C
OMPONENTS OF AN OPEN
BANKCARD PROCESSING
ENVIRONMENT
An open bankcard processing environment is
comprehensive, open and robust. It is a network
built upon open system standards with industry
standard products. There are four components to
an open bankcard processing environment.
Those are:
•
Payment and web-enabled terminals
•
In-store transaction payment and value-added
services
•
An industry standard network using protocols
such as TCP/IP
•
Host-level transaction authorization, settle-
ment, value-added services and financial
services that support and enhance the
processor, financial institution and ISO
offerings
Payment and Web-Enabled Terminals
Attributes of payment and web-enabled terminals
that work in an open bankcard processing
environment include:
•
Point of payment for credit, debit, check, EBT,
purchase card I and II
•
A single application that can be used on a
range of EFT POS terminals – countertop,
portable, handheld and wireless
•
Thin client technology that enables financial
institutions and processors to deliver value-
added services faster and at less cost
•
Application portability from one terminal
platform to another, reducing certification time
and cost while reducing help desk complexity
and cost
•
A base application and comprehensive
development environment that provide a
feature-rich application and the ability to
customize the base application while adding
functionality as your needs dedicate
•
A secure multi-application development
and operations environment that maximizes
efficiency, integrity and security through
firewall protection
5.