Vision Financial Switch is our flagship licenced product which we customize as per our client’s needs. Vision Financial Switch offers a complete solution for all types of transactions as well as a significant cost saving for our clients. It is a result of years of experience in BFSI domain and R & D by our team our experts.
Vision Financial Switch has been successfully implemented at various client sites which are transaction intensive like the banking industry and has received rave reports for its performance.
Financial Switch for the uninitiated
Financial Switch has the capability for driving all the industry standard front-end devices such as ATMs, Point of Sale (POS) for processing of Debit, Credit and Smart cards, cash-in systems. It is essentially an electronic payment software that provides transaction authorization across core banking networks and systems and connects ATM terminals, transaction switching, card management and interfacing to National Financial Switch and financial switches of other banks
Why is it important for you?
Financial Switch also integrates with new generation payment channels, such as internet payment gateway and mobile payment systems. Therefore it is a must- have solution for any payment solutions provider.
VisioNext’s Vision Financial Switch
Key Features
- Supports Cash withdrawal, balance enquiry, mini statement, fund transfer and PIN change
- Supports Multi-lingual screens
- Comes with Reversal mechanism and transaction reports
- Screen configuration and user management
- Offers ATM configuration and support for any number of A TM terminals
- Supports Track 2 and T rack 3 cards
- Has Online transaction monitoring tools
- Card management interface supports different type of cards
- Allows Integration to National Financial Switch
- Bill payment
Technology and Interfaces
- Vision Financial Switch has a robust technology framework-
- Supports ATMs with Wincore / NDC (NCR Aptra) message A TMs DES / 3DES based PIN management
- Hardware Security Module (HSM) supports PIN / CVV1 / CVV 2 generation, validation and translation
- Routing Engine - routes messages to authorization system depending on the routing rule
- Interchanges I / F - uses ISO 8538 messaging to interface with National switch
- Supports multiple Cash Dispense logic
- Scheduler supports scheduling of batch processes
- Transaction engine ensures processing and routing of messages per workflow
The Vision Financial Switch Advantage
Vision Financial Switch provides the following benefits to the financial institution and its customers –
The application provides switching and routing to major networks, card associations and processors
- Supports the routing of transactions through various delivery channels including smart mobile devices and phones
- Vision Financial Switch also allows a common set of middle office services to be accessed by multiple channels and supports a wide range of POS devices and ATMs
- The switch supports high volume, high availability processing through a scalable architecture that can run on a variety of platforms.
- Vision Financial Switch connects to the National Switch, which in turn helps route transactions to other Bank switches, networks and ATM terminals.
- Supports consumer e-payment transactions
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