The document summarizes an instant EMI solution that allows manufacturers to offer 0% financing offers at point of sale to drive incremental sales. It works by integrating with a merchant's POS to authorize EMI transactions in real-time based on rules set by the manufacturer, such as by product, store, or transaction value. The transactions are settled directly between the credit card issuer and manufacturer. The solution provides control, reach, and reporting benefits for manufacturers while enhancing the customer experience.
Plutus – a Point-of-Sale credit/debit data capture and authorization software for Windows™ and Linux based PCs and POS systems. Plutus utilizes existing PC equipment and infrastructure to bring credit card processing functionality to the merchant’s Electronic Cash Register.
Introducing Instant EMI Solution for 0% Financing Offers
Manufacturers can drive incremental sales by launching an attractive real-time EMI offer on White Goods, Consumer Electronics, Travel Packages and much more
Plutus is a PC-based card processing solution that replaces traditional EDC terminals. It allows merchants to accept all major payment types through their existing PCs and offers several advantages over EDCs:
1) It eliminates telecommunication costs associated with EDCs by using existing internet connections instead of dial-up.
2) It streamlines operations at the point-of-sale by automating tasks, integrating with billing systems, and allowing faster transactions.
3) It allows merchants to centrally manage transaction routing rules to optimize costs, without relying on individual cashiers.
4) It facilitates transaction aggregation, settlement and reconciliation through centralized reporting and interfaces.
Core banking and electronic clearance settlement systemRoy Thomas
Core banking systems allow banks to process transactions in real-time across branches by connecting all branches to a centralized database. This allows deposits to immediately be reflected on bank servers and accessible from any branch. It also enables banks to provide comprehensive banking services to corporate customers. Electronic clearance and settlement systems facilitate the quick and efficient electronic transfer of funds and securities between financial institutions by removing the need for paperwork. There are different types of systems including net settlement, real-time gross settlement, and hybrid systems that provide settlement at different points in the day.
Core banking systems : by yogesh khatriyogesh khatri
Core banking allows customers to access their bank accounts and perform basic transactions from any member bank branch through networked computers and telecommunication technology. Before core banking in the 1970s, transactions would take at least a day to be reflected in accounts as each branch had local servers and data was sent to central servers daily. Now most banks use core banking applications so all branches can access centralized data centers in real-time.
AME-1936 : Enterprise Messaging for Next-Generation Core Bankingwangbo626
- The document discusses enterprise messaging solutions for next generation core banking systems. It addresses four key challenges: maximizing return on investment, enabling new business adoption, achieving extreme performance and scalability, and meeting other special requirements.
- For each challenge, the document outlines requirements and proposes approaches. Solutions discussed include using IBM MQ for universal connectivity, mobile push solutions based on MQTT/Messagesight, MQ deployment on cloud, and MQ performance tuning for active-active configurations. The document emphasizes balancing technical and business requirements.
Sollution Guide from IBM Partner, Lightwell (http://www.lightwellinc.com). Simplify your payments acceptance with prebuilt, ready-to-deploy global payments solutions and services on the cloud.
• Deliver a consistent, secure shopping experience across channels and devices
• Accept payments on any device, anywhere in the world
• Easily manage payments with a single view of settlement and accounts across channels
• Leverage connections to over 170 payments types in over 70 countries
• Significantly reduce risk of handling sensitive payments and customer information
Plutus – a Point-of-Sale credit/debit data capture and authorization software for Windows™ and Linux based PCs and POS systems. Plutus utilizes existing PC equipment and infrastructure to bring credit card processing functionality to the merchant’s Electronic Cash Register.
Introducing Instant EMI Solution for 0% Financing Offers
Manufacturers can drive incremental sales by launching an attractive real-time EMI offer on White Goods, Consumer Electronics, Travel Packages and much more
Plutus is a PC-based card processing solution that replaces traditional EDC terminals. It allows merchants to accept all major payment types through their existing PCs and offers several advantages over EDCs:
1) It eliminates telecommunication costs associated with EDCs by using existing internet connections instead of dial-up.
2) It streamlines operations at the point-of-sale by automating tasks, integrating with billing systems, and allowing faster transactions.
3) It allows merchants to centrally manage transaction routing rules to optimize costs, without relying on individual cashiers.
4) It facilitates transaction aggregation, settlement and reconciliation through centralized reporting and interfaces.
Core banking and electronic clearance settlement systemRoy Thomas
Core banking systems allow banks to process transactions in real-time across branches by connecting all branches to a centralized database. This allows deposits to immediately be reflected on bank servers and accessible from any branch. It also enables banks to provide comprehensive banking services to corporate customers. Electronic clearance and settlement systems facilitate the quick and efficient electronic transfer of funds and securities between financial institutions by removing the need for paperwork. There are different types of systems including net settlement, real-time gross settlement, and hybrid systems that provide settlement at different points in the day.
Core banking systems : by yogesh khatriyogesh khatri
Core banking allows customers to access their bank accounts and perform basic transactions from any member bank branch through networked computers and telecommunication technology. Before core banking in the 1970s, transactions would take at least a day to be reflected in accounts as each branch had local servers and data was sent to central servers daily. Now most banks use core banking applications so all branches can access centralized data centers in real-time.
AME-1936 : Enterprise Messaging for Next-Generation Core Bankingwangbo626
- The document discusses enterprise messaging solutions for next generation core banking systems. It addresses four key challenges: maximizing return on investment, enabling new business adoption, achieving extreme performance and scalability, and meeting other special requirements.
