ISTS Worldwide unveils card management offering

Source: ISTS Worldwide

ISTS Worldwide a leading technology consulting organization, specializing in consumer payment technology and card processing systems, announces that it has launched a framework based Card Management solution on the Microsoft platform.

This solution delivers highly scalable, secure and end-to-end functionality across the payment space.

"By our Card Management system, we seek to offer a fully integrated solution framework offering on the Microsoft stack. We have consistently seen the inventive use of technology to enhance the structure and delivery of retail products. Today the prepaid card market is the fastest growing segment in the card industry. Issuers and Processors face many challenges in operating in an extremely complex and competitive environment. Challenges such as lack of flexibility in supporting a range of products and cost of long term contracts have proven to be the prime inhibitors. On the other hand, Prepaid opens opportunities across channels which are relatively underutilized by standard credit and debit solutions, like retail gifting, serving under banked consumers, fleet and petroleum payments and young adults. These opportunities also bring challenges which cannot be addressed by legacy payments infrastructure like new and multiple transaction types, multi-channel needs (POS, ecommerce, Mobile and Social Media), branding and personalization, optimizing operating and transaction costs," says Mustafa Shehabi - Sr. VP Sales & Marketing, ISTS Worldwide, Inc.

ISTS' CMS is built on component based design principles leveraging the best practices of Microsoft .NET application development. Techniques like Service Oriented Architecture, Public Key Encryption and Asynchronous Processing have been used to provide extensibility, usability and high performance.

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