ElectraCard launches EFT switch platform

MUMBAI, INDIA: ElectraCard Services (ECS), an electronic payments solution provider, on Thursday announced the launch of electraSWITCH- iTx series, all new EFT switch platform that drives ATM and POS network for financial institutions.

The electraSWITCH iTx series is an enhanced version developed on modern technology platform providing high performance payment platform, said a press release.

The new series offers feature-rich product with integrated middleware electraWIRE, electraVIEW for event-based monitoring, electraMAP for faster interface development with PA DSS security compliant release and new electraMONITOR for managing entire network including ATM, application and transaction monitoring efficiently.

The iTx series is designed to support EMV, multiple institutions, time zones and language enabling users to consolidate existing platforms into single platform catering all needs.

A seamless integrated middleware ensures higher performance and reduces third party dependencies. electraMAP provides competitive edge to its users by ensuring faster go-to-market with off the shelf-interfaces and inherent interface building capabilities with any bank host or interchanges.

“electraSWITCH iTx series is a perfect blend of new technology and high performance that reduces hardware sizing requirements over 40 per cent curtailing third party software dependencies. It also empowers users to control changes easily matching pace of ever changing payment market demands,” said Prashant Mengawade, head-Products and Engineering, ElectraCard Services.