- For each challenge, the document outlines requirements and proposes approaches. Solutions discussed include using IBM MQ for universal connectivity, mobile push solutions based on MQTT/Messagesight, MQ deployment on cloud, and MQ performance tuning for active-active configurations. The document emphasizes balancing technical and business requirements.
Sollution Guide from IBM Partner, Lightwell (http://www.lightwellinc.com). Simplify your payments acceptance with prebuilt, ready-to-deploy global payments solutions and services on the cloud.
• Deliver a consistent, secure shopping experience across channels and devices
• Accept payments on any device, anywhere in the world
• Easily manage payments with a single view of settlement and accounts across channels
• Leverage connections to over 170 payments types in over 70 countries
• Significantly reduce risk of handling sensitive payments and customer information
Credomatic is a large payment processor that offers:
1) Stability as a $7 billion acquirer and issuer with over 150,000 merchants and 2 billion cardholders.
2) Next day funding on transactions for partner merchants.
3) A complete suite of payment solutions including credit/debit processing, electronic check services, and gift cards.
This document discusses centralized banking solutions (CBS), also known as core banking solutions. It defines CBS as a solution that enables banks to offer services from a single location supporting retail and corporate banking across all delivery channels. The key benefits of CBS include offering a single point of management, preparation for current and future requirements, and better integration across software and hardware. The document also outlines some major global and domestic vendors that provide CBS.
National Automated Clearing House (NACH) an Overview by VSoftVSoft Technologies
VSoft Technologies a leading Banking and Payments solutions provider for banking and Financial Institutions gives an over view of Cetrum Mandate enabled ACH Payments System and NACH platform of NPCI.
Core banking chapter 4, benefits of core banking, essential requirements of core banking, suggestions for the co-operative banks to implement core banking system
The document discusses several core banking solutions including Finacle, TCS BaNCS, and FLEXCUBE. Finacle is a core banking product developed by Infosys that is used by over 450 million customers in 84 countries. TCS BaNCS automates all aspects of banking operations. FLEXCUBE is a universal banking solution from Oracle that offers core banking, retail banking, and direct banking modules. The solutions provide benefits such as centralized processing, multi-channel access, scalability, and cost reduction.
Cogent has developed CRM software tailored for the ATM industry. It has integrated the software with ATM switches to retrieve data in real-time. Cogent has implemented successful solutions for various ATM companies. Cogent offers advantages like over 12 years of experience, rapid implementations, customized solutions, and a proven SaaS business model. The software includes modules for incident management, call allocation, call disposition, activity management, equipment management, and other features like portals, reporting, and analytics. The target segments are ATM manufacturers, distributors, outsourcing companies, and banks.
Core banking systems allow banks to provide integrated banking services to customers across branches through a centralized system. It removes geographical limitations and provides services such as deposits, withdrawals, payments processing, customer onboarding, and loans through multiple channels like mobile and online banking. Core banking solutions provide advantages like improved operations, reduced errors, easy product management and a centralized view of customer information.
Eva Contactless Position Paper October 2009 FinalRoberto Grossi
The EVA, made up of 18 national vending associations and 58 companies, is hoping to follow the lead of US counterpart, NAMA, and encourage the introduction of contactless payments at machines.
The position paper is aimed at credit card companies and banks and hopes to "break the deadlock" with financial institutions on transaction costs, a major barrier to the introduction of the technology.
Core banking solutions allow customers to access their bank accounts and perform transactions from any branch by merging communication and information technologies. This includes recording transactions, maintaining records and accounts, and calculating interest. Finacle is an example of a core banking solution that is web-based, supports multiple languages and currencies, and facilitates 24/7 operations across channels. It can process over 11,000 transactions per second.
Organizing stakeholders and working with mobile network operatorsMahesh Amarasiri
Organising stakeholders and working with mobile network operators
This was presented at Central Banking Publications training course,Effective Oversight of Mobile Payments
3, 4 & 5 December 2013
Kuala Lumpur
This session focuses on the building blocks that are critical for central banks to bring their oversight plans into effect. The speaker will discuss the fundamental components of the oversight programme, identifying what needs to be produced and when. The question of what resources need to be allocated to generate the desired output and outcomes will also be considered. Two oversight methods will be discussed, one dealing with continuous monitoring and evaluation of the payment system; and a change-driven approach that considers risk analysis triggered by the occurrence of various events.
Back office check conversion is presented as a superior alternative to point-of-purchase check conversion. It allows processing of all checks at a single back office location rather than requiring individual scanners at each checkout lane. This reduces costs and complexity while streamlining depositing and accounting across multiple store locations. Checks are stamped with authorization at checkout and scanned daily in the back office, then funds are electronically deposited in the merchant's account within 48 hours while minimizing changes to customers' routines.
ATMs have always been complicated equipment, requiring special attention of the personnel engaged in its maintenance and operation. ATMMon system provides a convenient tool for a wider specialist community. It enables to accelerate response time to incidents, improve search and eliminate faults, optimise cash flow management and maximise ATM accessibility to increase customers’ satisfaction
Online banking allows customers to conduct financial transactions through a bank's website rather than visiting a physical branch. It connects to the bank's core banking system. Core banking is a service that allows customers to access accounts and perform basic transactions from any bank branch that uses the same system. It involves processing transactions, managing accounts and relationships, and establishing interest rates across a network of branches. Both online and core banking provide advantages like convenience, lower costs, and increased productivity for banks.
