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| The VCOS EFT switch is the
component on VCOS which provides a solution for processing both card
and non-card based transactions within and across financial
institutions. In its modular form it can be configured as a central
switch for a group of institutions, as a participating member
institution and as an interface for systems internal to an
institution. This switch is generic and is used for applications
spanning shared ATM systems, EFT/POS systems, stored-value card
systems, VISA systems and Internet direct debit systems. Additional
software from the suite of Isis banking solutions are normally
configured with the generic VCOS EFT switch for the different
applications. |
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Its
functions
As a generic switching
engine, the VCOS EFT switch conforms to all common practices and
principles of processing such transactions in banking. The switch,
being part of VCOS, also incorporates very advanced techniques in
this largely traditional area of banking which has not seen much
improvement in ease of implementation and support. The advanced
techniques of VCOS makes this one of the easiest switches to work
with, particularly in the area of integration and ongoing
maintenance due to the revolutionary VCOS techniques.
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The VCOS EFT switch easily satisfies traditional principles
and practices which include: -
communications SNA LU6.2 APPC, x.25, TCP/IP, IBM
MQSeries - message
switching real-time and store &
forward - message
formatting ISO 8583, XML, field code
orientated -
transaction processing integrity and checkpoint
recovery - 24x7 non-stop
operations log switching,
backup - transaction
logging system log, trace
log, transaction log - encryption and security HSM -
device drivers ATM, EFT/POS |
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Its
Advantages
Where the VCOS
EFT switch differs from a traditional switch is the manner in which
work is carried out in customization, implementation, operations and
support.The VCOS GUI facilities spanning creation, hosting,
operating and administrating the complex set of software that makes
up a switch, in a compartmentalized form that is maintainable for
this specialized area of banking where expertise is very difficult
to find, is what makes the VCOS EFT switch compelling.VCOS component
technology compartmentalizes the different areas and through GUIs
“packages” each part of a switch so that it may be worked with
independently and easily through parameters. Sophisticated VCOS
simulators completes this very effective environment by providing a
means of enforcement of quality, performance and standards spanning
individual components through the entire sub-systems. The
requirement of highly qualified staff and high quality intricate
work is greatly reduced (along with their cost and risks) with the
VCOS EFT switch. |
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