Although some aspects of payment processing has been automated for a relatively long time, today new challeneges are driving a need for new solutions. The requirements for processing payments are becoming far more complex. Changing business requirements in areas such as fraud control, unification of industry standards, and improved data synchronization of transaction with settlement are driving technical requirements for greater security, identity management, data enrichment. There is a need for a new generation of solution.
EdgeNode is an ideal platform for creating low-cost, rich functionality solutions for payment processing solutions. EdgeNode provides all of the functionality of a “heavy-weight” solution, but with a lightweight software footprint, and a lower overall solution cost.
EdgeNode provides a distributed architecture to meet the requirements of Straight Through Processing (STP) and scalability, similar to the architectures utilized by leaders in this market such as SWIFT and VISA. The EdgeNode platform includes sophisticated message transformation, routing, and security capabilities in a fully distributed, facilitated peer-to-peer model that is what this next generation of solution will require.
FireStar is active in many of the financial industry’s messaging standards efforts and, as a result, brings a wealth of expertise in addition to outstanding technology to Service Providers wishing to offer new services for their customers.