RBS WorldPay offers full-service payment processing including authorization, settlement, and virtual terminals. They provide competitive pricing, excellent customer service, and a reliable infrastructure backed by redundant data centers. RBS WorldPay handles all major credit and debit cards with software that recognizes debit transactions and requests PINs. They also offer custom stored value cards and equipment replacement programs.
Revolutionary developments in marketing, information and
communications technology continue to transform the banking and
financial industry. Distribution of banking services through the Internet is
an important part of this transformation. The objectives of this thesis are
mainly to assess the potential functions of e-clearing with respect to error
free fast funds settlement and to evaluate the competitive advantages of
Electronic Clearing House over Automated Clearing House. The study
explores the Electronic Clearing House in the perspective of time savings,
various costs elimination and maximization of profit for all the
stakeholders. The security measures in terms of digital signature to secure
data and information exchange over the internet would also be examined.
My research work during (Executive MBA 2006 ~ 2008) has been internationally published (Apr-2012) by LAP Publishing Germany. The topic of research was “Comparative Study of Automated Clearing House (ACH) AND Electronic Clearing House (ECH)”
https://www.morebooks.de/store/gb/book/comparative-study-of-ach-and-ech/isbn/978-3-8383-9439-8
Newgen provides comprehensive document and process management solutions for banks and financial institutions. Their solutions allow for [1] centralized processing of documents through scanning, workflow automation, and archival capabilities, [2] integration with core banking systems for real-time updates, and [3] improved turnaround times and cost savings through process optimization. Their offerings have been implemented by numerous banks globally to streamline processes like account opening, loans, trade finance, and more.
Flux PayDirect NACH IndusInd Bank Case Studyevolvus
This document provides an overview of Evolvus Solutions, a banking technology company focused on risk management, payments, and business process automation. It describes the company's offerings including COMBAT for risk management and Flux for payments processing. It highlights key customers in regions like Africa, Asia Pacific, Middle East, and Europe. The document also provides details on some of Evolvus' implementations including projects for payments migration, direct debits, and risk management platforms. It positions Evolvus as a solutions partner focused on these areas with a team of over 75 banking professionals and offices in India.
Paymantix is a developer of payment processing platforms that provides solutions for banks, fintech startups, merchants and other institutions. It offers a customizable processing platform called PM Processing that allows for integration with various payment methods and provides features such as fraud prevention, reporting and customization. Clients can choose between a PaaS or in-house version and Paymantix offers services like integration support, consulting and risk management. Setting up payment processing involves steps like customization, connection configuration and launch.
Informatica for Managing SWIFT Payment IntegrationKim Loughead
Overview of Informatica's solution to help financial services organizations connect and managing global payment data exchange including SWIFT, NACHA, or SEPA messages
These slides were presented during the Microinsurance Innovation Facility’s second webinar, co-organized with the Microinsurance Network, and held on July 13th, 2011. It focused on "New Frontiers in Microinsurance Distribution", their strengths and weaknesses, and areas that can be explored to make these channels work more effectively from the insurer and client perspective. This webinar follow a recent paper on alternative channels prepared by Cenfri (http://www.ilo.org/public/english/employment/mifacility/download/brnote7_en.pdf). Presenters were Brandon Mathews from the Zurich Financial Services, Anja Smith from Cenfri, and Pranav Prashad from the Facility, with Jasmin Suministrado of the Facility as moderator.
Xybertek Systems introduces a mobile live screen solution that allows businesses to send targeted messages like advertisements, coupons, social media connections, and videos to millions of mobile users simultaneously. The platform uses mobile broadcast and point-to-point delivery over 2G and 3G networks. It offers advanced media management, intuitive user experience, location and segment targeting, powerful analytics, and extremely low costs compared to traditional advertising methods. The document provides examples of how First Bank could use the platform for flash SMS campaigns, voucher distribution, social media connectivity, and video distribution.
Credomatic is a large payment processor that offers:
1) Stability as a $7 billion acquirer and issuer with over 150,000 merchants and 2 billion cardholders.
2) Next day funding on transactions for partner merchants.
3) A complete suite of payment solutions including credit/debit processing, electronic check services, and gift cards.
This document discusses centralized banking solutions (CBS), also known as core banking solutions. It defines CBS as a solution that enables banks to offer services from a single location supporting retail and corporate banking across all delivery channels. The key benefits of CBS include offering a single point of management, preparation for current and future requirements, and better integration across software and hardware. The document also outlines some major global and domestic vendors that provide CBS.
National Automated Clearing House (NACH) an Overview by VSoftVSoft Technologies
VSoft Technologies a leading Banking and Payments solutions provider for banking and Financial Institutions gives an over view of Cetrum Mandate enabled ACH Payments System and NACH platform of NPCI.
Core banking chapter 4, benefits of core banking, essential requirements of core banking, suggestions for the co-operative banks to implement core banking system
The document discusses several core banking solutions including Finacle, TCS BaNCS, and FLEXCUBE. Finacle is a core banking product developed by Infosys that is used by over 450 million customers in 84 countries. TCS BaNCS automates all aspects of banking operations. FLEXCUBE is a universal banking solution from Oracle that offers core banking, retail banking, and direct banking modules. The solutions provide benefits such as centralized processing, multi-channel access, scalability, and cost reduction.
