and in the processing centers providing operations for the institutions across different countries. Such a solution provides all the necessary elements:
- POS network driving and management;
- ATM network driving and management;
- Connectivity with card brands; Visa, Mastercard, American Express, Diners/Discover, and UnionPay;
- Connectivity with core banking systems;
- Connectivity with partner networks;
- Authorization: security verifications, limits, balances, and product restrictions;
- Card issuing support activities: personalization preparation and life cycle management;
- ATM predictions and cash management;
- Clearing and settlement with card brands;
- Transaction extracts;
- Reporting and data warehouse synchronization.
More than just providing the technical elements, we have also gained experience of replacing major transaction switches with PowerZaC system installed and integrated into the existing environment – e.g. no changes expected in the core banking systems – and providing optimized business processes.