Alaric and STS Announce Innovative Thin Client POS Solution

 

(London, 30th June 2009) Alaric today announced it has combined its state of the art payments solution, Authentic, with STS's G8Way™. The product combination enables retailers and acquirers to leverage the major benefits and potential of thin client POS technology.

Authentic and G8way enable multinational companies to standardise payments infrastructure across international operations, obviating the need to run multiple systems for different geographies. Through the use of existing IP infrastructures, Authentic and G8way centralise reporting capabilities, greatly reducing information management overheads.

"We are very impressed with STS's unique offering," said Steve Lomax, Sales and Marketing Director at Alaric. "The combination of Alaric's Authentic and STS's G8way allows us to deliver sophisticated payment solutions specifically tailored to retailers' and acquirers' needs, ensuring they retain complete control of their payments system while avoiding proprietary lock ins, enabling cost reductions and ensuring PA-DSS compliance."

Authentic and G8way's unique IP-based architecture offer a centrally managed Electronic Funds Transfer (EFT) solution, providing retailers with complete control over their own infrastructure. This centralised approach reduces costs for retailers and terminal operators by removing the need to manage local "thick client software" as well as the need for polling of transactions and for on-going firmware updates.

"G8way adds flexibility, enabling businesses to process sales in multiple markets through use of a single, centralised payments solution," Said Cameron Olsen, Vice President, Business Development, STS. "G8way's Java platform allows retailers to remain system and application agnostic in their approach to future technology implementations."

By deploying Authentic and G8Way, retailers and acquirers can radically increase their agility and flexibility, drive down cost, mitigate POS vendor proprietary lock in, simplify management of POS terminal estates and achieve PCI/DSS compliance using a modern, platform independent solution.

 

About Alaric

Headquartered in London and with international offices in the U.S., Malaysia and Australia, Alaric is a leading supplier of advanced technology payments based products and services. Alaric offers solutions for both SOA-based and conventional multi channel payments integration, card authorization, switching and routing, enterprise wide fraud detection and card fraud detection.

Alaric's products are 100% written in Java and are fully platform independent and scalable to meet the needs of the largest institutions and processors. Alaric is entirely focused on the payments industry and has a highly qualified team of payments and systems professionals who concentrate on designing and delivering sophisticated payment solutions based on Alaric's software products.