Cogent has developed CRM software tailored for the ATM industry. It has integrated the software with ATM switches to retrieve data in real-time. Cogent has implemented successful solutions for various ATM companies. Cogent offers advantages like over 12 years of experience, rapid implementations, customized solutions, and a proven SaaS business model. The software includes modules for incident management, call allocation, call disposition, activity management, equipment management, and other features like portals, reporting, and analytics. The target segments are ATM manufacturers, distributors, outsourcing companies, and banks.
Core banking systems allow banks to provide integrated banking services to customers across branches through a centralized system. It removes geographical limitations and provides services such as deposits, withdrawals, payments processing, customer onboarding, and loans through multiple channels like mobile and online banking. Core banking solutions provide advantages like improved operations, reduced errors, easy product management and a centralized view of customer information.
Eva Contactless Position Paper October 2009 FinalRoberto Grossi
The EVA, made up of 18 national vending associations and 58 companies, is hoping to follow the lead of US counterpart, NAMA, and encourage the introduction of contactless payments at machines.
The position paper is aimed at credit card companies and banks and hopes to "break the deadlock" with financial institutions on transaction costs, a major barrier to the introduction of the technology.
Core banking solutions allow customers to access their bank accounts and perform transactions from any branch by merging communication and information technologies. This includes recording transactions, maintaining records and accounts, and calculating interest. Finacle is an example of a core banking solution that is web-based, supports multiple languages and currencies, and facilitates 24/7 operations across channels. It can process over 11,000 transactions per second.
Organizing stakeholders and working with mobile network operatorsMahesh Amarasiri
Organising stakeholders and working with mobile network operators
This was presented at Central Banking Publications training course,Effective Oversight of Mobile Payments
3, 4 & 5 December 2013
Kuala Lumpur
This session focuses on the building blocks that are critical for central banks to bring their oversight plans into effect. The speaker will discuss the fundamental components of the oversight programme, identifying what needs to be produced and when. The question of what resources need to be allocated to generate the desired output and outcomes will also be considered. Two oversight methods will be discussed, one dealing with continuous monitoring and evaluation of the payment system; and a change-driven approach that considers risk analysis triggered by the occurrence of various events.
Back office check conversion is presented as a superior alternative to point-of-purchase check conversion. It allows processing of all checks at a single back office location rather than requiring individual scanners at each checkout lane. This reduces costs and complexity while streamlining depositing and accounting across multiple store locations. Checks are stamped with authorization at checkout and scanned daily in the back office, then funds are electronically deposited in the merchant's account within 48 hours while minimizing changes to customers' routines.
ATMs have always been complicated equipment, requiring special attention of the personnel engaged in its maintenance and operation. ATMMon system provides a convenient tool for a wider specialist community. It enables to accelerate response time to incidents, improve search and eliminate faults, optimise cash flow management and maximise ATM accessibility to increase customers’ satisfaction
Online banking allows customers to conduct financial transactions through a bank's website rather than visiting a physical branch. It connects to the bank's core banking system. Core banking is a service that allows customers to access accounts and perform basic transactions from any bank branch that uses the same system. It involves processing transactions, managing accounts and relationships, and establishing interest rates across a network of branches. Both online and core banking provide advantages like convenience, lower costs, and increased productivity for banks.
RBS WorldPay offers full-service payment processing including authorization, settlement, and virtual terminals. They provide competitive pricing, excellent customer service, and a reliable infrastructure backed by redundant data centers. RBS WorldPay handles all major credit and debit cards with software that recognizes debit transactions and requests PINs. They also offer custom stored value cards and equipment replacement programs.
Revolutionary developments in marketing, information and
communications technology continue to transform the banking and
financial industry. Distribution of banking services through the Internet is
an important part of this transformation. The objectives of this thesis are
mainly to assess the potential functions of e-clearing with respect to error
free fast funds settlement and to evaluate the competitive advantages of
Electronic Clearing House over Automated Clearing House. The study
explores the Electronic Clearing House in the perspective of time savings,
various costs elimination and maximization of profit for all the
stakeholders. The security measures in terms of digital signature to secure
data and information exchange over the internet would also be examined.
My research work during (Executive MBA 2006 ~ 2008) has been internationally published (Apr-2012) by LAP Publishing Germany. The topic of research was “Comparative Study of Automated Clearing House (ACH) AND Electronic Clearing House (ECH)”
https://www.morebooks.de/store/gb/book/comparative-study-of-ach-and-ech/isbn/978-3-8383-9439-8
Newgen provides comprehensive document and process management solutions for banks and financial institutions. Their solutions allow for [1] centralized processing of documents through scanning, workflow automation, and archival capabilities, [2] integration with core banking systems for real-time updates, and [3] improved turnaround times and cost savings through process optimization. Their offerings have been implemented by numerous banks globally to streamline processes like account opening, loans, trade finance, and more.
Flux PayDirect NACH IndusInd Bank Case Studyevolvus
This document provides an overview of Evolvus Solutions, a banking technology company focused on risk management, payments, and business process automation. It describes the company's offerings including COMBAT for risk management and Flux for payments processing. It highlights key customers in regions like Africa, Asia Pacific, Middle East, and Europe. The document also provides details on some of Evolvus' implementations including projects for payments migration, direct debits, and risk management platforms. It positions Evolvus as a solutions partner focused on these areas with a team of over 75 banking professionals and offices in India.
