FIS IST Switching and Acquiring Portfolio
IST/Switch is a credit and debit processing switch for card issuing acquiring.
IST/Switch is a high-performance credit and debit processing switch for all transaction processing needs for both acquirers and issuers. The platform enables financial firms to populate card and account information for Positive authorization/Stand-in processing. Additionally, IST/Switch also supports Issuer validation functionality such as PIN change, PIN verification, CVV/CVC/CVV2/CVC2/dCVV verification as well as stand-in verification for EMV transactions (ARQC verification and ARPC generation). The platform Is one of the most widely deployed card payment switches in the world, capable of linear performance levels benchmarked to volumes in excess of 10,000 TPS.
IST/MAS provide a robust, multi-currency
solution for merchant accounting and processing of batch files for settlement. It is a niche solution targeting merchant
acquirer providers with complex relationships.
IST/MAS allows for complex fee patterns, rapid configuration to adapt to
changing pricing policy needs without the need for programming, and can receive
transaction information from any switching source to provide a consolidated view
of merchant activity.