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Altamedius upgrades iCon payments platform

21 January 2003  |  3231 views  |  0 Altamedius upgrades iCon payments platform

Dublin-based Altamedius has released version 3.0 its secure payment intermediation platform iCon which includes enhanced stored value account (SVA) capabilities.

The iCon system combines Ewallet and SVA technology and supports multiple payment-centred applications such as mobile payments, micro payments, macro payments and person-to-person payments.

The latest version of the product also includes risk management and fraud detection schemes, extended processing support for unpaid items, operational and treasury reporting, settlement billing and revenue management and support for account pooling and grouping.

In addition, new business adapters are provided to simplify integration with established systems.

Tim Keane, director of product management at privately-held Altamedius, says the new release "further consolidates the Altamedius value proposition to MNOs and banks and underpins in particular the financial pedigree of our market-leading SVA solution."

Altamedius customers include Vodafone, HVB Group, and Bank of Ireland.
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