Paymantix is a developer of payment processing platforms that provides solutions for banks, fintech startups, merchants and other institutions. It offers a customizable processing platform called PM Processing that allows for integration with various payment methods and provides features such as fraud prevention, reporting and customization. Clients can choose between a PaaS or in-house version and Paymantix offers services like integration support, consulting and risk management. Setting up payment processing involves steps like customization, connection configuration and launch.
Informatica for Managing SWIFT Payment IntegrationKim Loughead
Overview of Informatica's solution to help financial services organizations connect and managing global payment data exchange including SWIFT, NACHA, or SEPA messages
These slides were presented during the Microinsurance Innovation Facility’s second webinar, co-organized with the Microinsurance Network, and held on July 13th, 2011. It focused on "New Frontiers in Microinsurance Distribution", their strengths and weaknesses, and areas that can be explored to make these channels work more effectively from the insurer and client perspective. This webinar follow a recent paper on alternative channels prepared by Cenfri (http://www.ilo.org/public/english/employment/mifacility/download/brnote7_en.pdf). Presenters were Brandon Mathews from the Zurich Financial Services, Anja Smith from Cenfri, and Pranav Prashad from the Facility, with Jasmin Suministrado of the Facility as moderator.
Xybertek Systems introduces a mobile live screen solution that allows businesses to send targeted messages like advertisements, coupons, social media connections, and videos to millions of mobile users simultaneously. The platform uses mobile broadcast and point-to-point delivery over 2G and 3G networks. It offers advanced media management, intuitive user experience, location and segment targeting, powerful analytics, and extremely low costs compared to traditional advertising methods. The document provides examples of how First Bank could use the platform for flash SMS campaigns, voucher distribution, social media connectivity, and video distribution.
The document outlines a proposed "Pay Later" API specification that would allow customers to pay for purchases in installments directly through their bank. The key points are:
1. The API would allow a customer to select installment loan terms directly through their bank during checkout at a merchant website.
2. It describes the customer journey where the customer authenticates with their bank, selects installment payment options, agrees to terms, and the merchant receives authorization for payment.
3. The API is designed to reduce costs for banks and merchants while providing customers more flexible payment options directly through their bank during the checkout process.
The document discusses RouteOne's Risk-Based Pricing tool which helps dealerships comply with risk-based pricing rules. The rules require dealers to provide notices to customers when credit terms are less favorable than most favorable terms available. RouteOne's tool generates credit score disclosure notices for customers requesting credit using their credit score, automatically populating consumer information to simplify compliance. The notices can be printed and archived in RouteOne's system. The tool is free for dealers and helps ensure notices are provided for every customer seeking financing.
Plutus Promozone allows merchants to [1] promote to existing customers in-store to increase same-day spending and drive return visits, [2] attract new customers through targeted promotions, and [3] earn revenue by allowing other brands to promote to their customers. Merchants can leverage transaction data and targeting capabilities to deliver personalized promotions on charge slips. Pine Labs will source and print promotions for merchants and share resulting transaction data and revenue. An initial free pilot program is proposed to demonstrate Promozone's customer acquisition and sales lift abilities.
An Introduction to Legal Aspects of Customer Acquisitions for StartupsNow Dentons
In this presentation, FMC’s Gal Smolar discusses an introduction to the legal aspects of customer acquisitions for startups. The presentation focuses on customer acquisitions, acquisition contracts, trends, right to data, restrictive covenants, exclusivity, joint development and customer acquisition tips.
Gal Smolar is a partner in FMC’s Vancouver office. Gal is a Practitioner of Foreign Law and brings to Fraser Milner Casgrain his broad international experience in commercial and corporate law and in particular in the field of technology.
Mobile network operators face challenges with outdated billing and contracting systems that make it difficult to launch new products and lead to customer service issues. DIADEM seeks to address this by developing a blockchain network using decentralized smart contracts to handle billing, payments, and contracting. This would allow operators to quickly launch new offerings and give customers real-time billing access and clarity on charges through a mobile app. The project is led by an experienced team aiming to disrupt the telecom industry through this innovative solution.
Integrative solution for BMO Credit CardPramod Jindal
The document proposes an integrative credit card solution called the BMO Flex Card that combines features from multiple existing BMO credit cards. The Flex Card would allow customers to customize their card by allocating units to different rewards programs. This proposed solution aims to improve customer service, increase efficiency for BMO, and create value for stakeholders like customers, partners, and Mastercard. The document discusses testing the interface, complications of the new process, and how the Flex Card could add value for BMO through higher efficiency and profits.
Blockchain is a shared, replicated ledger technology that can open up business networks by reducing costs, improving efficiencies, and increasing accessibility. IBM supports an open standards, open source, open governance blockchain and is a member of the Linux Foundation Hyperledger project, which is developing open source shared ledger technology. IBM offers customers an engagement model to explore blockchain applications through conversation, demonstrations, proofs of technology, and first projects to help get customers started using blockchain now.
Blockchain is a shared, replicated ledger technology that can open up business networks by reducing costs, improving efficiencies, and increasing accessibility. IBM supports an open standards, open source, open governance blockchain through contributions to the Linux Foundation Hyperledger project, which is developing shared ledger technology. IBM offers customers an engagement model to explore blockchain concepts, show proof of technology applications, and integrate blockchain solutions into their enterprise systems.
