Iliad has launched an upgraded version of its certification platform to simplify and speed the certification and on-boarding requirements of card schemes, clearing houses, PSP’s and banks.
The solution can be deployed on premise or as a SaaS model hosted in the cloud.
Anthony Walton, CEO of Iliad Solutions explains: “The costs and operational requirements involved in certification have always been a challenge. Fundamentally certification is nothing more than a series of tests that must be passed by the organisation seeking accreditation. Many schemes still enforce strict requirements such as test slots and fragmented manual checks by dedicated certification teams, if you are trying to certify a thousand institutions then this is a real problem. New technology enables a “self-service” model which provides major cost savings and, more importantly, increases accuracy. Our new platform provides these benefits at a time when testing has never been more important.”
Iliad believes that manual heavy certification processes simply do not work when you need to move quickly and with agility. As payment technology becomes increasingly connected and complex, companies relying on manual certification are exposing the industry to increased risk and paying a premium to do so.
Utilising the core t3:Switch engine along with Iliad’s certification portal, an institution, scheme or processor can offer its members a service that will complete certification in three modes - open testing, pre-certification and full certification. Certification assets from existing tools or processes can be simply integrated to avoid a ‘big-bang’ approach to implementation.
“We have already signed a contract with one of the world’s largest schemes to use the new platform. The agreement will see us implementing the solution for a strategic venture in East Asia, and will allow the scheme’s thousands of members to complete the certification process using our technology,” said Walton.