| With significant growth in online and mobile commerce, card payments are expected to continue to show high growth in the near future. Mobile payments are expected to increase threefold to $796 billion by 2014. Today, 86% of e-commerce payments are made via credit, debit, prepaid or other payment media. According to a report, 250 million cards will be used for contact less payments next year, driven by migration to EMV chip-and-PIN and growing contact less POS infrastructure.
Intellect Cards is a Comprehensive Payment Card Application that addresses all Credit Card, Debit Card, Prepaid Card and Retail Card business needs across Issuing, Acquiring, Fraud monitoring, Loyalty management and Delinquency management. Compliant to latest EMV standards and supporting VSDC 1.4.1 and MCHIP 4.0 specification, it also supports traditional magnetic stripe cards along with latest chip based EMV cards.
All features pertaining to Issuing business such as Product definition, Card Issuance, Transaction processing / 24x7 authorization, billing & statements,dispute management, customer services, GL & Interchange management are supported.The solution also supports features pertaining to Acquiring business such as Merchant enrollment, terminal management, commission and discount management, merchant payments and settlements, merchant services, dispute management, GL & Interchange management.
Intellect Cards has the capability to offer Multi Organization, Multi Product, Multi Currency & Multi Language solutions for Local & International. It is compliant to Credit and Debit programs (IPM/ Base II). The solution is easily deployable and built on Service Oriented Architecture (SOA), providing high availability, disaster recovery and a true application-level synchronization with reduced integration complexity. |