The Swedish framework agreement provides a procurement process for open source software for the public sector. It allows for mini-competitions among 5 approved suppliers with over 100 subcontractors. The key contract terms require suppliers to provide source code and changes back to communities, and give customers non-exclusive rights to modify and develop the software. While the framework has been in place since 2011, most purchases so far are for commercial open source products with services rather than true open source contributions, showing a lack of understanding of open source among buyers.
This chapter provides an overview of futures contracts, including their history and development. It discusses key concepts such as contract specifications, margin requirements, order types, categories of futures contracts, and pricing models such as cost of carry and basis. The chapter also outlines futures exchanges and compares features of futures versus forward contracts.
This document provides an overview of blockchain technologies and how IBM can help businesses apply blockchain. It defines blockchain as a shared, replicated ledger that allows all network participants to see the system of record. The document outlines several potential benefits of blockchain, such as reducing costs and complexity while improving discoverability and trusted recordkeeping. It also presents several example use cases across different industries where blockchain could help address business challenges. Finally, the document describes IBM's engagement model for helping customers explore blockchain technology through demonstrations and developing blockchain applications.
The document discusses various topics related to mergers and acquisitions (M&A), public offerings, and financial services. It defines key terms like greenshoe option, private placement, bought deals, e-IPO, and offshore issues. It also outlines the steps involved in M&A deals and describes different types of takeovers. The benefits of M&A are listed as synergies, growth, profitability, diversification, tax benefits, efficient cash use, and more.
Fortumo is a mobile payments company that enables carrier billing in 88 countries. They integrate with over 300 mobile operators globally to allow users to purchase digital goods and services through carrier billing directly on their phone bills. Developers integrate Fortumo's payment services through APIs and SDKs, allowing users to make purchases with their phone number. When a purchase is made, Fortumo confirms the payment with the user's mobile operator and the developer receives payment, less Fortumo and operator fees, after the user's phone bill is paid.
This document provides an overview of an e-commerce course. It discusses that the course is a half unit elective course consisting of 30 lectures. Assessment will include assignments, tests, and presentations worth 20% of the grade, while the final exam will be 80% of the grade. It recommends several reference books and assignments students to design an e-commerce website. The document also provides an overview of the implementation of e-commerce in Bangladesh, including an e-commerce committee and efforts to pass electronic transaction laws.
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This chapter discusses the controls, measures, and accounting procedures used to manage risks in futures and options trading. It highlights three main risks: market risk, credit risk, and settlement risk. It emphasizes the importance of segregating responsibilities throughout the organization to manage conflicts of interest. The chapter outlines categories of risk measurement, segregation of trading, middle office, back office, and other functional responsibilities to ensure proper authorization and risk management.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
3. Introducing Instant EMI Solution for 0% Financing Offers
• Manufacturers can drive incremental sales by launching an attractive real-time EMI
offer on White Goods, Consumer Electronics, Travel Packages and much more
• Higher sales volumes
• Control over products - to sell slow-moving goods, restrict to high-margin products,
improve sales in competitive categories or launch new product lines
• Control over merchants – offer presented only at designated stores during designated
time periods
• EMI transactions are authorized at the POS in real-time…
• Manufacturer sets centralized rules by Product Category, by Duration, by Merchant and
Store, by date, and by transaction value
• Manufacturers can contract with multiple credit card Issuers to make offers available to
broadest possible prospect universe
• Merchant does NOT need to install devices or train cashiers – all rules are set centrally
and enforced automatically
• …and settled directly between Issuer and Manufacturer
• Financing cost is reported daily – by duration, product, store, etc.
• Manufacturer reimburses the negotiated subvention rate to Issuer via ECS payment
3
4. How It Works: seamless customer experience at the Point of
Sale, with complete control from backend
Manufacturer logs into At the Point of Sale, Plutus application asks Plutus queries EMI Host for
1 EMI Host and sets offer
2 Cashier selects EMI
3 Cashier to enter Product
4 applicable Offer – for that
rules: Product, Retailer, transaction and swipes Category & Serial Number product, card, amount, etc.
