ElectraCard Services (ECS), a leading electronic payments solution provider, today announced the launch of electraPrepaid 3.0 under next generation product iTx series.
The electraPREPAID iTx Series is an enhanced version developed on modern technology platform providing cost efficient, high performance, change management friendly and secure prepaid platform. iTx series offers a feature rich, best in class product with integrated middleware electraWIRE, electraVIEW for event based monitoring and electraMAP for faster interface development with PA DSS security compliant release. The product is designed to support multiple prepaid programs, enabling the user to consolidate existing platforms into single platform catering all needs.
A seamless integrated middleware electraWIRE ensures higher performance and reduces maintenance cost of third party middleware. electraMAP provides competitive edge to its users by ensuring faster go-to-market with off the shelf-Interfaces and inherent interface building capabilities. This version comes with web enabled back office that provides rich user experience and freedom to access from anywhere. Superior processing capabilities of this series enables customers to scale to the growing needs without additional infrastructure cost. The product is also functionally enhanced to support multi-currency wallet capabilities and virtual cards.
Mr. Prashant Menagawade, Head Product Management and Engineering, ElectraCard Services said, "Prepaid card business is an extremely dynamic and a highly competitive space, where the ability to innovate & quickly deliver to the market are the key factors to gain a competitive edge. Hence it is imperative that we facilitate the process of delivering a technology platform which enables the financial institution safe and faster transaction processing, also address the need of scalability, adaptability and cost effectiveness. electraPREPAID iTx series is designed to offer all this leading to next generation payment platform ."