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PL-Major-financial-institution-acquiring-and-issuing-switch-solution

The largest card issuer runs an acquiring and issuing switch for transactions with connections to all significant card associations for authorization. With a throughput of more than three million transactions per week, it processes 60% of the nation's credit authorization transactions.

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PL-Major-financial-institution-acquiring-and-issuing-switch-solution

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  1. Acquiring And Issuing Switch Client The largest bank in the Philippines and a member of the SM Group of Companies, one of the country's largest and most successful conglomerates. Designed clients user experience for a tablet form factor Developed and implemented the solution in production on schedule Business challenge The largest card issuer, operates a transaction acquiring and issuing switch with authorization links to all major card associations. It processes 60% of the country’s credit authorization transactions with a volume of 3+ million transactions/week, and had challenges: Results ThoughtFocus has successfully run the support and development program, with an in-place roadmap for the past years: Upgraded the platform with a second generation acquiring and issuing switch to increase the throughput from 20 tps to 300 tps Required development and support services to upgrade its technology, implement regulatorychanges, develop custom enhancements, and produce a future release roadmap Implemented new custom messaging layer, eliminating the 3rd partysoftware dependency Required the implementation of a high availability redundant architecture with real-time failover processing nodes along with data redundancyto achieve 99.99% transaction processing uptime Implemented EMV support and integrations into China Union Pay and JCB networks A five year roadmap for updating the switch, providing support for mobile payment, P2P transfers, loyalty program, and other services Approach ThoughtFocus was presented with the initial concept and tasked with the responsibility of developing the end-to-end solution from conducting the feasibilitystudy to deploying in production: Business benefits Reduced turnaround time through redundant architecture Designed multiple options as part of the solution architecture and presented feasibility and pros and cons for each option Improved processes by upgraded support services and integrations Selected the chosen architecture to ensurealignment of requirements and designed the final solution 1 www.thoughtfocus.com betterfuturefaster@thoughtfocus.com

  2. ThoughtFocus helps forward-looking companies innovate. We are a technology leader in financial services and manufacturing. Our innovative and cutting-edge technology solutions enable new capabilities to be deployed faster, deliver better user experiences, and reduce operating costs. We do this through executional excellence, guaranteeing innovation, and mitigating the risk of change. ThoughtFocus has a single mission – helping you achieve a better future faster. We are a US based privately held company funded by Blackstone with over 2300 employees across offices in 5 different countries. www.thoughtfocus.com betterfuturefaster@thoughtfocus.com

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