Location, Duration, customer’s Card
Issuer & Rate
BANK
8 Plutus generates 7 Plutus receives 6 Customer selects EMI Offer 5 Plutus displays available
settlement reports at End authorization & prints and Plutus sends offers to Cashier
of Day charge slip transaction to Bank
4
5. Key Benefits: EMI program supports flexible schemes,
creating a valuable new marketing channel for Manufacturers
•
1 Control offer delivery at the Point of Sale
• Set centralized rules to control which EMI offer is presented to the consumer – eliminate Cashier
decision-making
• Configure by product category & product line, by merchant or by store, by date range and by
Issuer
• Use convenient web interfaces to update or edit schemes in real-time
• Substantially reduce the risk of offer fraud and eliminate Cashier decision making
2 Increase reach into Issuers’ portfolios and at Retailers’ outlets
•
• Plutus front-end application can be integrated with Merchant’s POS Application , eliminating the
need for Cashier data entry
• No need for EDC hardware installation and cashier training
• Tie up with multiple Card Issuers: no need for “on us” transactions, no need to install new EDC
machines at merchant outlet
3 Leverage rich MIS at the cardholder and product level
•
• Receive automated reports – or pull in real-time from EMI Host using convenient interfaces
• Reports include cardholder details, transaction information, computation of financing costs
• Manufacturer can leverage MIS to track performance of individual EMI campaigns in real-time
5
6. 1
Manufacturer sets rules by Product, Amount, Retailer and
Time Period using online interfaces – for centralized control
Manufacturers can set rules by:
1. Product category: set EMI terms by
product categories. For example, 12
month EMI on Televisions and 3 month
EMI offers on mobile phones
2. Transaction value: set EMI terms by
cumulative amount. For example, 12
months on purchases > Rs 50,000; 6
months on purchases < Rs 50,000
3. Merchant: set MIDs and regions
eligible for offer. For example, program
applies only to Croma stores in North
4. Offer dates: set program duration. For
example, scheme can be run for month
of November only
5. Issuer: set rules for Issuer and for BIN
range of cardholders
6
7. 2
Program’s reach extends to multiple Issuers’ cardholder
portfolios – without EDC installation
Conventional EMI Solution
• EMI offers for “on-us”
transactions only – locked into
single Acquirer/Issuer
• Slow time to market of any new
EDC Single Acquirer/ program
Issuer
Plutus EMI Solution
• EMI offers from multiple Issuers –
Issuer 1 add or drop at will
• Issuers can set rules to accept
cards by BIN range for EMI offers
Acquirer Issuer 2
POS • Reconciliation and settlement
reports generated EOD for all
parties
Issuer 3
7
8. 3
Plutus provides rich real-time MIS for reconciliation,
including cardholder and product details
Online User Interfaces
1. Customer-level data: Name,
phone number, address, product
category, serial number
2. Transaction-level data: Product
category, Merchant, Location,
Value
3. Offer-level data: Issuer, EMI
scheme details
4. Automated computation of
finance charges
5. Fraud management: velocity
checks, de-duplication
8
9. Our solution benefits all stakeholders in the EMI program,
increasing adoption and ROI of EMI
Manufacturer Retailer Issuer
• Higher sales on select • Higher turnover in the • Higher volumes of credit
products and Retailers store, especially on high- card usage, at no extra
ticket items cost
• Ability to run targeted
campaigns - seasonal, • Convenient integration • Automation of EMI Offer
new product launches, with Manufacturer sales processing and
incentives on slow- strategy at minimum settlement
moving goods or high- operational effort
• Access to “off us”
margin products
• Rapid check out process transactions at the
• Convenience & control of Retailer
• Opportunity to integrate
launching and editing EMI
directly with POS • New income streams
Offer strategy in real-time
application from financing charges
• Complete MIS for
• Differentiated offer to the
performance evaluation
cardholder
9
11. Introducing Plutus, our credit & debit processing application
for the PC POS
How It Works
• Solution runs on existing
PC-based POS
• Merchants install Plutus via
CD and guided installation
interfaces
11
12. Plutus Features Summary
Certified by major Bank Accepts all payment Best-in-class security
Acquirers, and Visa instruments features
• ICICI, HDFC, AXIS, • Cr/Dr • 3DES data encryption
HSBC Global Payments, • Pin-based from swipe
Citibank, SBI • EMV • User access
• Amex • Mobile management
• Visa PCI, EMV • PPC/GV • TID licensing and key
• Contactless management
• Input device control
Only PC-based product - Integrated with leading
Value-added features
replaces EDC POS peripherals
• Higher security • Plutus Multi-acquirer - • Card readers - MagTek,
• Flexible connectivity - route transactions to AMDL, Wincore
CDMA, VPN, VSAT, IP preferred Acquirer • Bar code scanners
• Integrated with Biller - • Plutus Secure - Bank- • PED
manual data entry certified IP connectivity • Smart Card reader
• Touchscreen enabled • Transaction • Printers - OPOS,
• Batch reporting Reconciliation - central Windows
• Supports split data warehousing &
transactions management
12
13. Key value drivers of Plutus - At A Glance
1 Replace EDC terminals
•
• Eliminate dial-up charge for cr/dr transactions, and landline charges for each EDC terminal
• Switch to always-on, high speed internet processing
• Remove counter clutter
•
2 Streamline operations at the POS
• Reduce need for cashier training
• Automate data entry by integrating Biller and cr/dr payment transaction
• Eliminate cashier manual data entry, and increase transaction speed
•
3 Centralize transaction routing
• Eliminate cashier decision-making
• Extract favorable MSF terms from Acquirers for high transaction volumes
• Change routing rules (Acquirer strategy) centrally at the touch of a button - no retraining of cashiers required
•
4 Leverage Transaction warehousing and automatic reconciliation
• Digitize & automate reconciliation of POS settlement and Acquirer payment advice
• Leverage rich MIS, including Acquirer-level transaction analysis and quarterly audit reports
