Aviso debuts payment messaging gateway
08 November 2012 | 1794 views | 0
Aviso today announced the launch of Novate - a powerful payment messaging application designed to revolutionise payment switching technology.
Aviso recognised that, increasingly, acquirers, processors, issuers and retailers are constrained from innovating due to the cost, risk and timescales associated with making even minimal changes to their core switch. Novate is designed to work collaboratively with existing legacy payment systems to provide the flexibility and functionality that existing systems may lack and protect the huge investment made in the technology.
The first customer to install Novate is using it to add China Union Pay and JCB payment network interfaces to their existing payment switch. Welcoming the feedback Novate has received since its initial implementation, Dermot O'Shea, Executive Director FEXCO and Chairman of Aviso said; "Novate has enabled our client to accept new payment types without impacting core systems. It is integrated with their existing infrastructure to provide connectivity to the two new networks at a dramatically reduced cost and time to market".
Solutions developed by Aviso's technical team are today enabling over 30 acquiring banks and 45,000 merchants to process more than 750 million transactions annually, giving the Aviso team extensive knowledge and a clear understanding of how to get the job done.
"We have enjoyed the luxury of starting from a clean sheet of paper, which has allowed us build a modern messaging application using the latest technologies", said Peter Bove, who is leading Aviso's sales drive. "For companies finding that their switching system is inflexible, Novate allows them to make changes to their current platforms quickly and cost-effectively, extending the life of those platforms and giving them more control over when to migrate to more modern technology", continued Bove.
With the first system being ready for production, Aviso is continuing to add functionality to both its real time and back office capability with the initial product roadmap being focused on transaction acquiring and multi-channel POS capability.