Multi-channel payments integration
As the payments market experiences continued innovation and consolidation, and as complexity multiplies, there is increasing demand for flexible payments integration appliances.
Payments Product Innovators
Typically, when new payments products are conceived, an obvious early decision is to make maximum use of existing payments infrastructure and networks to ensure maximum product reach while limiting capital investment.
This means that the systems supporting such innovative products must integrate with existing payments systems and networks.
Alaric's products are frequently used to achieve such integration, ranging from an organisation such as Ukash which offers evouchers which can be bought at retail stores and used to buy goods and services and to transact over the internet, including online gambling to an organization such as Teleglobal whose SNAP cards can be purchased at retailers and used via the internet for on-line gaming and purchase of other goods and services.
Payment System Integration
Financial institutions also need to integrate disparate internal payment-related systems and to enable existing systems to support new payment channels. For example, Alaric's payments integration appliance has been used on multiple occasions to integrate clients' internet banking and card issuing systems.
Post Merger & Acquisition Integration
The increasing level of merger and acquisition activity among the banks and among processors and the need for co-working of disparate systems means that payments fusion is becoming of paramount importancce to both institutions and processors alike.
Alaric's payments integration products include:
- Message Mapper, which takes a message in one format and transforms it into another format via easy to use point-and-click configuration via a GUI, as opposed to using a programmatic approach.
- Authentic Gateway, which incorporates Message Mapper and also offers network management, enabling not just the transformation of messages but also the transmission and receipt of messages via payment networks.
- Authentic FPG (Faster Payments Gateway), a specialization of Authentic Gateway which addresses the UK Faster Payments market.