• Centralize POS-level alerts, e.g., unsettled POS
• Save cashier time
5 Rely on highest Security standards
•
• End-to-end PCI Compliant solution eliminates need for PCI certification of merchant’s POS or network or data
center
• EMV-compliant card acceptance through Pin Entry Device integration
13
14. 1
Plutus replaces EDCs - and their associated
telecommunication cost
EDC Functionality Plutus Scenario
• Every Cashier counter must have EDC • NO need for EDC - Plutus is a software
application which can run on any Windows
based PC or PC-POS
• Every EDC must have PSTN telephone • NO need for PSTN lines - Plutus can support
line transaction processing through existing
- Assuming Rs 1 per call, and 2000 broadband connection
transactions per month in each store • To make transaction secure and acceptable to
- Plus Rs 150 for landline rental for Visa / Master and AMEX, Plutus comes with
each EDC terminal, and 3 EDC PA-DSS approved VPN connection
terminals per store - Rs 150 for Secure VPN Plutus connection
- => Monthly telco costs are Rs 2650 for 3 POS = Rs 450
- Plus monthly internet cost of Rs 200
- => Monthly telco costs are Rs 650, a
savings of Rs 2000 per store per month
• In case of acquiring by multiple banks, • All acquiring banks are available in single
multiple EDCs required at every till, application
resulting in clutter • Axis Bank, ICICI, HDFC, Citi, HSBC, AMEX
14
15. 2
Second, Plutus streamlines operations at the POS
EDC Functionality Plutus Scenario
• EDC cannot be integrated with biller • Intuitive Windows-based interface limits training
applications on POS of cashiers and reduces human error
• Can be easily integrated with any biller
application, using Windows based COM API
• Workflow automation reduces overhead, speeds
time to resolution
• Cashier manually enters amount in • Transaction Amount is passed by biller directly
EDC, leading to data entry errors to Plutus. No data entry possible
• EDC dial up is slow, resulting in longer • Faster transaction times through automation and
queues faster connectivity reduces queuing time
15
16. 3 Third, centralized transaction rules allow the merchant to
optimize acquiring strategy without relying on cashiers
EDC Functionality Plutus Scenario
• Manual decision by cashier to • Plutus selects Acquirer based on rules
select most optimal acquiring bank • Rules are set centrally at HO - not by the
(for example, lowest MSF rate) cashier, creating real savings on MSF rates
• Limited ability to enforce complex • Complex rules - for example, on-us versus
rules - based on cashier’s off-us optimization; time-based; default
judgment acquiring - can be set using intuitive
interfaces
• Cashier training is required to • No cashier training required
route transactions to most suitable • Rule changes are propagated in real-time
acquiring banks in the field
16
17. 3
Multi-Acquirer solution ensures transactions are routed
to on-us Acquirer with favorable MSF rate
Single Acquirer Solution ~70% of transactions
are routed to V/MC for
off-us settlement
Issuer 1
QuickTime™ and a
decompressor
are needed to see this picture.
POS Single Acquirer/ Visa/Master- Issuer 2
Issuer card Gateway
Issuer 3
Multi Acquirer Solution Only ~20% of
transactions are
routed through V/MC
for off-us settlement
Acquirer/Issuer 1
QuickTime™ and a
decompressor
are needed to see this picture.
Other Issuer
POS Acquirer/Issuer 2 Visa/Master-
card Gateway
~80% of transactions
are routed directly to
Acquirer.Issuer for on-
us settlement Acquirer/Issuer 3
17
18. 4 Lastly, Transaction Aggregation and Reconciliation
eliminates paper-based reconciliation and reduces error
EDC Functionality Plutus Scenario
• Each transaction is deleted upon • Transactions can be stored in TRM for whatever
settlement period required
• Centrally accessible user interfaces render
transactions volumes, settlement and reconciliation
status and allow users to search by zone, store,
POS, transaction, etc.
• Settlement is controlled by cashier, • Central user interfaces show alerts for unsettled
and often overlooked - payments batches
are settled late
• Reconciliation between settlement • Reconciliation of each batch with bank’s payment
reports and banks’ payment advice is automatic
advice is manual and labor • Disputes are flagged and entered into work flow for
intensive easy resolution
18
19. 4
TRM centralized payment advice reconciliation &
workflow tools
1.Frees up
cashier’s time
2.Eliminates
manual errors
3.Speeds
quarterly
audits
• Centralized reconciliation of settlement and payment advice
• Digitization of statements
• Integration into automated accounting and dispute resolution
workflow
19
20. 5
Security: current POS devices & networks are insecure
Component Security Concerns
POS device • Track data encryption from the point of card swipe
Dial-Up • “Sniffing” - credit card data is transmitted in plain text and can
connectivity easily be intercepted
CDMA, VPN or • No end-to-end security - reliant on retailer LAN to secure data
VSAT networks at POS before transmission outside of store
Storage • Sensitive data resides in central data, providing hackers with a
single point of attack - “jackpot” scenario
Business • User access poorly controlled, allowing capture of credit card
processes data
20
21. 5
Plutus Secure application enables transaction processing
via broadband - PCI PA DSS certified
Transaction Process Flow with
Plutus Secure
Broadband
PC-based POS in Bank Payment
Connection on Data Centre
Store Switch
Public IP
• Secure card swipe • Transmission of • Data transformation to • Transaction
• Data packet encryption encrypted data packet in bank protocol authorization
secured channel
Faster transactions, with higher
Security at lower connectivity cost
21
22. Proposed Architecture: Plutus with Secure Internet
connection to Banks
Secure Processing via Internet
• TRM stores masked data for
transaction management
• Automatically reconciles with
Banks’ payment report
• Data encrypted and
transmitted securely via
broadband
• End-to-end PCI Certified -
merchant’s network
requires no certification
• Rule Configurator
sets routing rules
at POS level
22
23. Our Contact Details
We would be more than happy to demonstrate
the solution and offer a FREE trial
http://pinelabsblog.com
contact@pinelabsblog.com