Wincor Nixdorf offers banks and retailers complete transaction processing

Published: 21 January 2009 y., Wednesday

 

The transfer and processing of transactions with debit and credit cards generates a high administration overhead for financial institutes and retail companies alike, and also requires a suitable IT infrastructure. Capital and operating expenses can be reduced if this field of activity is delegated to a service provider. Wincor Nixdorf offers this new service and, as the Outsourcing partner, assumes responsibility for full technical and operational handling of all transaction processes between the terminal devices and banks’ host systems.

Wincor Nixdorf’s payment processing services for retail companies include the provision of the IT infrastructure, transfer of all card transactions to the acquirer (the bank that settles the card payments for retailers), transaction processing, and the provision and support of the terminals at the retailer’s premises. Wincor Nixdorf can also assume responsibility for issuing company customer cards or voucher cards (used for gift certificates, for example) and for handling transactions with them.

A further advantage in addition to highly available service: retailers are no longer tied to a specific bank if they outsource their card payment infrastructure to Wincor Nixdorf. The option of changing its financial services provider improves a retailer’s position when it comes to negotiating lower charges. The subsidiary of a UK retail group that delegated its transaction processes in the Czech Republic to Wincor Nixdorf was able to obtain far better conditions as a result.

Wincor Nixdorf’s transaction processing services for banks range from transaction checking and forwarding to authorization, back-up and transfer of the posting data records, and provision of the data center and network infrastructure. All types of national and international cards are processed. The service covers all transactions offered at Self-Service Terminals: from balance inquiries to cash dispensing. Wincor Nixdorf also assumes responsibility for maintenance, remote monitoring, optimized replenishment of the automated teller machines and operation of the transaction platform.

As part of its Outsourcing services for banks and retailers, Wincor Nixdorf complies with the strict specifications of the Payment Card Industry Data Security Standard (PCI DSS). Quick and smooth transaction processes are ensured by automatic synchronization with systems at other locations and automatic transfer of the relevant functions. Remote monitoring and maintenance of the systems guarantee their high availability. Improved reporting functions are another distinguishing feature of the transaction platform used by Wincor Nixdorf. As a result, transactions can be monitored and analyzed online, at the branch or store, and at the head office.

Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Iraq, its domain and the 'terrorist-funding' owner

The war against Iraq may be drawing to a close but the war over its Internet future is just beginning more »

Windows CE to outship PCs in five years - researcher

In five years' time, more Windows CE devices will be shipping than Windows PCs more »

Government surveillance of online phone calls sparks controversy

Wiretapping takes on a whole new meaning now that phone calls are being made over the Internet, posing legal and technical hurdles for the FBI more »

Hidden cost

The high price of piracy more »

Sex takes backseat to Al-Jazeera site in Internet searches

In spite of being mostly knocked offline, the Web site of Arab satellite news network Al-Jazeera was among the most sought-after on the Internet last week more »

Canada becomes first to ratify NATO expansion

Canada has become the first nation to ratify expansion of the NATO defense alliance, which Latvia and six other nations have been invited to join more »

HP Thinks in 3D for Web Browsing

Hewlett-Packard's future vision of shopping online more »

Writers of Viruses Get Politics Bug

The war hasn't spawned new viruses. Instead, the same old viruses are being sent with new subject lines in the e-mail. more »

Web swarm gathers in the Netherlands

Eyebees, a Dutch-based start-up, has launched a beta version of a software application bearing the company's name that allows users to become either part of or lead an on-line "swarm" as they navigate the Internet more »

search.lt news

search.lt presents newest links more »