eFORCE, a Silicon Valley-based information technology solution integrator with offices in North America, Europe and India, has been selected by Visa U.S.A. to provide technical consulting and application development for Visa Direct Exchange, the world’s largest private financial payments network using Internet technologies.
! Direct Exchange creates an enabling service and networking infrastructure based on secure, open technologies. The new infrastructure will quickly impact product release cycle times, enabling Visa and its member banks to introduce sophisticated new services to merchants and cardholders. The scalable, highly reliable solution infrastructure is based on open technology standards supplied by Visa U.S.A., Sun Microsystems and Cisco. Visa U.S.A. expects a strong return on investment and access to a wider array of cost-effective, non-proprietary technologies.
“This network realizes Visa U.S.A.’s vision of integrating the benefits of open technology standards with the power of the largest payment clearing system in the world to support universal forms of commerce (‘u-commerce’),” said Sara Garrison, senior vice-president, Technology Development, Visa U.S.A. “eFORCE’s industry knowledge and advanced applications development skills will help Visa U.S.A. achieve our objectives.”
eFORCE is extensively involved in the applications development arm of the initiative, which plans to deploy an extensive array of applications on the new infrastructure. The eFORCE personnel involved provide strategic management, technical development and implementation support, including the use of the solution integrator’s robust information technology deployment methodology, eBRIDGE(TM) (eBusiness Rapid Implementation and Deployment for Global Enterprises). Its components include the UML/Rational Unified Process; Grove Visual Facilitation Process; phased, value-driven delivery; blended client and consultant teams; security and network infrastructure expertise; high performance architecture expertise; and tight integration with the firm’s global Centers Of Excellence, supporting training and development.
The global Financial Services Practice operated by eFORCE from Centers Of Excellence in San Francisco, Boston, New York, London, and Calcutta, has helped leading financial institutions in the banking, mutual funds and insurance industries leverage the power of e-business technologies to gain increased customer satisfaction, operational efficiencies and strategic market advantage.
The Visa U.S.A. Direct Exchange network incorporates Sun’s highly scalable, reliable and secure computing platform and Cisco’s intelligent routing technologies to create one of the most powerful payments processing systems in the world. Visa U.S.A. Direct Exchange will be capable of processing all U.S. issued Visa U.S.A. credit and debit cards, along with all other forms of electronic payment. It will process $60 million in payments an hour per day, surpassing $1 trillion in payments annually. The network will be able to accommodate a volume of 10,000 messages per second with capabilities for exponential growth — more than 100 billion transactions annually, which is more than double today’s volume.
Visa U.S.A. Direct Exchange enables member banks to quickly and easily launch new payment technologies that enable u-commerce, such as mobile commerce, smart cards, business-to-business e-commerce, person-to-person e-commerce and electronic check conversions, with high levels of security, unmatched speed, 100 percent reliability and mass customization capabilities. Visa U.S.A. Direct Exchange also provides members and merchants with easier access to existing and future payment services.
“Our partnership will enable Visa U.S.A. to leverage eFORCE’s financial service industry experience, commitment to open systems, and integration skills to realize its aggressive business-to-business goals,” said Nat Natraj, chief executive officer at eFORCE.
About Visa U.S.A.
Visa is the world’s leading payment brand and largest payment system, enabling banks to provide their consumer and merchant customers with the best way to pay and be paid. More than 14,000 U.S. financial institutions rely on Visa’s processing system, VisaNet, to facilitate over $765 billion in annual transaction volume — including more than half of all Internet payments — with virtually 100 percent reliability. U.S. consumers carry more than 345 million Visa-branded smart, credit, commercial, stored value and check cards, accepted at approximately 21 million locations worldwide. Visa has long led the industry in developing payment standards, and has been named the most trusted payment brand online. Visa’s people, partnerships, brand and payment technology are helping to create universal commerce — the ability to safely conduct transactions anytime, anywhere and by any device.
eFORCE, a leading provider of strategic solutions in all areas of the Enterprise Value Chain — eBusiness, eCRM, EAI, Corporate Portals and Business Intelligence — was identified by the IT analyst and research opinion leader, IDC (International Data Corporation), as one of the Top Solution Integrators of the 21st Century. Combining expertise in business architecture, technical architecture, design, deployment and maintenance with its uniquely rigorous, comprehensive eBRIDGE(TM) implementation methodology (eBusiness Rapid Implementation and Deployment for Global Enterprises), eFORCE delivers production-scale enterprise solutions in Internet time. eFORCE customers include Global 1000 organizations such as Alcatel, Avaya, Bank of America, Charles Schwab, Compaq, DHL, GE Capital, FedEx, Intel, The Hartford, Janus, Johnson Controls, Merrill Lynch, Mitsubishi Motors, Nortel Networks, Visa USA, and Wells Fargo. eFORCE delivers solutions based on best-in-class enabling technologies such as ATG, BEA, Epicentric, E.piphany, HP, IBM, Interwoven, iPlanet, Kana, Microsoft, Oracle, SeeBeyond, Siebel, Sun, TIBCO, Vignette, and webMethods. eFORCE ([www.eforceglobal.com]) is headquartered in Silicon Valley and has additional Centers of Excellence in North America, Europe and India.