|
Euronet Essentis Ltd.
Euronet Essentis Ltd is a global solution for payment card issuing and merchant system specifically designed to meet the needs of international institutions in today's challenging and dynamic market. It is fully multi-currency, multi-language, multi-product and multi-institution. It is also fully compliant with the EMV standard for chip cards. Euronet Essentis Ltd is a wholly owned subsidiary of Euronet Worldwide. Euronet acquired Essentis in January 2006 to add a world-class back-office payment system to our existing portfolio of software solutions.
Euronet Essentis Issuer
Essentis Issuer is the world's most advanced card management solution. Cardholder details and account histories are stored and maintained through Essentis Issuer, which supports all customer services functions. Card products are defined, created and managed within Essentis Issuer. Essentis Issuer has been developed to support national, international and global financial institutions.
The system has full multi-currency, multi-product, multi-institution and multi-language capabilities and is capable of managing card portfolios in different countries and for different issuers on a single platform.
Essentis Issuer has been built to comply with EMV standards with EMV processing fully integrated in the heart of the system.
Customer service focus is essential to the success of the payment card industry. At the heart of Essentis Issuer is a powerful relational database, giving a single up-to-the-minute view of the customer and the customer's transactions. Card issuers can view their complete relationship with individual customers, and customer data is readily available for customer profiling and segmentation operations.
The following are the key features of the Essentis Issuer Product:
- Comprehensive Business, Purchasing and Family Card facilities, supporting the definition of account hierarchies, which enable authorisation, posting, statementing and settlement to take place at the appropriate levels, and with full support for the multi-currency requirements of international companies.
- 24-hour availability of the system for on-line access and maintenance.
- Graphical User Interface delivered as standard.
- Independence between cards and accounts - Through its flexible data model the system will support many different types of relationships between card and account.
- Transaction level pricing and billing - allowing the billing schedule and interest rate to be specified at individual transaction level.
- EMV compliance - supporting the Visa and MasterCard specifications for EMV debit/credit products, including chip parameter maintenance, cryptogram verification, authorisation decisioning and post-issuance updates.
- Multi-institution processing - supporting institution-level reporting and access security.
- Multi-currency processing - including the ability to specify currency at account level and support multi-currency account structures.
- Euro compliance - the system provides full support for Euro requirements, including the triangulation currency conversion rules.
- Multi-language - supporting multi-language capability for both customers and end users.
- Comprehensive access security capability down to individual field level.
- Loyalty programs - with flexible rules for bonus point calculations.
- Flexible search, selection and reporting capability through the use of SQL tools against the relational database.
- Ability to define the complete range of account processing parameters for all products and user-defined cardholder groupings, and to implement overrides for individual accounts.
- Promotional campaigns - including individual balance component-level pricing and billing options, supporting special offers and rates for individual purchases.
- Range of interest calculation methods - including average daily balance and daily accrual.
- Effective dating of interest rate changes.
- Credit interest - with tiered rates available and tax options.
- Variable billing periods - including weekly and bi-weekly.
- Flexible definition of restrictions and periodic spending limits within the authorization function, with the ability to define limits for specified transaction types and merchant category code groupings.
- Real-time posting option for monetary transactions.
- Flexible definition of transaction based fees - including flat rate and percentage fees .
- User-defined transaction type definition - to enable the differentiation of transactions within the system to be entirely under user control.
- Flexible definition of insurance premiums and other periodic fees.
- Support for unsecured loans. All card and non card based products held by a customer can be managed under a single overall line of credit.
|
