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Sedam Krat 24 - Financial Transactions

Each day, there are more and more participants of electronic payment systems. Those participants need to communicate with each other, although they use different communication protocols (X.25, FrameRelay, SDLC, TCPIP, ..) and different message formats (APAX30, ISO8583, SPDH, proprietary standards, ...). On the other hand, mechanical equipment, used in those transactions, has been changing so rapidly that financial institutions and merchants, commonly use three or four generations of equipment and each of them uses different communication protocols. With each release of new type of equipment or with each incorporation of a new participant in the electronic payment system, additional effort is needed to adapt an existing system to a new communication protocol or message format.
Imagine a room full of people where everyone speaks different language - they do not understand each other. One of the solutions can be to teach them all one universal language, but in reality it is not possible. The ideal solution would be to find a person who knows all the languages used and who is capable to translate all the mutual messages.

Important characteristics of the solution are:

  •  Routing transactions flexible configuration
  •  Security / Encryption
  •  Recording of transactions
  •  Multi-format messages
  •  Open system / Scalability

To support financial transactions, we offer:

  • Front-end and back-end solutions and services for enabling and facilitating financial transactions
  • Consulting, development, distribution and integration into the transactional system

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