Solutions

Essentis allows issuers and acquirers

• to increase revenues by reducing time to market, by cross-selling existing customers and by providing a platform to grow an international issuing and acquiring business
• to reduce costs through a platform which has lower costs of customer acquisition and servicing and which has lower IT costs due to its comprehensive rules based product definition
• to control risk through credit risk management and transaction monitoring and by providing a modern, proven solution which maintains compliance with payment scheme changes

Essentis Issuer provides the means to define the terms and conditions of payment products, to open new accounts and issue cards, to process authorization requests, to post transactions, to handle customer service, to bill customers and to monitor delinquency.

Essentis Acquirer provides the means to define the terms and conditions of merchant agreements, to open new merchant accounts, to post transactions and settle merchants, to handle merchant service, to monitor potential fraudulent activity and to calculate charges and bill merchants.

Essentis Interchange provides interfaces to the Visa, MasterCard and JCB clearing and settlement systems and to other payment schemes. It processes incoming interchange files, generates outgoing interchange files, handles reconciliation reporting and supports the chargeback cycle for both issuers and acquirers.

Essentis Open Messaging provides an XML message interface which can be used to connect multiple delivery channels to the back office functions in an easy and standard way. Essentis has been fully integrated with call centres, branch networks, telephone banking and internet service platforms.