| The entire Card Management & Processing core switch is explained below with the respective satellite modules used in the Issuance lifecycle:
Key Features
Cardholder Management
- The card has three distinct levels namely:
- Transactions are posted according to a decision matrix:
- Transaction type
- Card (Card number, Sequence number)
- Card Issuance:
- Primary / Add on Card
- Photo / Signature Card
- Card Product & BIN
- Card Products Definition:
- Schedule Code
- Cycle date
- Statement due date
- Payment grace period
- Delinquency date
- Service charge rate
- Minimum due
- Revolving Credit Facility
- Free Credit Period
- Payment Appropriation order
- Fees Management
- Differential Cash Fee
- Card / Annual Fee
- Over limit Fee
- Late payment Fee
- Service Tax
- Petrol / Railway Surcharge
- Miscellaneous Fees
- DPD Status Management
- Transaction Value Date
- Transaction Due Date
- Other Features:
- Transaction Processing, Account balancing and Generating Statement
- Card cancellation/ Hot listing
- Card replacement / reissue
- Card renewal
- PIN regeneration
- Account Blocking
- Payment Processing – Auto Debits, Cheque, Cash etc.
- Balance Transfer / EMI / PL
- Visa / MCI Money Transfer Payment
- Cheque Kiting
- Loyalty/Bonus Points Management
Switch
- Multi-processing: Processing of simultaneous requests
- Dedicated process: Time-Out, SAF, Supervision
- Multi Currency support
- EMV Certified Acquiring Switch
- System Interfaces
- Visa Gateway
- MasterCard Gateway
- MDS Gateway
- Amex Gateway
- Extern Gateway
- POS Server
- HSM Interface
Authorization
- Depends on routing parameters
- Controls at 2 levels:
- Online authorization Controls
- BIN
- Card Number
- Opposition list
- PVV / CVV / CVV2- CVC2
- Status
- Balance
- Risk Management
- MCC group
- Payment channel
- Merchant location
- Credit / Cash Limit
Clearing and Settlement
- Interchange Processing
- Merchants and Cardholders settlement
- Payment Schemes Reconciliation
System Administration
- Users and groups of users,
- Profiles : defines access rights and access mode,
- Data Views ( Bank, Branch, Customer )
- Controlled Access based on users login and password
- Audit trail of all events is provided
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