USSI, Inc., a subsidiary of Transaction Systems Architects, Inc., announces a product addition to its TRANS24 family of payment processing software products and enhancements to existing TRANS24 software solutions.
The newest addition to the TRANS24 portfolio is TRANS24-debit card system, a comprehensive, integrated application that supports ATM and POS transaction processing for Visa and MasterCard branded debit cards. A full-featured debit card clearing and settlement solution, TRANS24-debit card system performs authorization matching, transaction posting and exception processing through direct interfaces to Visa and MasterCard settlement systems. It is designed to operate in conjunction with a separate authorization system such as USSI’s TRANS24-eft authorization system or BASE24 from USSI affiliate Applied Communications, Inc. (ACI). Additionally, TRANS24-debit card system includes fraud reporting features and is year 2000 (Y2K) compliant.
“With the continued growth of Visa Check, MasterMoney and Visa Electron debit card transactions, we saw a market need among card issuing institutions for an in-house software solution that could handle debit transactions,” said Mike Rouw, vice president of Marketing at USSI. “TRANS24-debit card system provides a simple, cost-effective method of handling the settlement and exception requirements of Visa and MasterCard by using an institution’s existing authorization systems.”
USSI also is rolling out new releases of four TRANS24 products. The enhanced products are TRANS24-card processing Release 7.1, and Release 4.0 of TRANS24-card management, TRANS24-eft and TRANS24-settlement manager. To meet Y2K compliance, the new releases have been tested with the latest UNIX and IBM operating systems, including OS/390, AIX and HP-UX. Additionally, TRANS24- card processing includes compliance with Visa and MasterCard regulations and integration with the new TRANS24-debit card system. TRANS24-card management offers enhanced card status indicators and point-of-sale transaction statistics. Enhancements to TRANS24-eft include new on-line text fields in the messaging system and a number of new features for use with NCR ATMs. TRANS24-settlement manager 4.0 provides a Windows-based graphical user interface and enhancements to the ATM balancing process.
“USSI is completing a fully tested, year 2000 compliant release of our TRANS24 components by the end of 1997, while at the same time implementing enhancements requested by our customers,” said Mark Vipond, president of USSI. “We understand our customers’ need to ensure year 2000 compliance and are committed to assisting each of them as they upgrade to the latest release of our software.”
TRANS24 products operate on a variety of hardware platforms including IBM mainframes and multiple UNIX-based servers.
USSI, Inc. is a subsidiary of Transaction Systems Architects, Inc.. Transaction Systems’ software facilitates electronic payments and electronic commerce by providing consumers and companies access to their money. The company’s products are used to process transactions involving credit cards, debit cards, smart cards, remote banking services, checks, wire transfers and automated clearing and settlement. Its solutions are used on more than 2,700 product systems in 69 countries on six continents. Visit TSA and USSI, Inc. on the World Wide Web at .
All trademarks are property of their respective owners. Please use upper case with no spaces between letters and numbers of TRANS24 and BASE24.Details