1 / 10

Muir Software and Online Strategic Systems Corp present MOSS to

Muir Software and Online Strategic Systems Corp present MOSS to Your Financial Institution (FI) October 6, 2006. OSS. Agenda. Introduction to Muir Software and OSS Historic Overview of OFX Review of MOSS Product Unique Competitive Benefits of MOSS Muir Customers & References

tucker-mcconnell
Download Presentation

Muir Software and Online Strategic Systems Corp present MOSS to

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Muir Software and Online Strategic Systems Corp present MOSS to Your Financial Institution (FI) October 6, 2006 OSS

  2. Agenda • Introduction to Muir Software and OSS • Historic Overview of OFX • Review of MOSS Product • Unique Competitive Benefits of MOSS • Muir Customers & References • Contact Information OSS

  3. Introductions & Background • Muir Software • Nevada and Silicon-Valley based software developer • Acknowledged Pioneer of XML-based systems since the late 1980s • Delivered 1st production OFX server in 1997—still running at Schwab • Muir’s MOSS product powers many of the highest profile OFX systems • Have now introduced MORE Requestor product for n-Tier systems • Online Strategic Systems • Dallas-based software developer and professional services firm • 2004 Virtual Consolidation of several complementary existing firms • Decade+ years of ongoing operations, trusted by long-term, loyal customers • Specializing in financial transactions, imaging and loans processing • Principals experienced with providing solutions to the largest and most demanding world-wide financial services, checks, card-based payments and both online and POS retailer customers • Muir and OSS Partnership • have partnered together for decades • market and deploy the Muir OFX products together OSS

  4. Open Financial Exchange (OFX) • Specifications for the electronic exchange of financial transaction data among: • Financial Institutions such as banks and securities firms • Service Providers such as bill payment and funds transfer services • Personal and Business Customers and business partners • Created in 1997 by consortium of Microsoft, Intuit and CheckFree together with Schwab, working with Cindy Norman of Muir • 1st Production Site was charlesSCHWAB - 1997 • XML based standard see www.ofx.org • Broadly accepted, thousands of sites • Extended over time, supports trans-sets for: • Investment transactions - Security Quotes • bank statement, checks & transfers - interbank & wire-transfer requests • bill presentation & payment - credit card statement downloads • Tax Form download (W2 & 1099) - mortgage data • Current version of OFX is 2.1.1 OSS

  5. Example use of OFX • 1000s of Commercial Financial Institutions (FI) use OFX to communicate with their personal and small business customers’ PC-based accounting and/or personal finance applications OSS

  6. Muir’s OFX Server Solution - MOSS™ MOSS™ works by: • Taking an OFX message from the Web Server • Decoding it to determine required actions (MOSS parser component) • Integrating customer’s back-end systems to effect these actions (MOSS processor) • Preparing a response message with data returned from the back-end systems (MOSS generator), and • Sending out the response message MOSS™ Customer’s Web Server parser Processor Site system’s APIs, Calls and Databases Internet Communicates between OFX Requestors and OFX Server Customer’s Back- end Systems & Databases Request/Response generator Receives Request and Post Response Execute Small Units of Work Process Request & Formulate Response OSS

  7. Consume incoming data Make API call Post output data Consume incoming data Make API call Post output data Consume incoming data Make API call Post output data … … … … Balances … Transactions Positions MOSS™ Integration • Control in MOSS via Inheritance of key methods • Financial Institution’s (FI)’s OFX Server created by compiling MOSS Library with FI methods FI OFX Server MOSS™ Library Open database connection, etc initialization

  8. MOSS Unique Competitive Benefits • Focused on doing one thing very well: providing a superb, reliable OFX server • Can extend to generate other XML transactions from DTDs • Software platform/environment Independent • Integrates without creating new system needs and constraints • Needs no ongoing, expert sysadmin attention • VALUE LEADER for tier-1 OFX products • MOSS Supports • entire range of OFX functions – you choose transaction sets • all versions of the OFX Specification with upward compatibility • Designed & supported for Ease of Integration • By Customer using in-house resources with phone support • By OSS/Muir professional services project-team assistance OSS

  9. MOSS™ Customers and References • End-User Customers • Charles Schwab • OptionsXpress • Los Alamos National Bank • etc… • Processors • First Data • CheckFree • SensCom • etc… • Software & Solutions Providers using MOSS™ • Protogent – BrokerAudit • ITQ LATA • Advent Software • BancTec • etc… • OFX Vendor Leaders referencing Muir/MOSS™ • Intuit • Microsoft OSS

  10. Contact Us For Sales and Services Info: For Product and Technical Info: OSS

More Related