Authentic, the open payments platform from Alaric, improves data consistency and visibility to validation process to E-Global’s seven million daily transactions
DULUTH, Ga., March 16, 2015 – E-Global, the largest electronic payments processor in Mexico, has implemented a new payments transactions platform from NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies. Using Authentic from Alaric, an NCR business, E-Global is able to create rules for validation more quickly, improve the consistency of its data and gain better visibility into its validation process. Authentic is a high-performance software platform for switching and payment authorization that can route transactions between multiple acquirers, issuers, networks and other switches, and supports a complete range of POS devices and terminals.
Owned by BBVA Bancomer, CITI Banamex and HSBC, E-Global provides switching and card processing services to nearly two-thirds of Mexico’s 350,000 point-of-sale devices. To find its replacement switching technology, E-Global worked closely with the system delivery and service provider Stratus Technologies Mexico.
Unlike conventional payments processing software, Authentic absorbs change with ease. It combines unrivalled flexibility of deployment with efficiency of processing. Providing the payments engine for global networks, banks and large processors, Authentic has achieved in excess of ten thousand transactions per second in benchmark tests.
“In tests and demonstrations, Alaric and Stratus showed that Authentic would easily meet – and exceed – our performance requirements for transactions per second. It is also a system that is clearly designed with flexibility in mind,” said Felipe Villegas, Chief Information Officer, E-Global. “We have found Authentic to be a unique and powerful solution that easily meets our need for performance, and fits perfectly into our business. The product itself is exactly what we need. The local support has been excellent. The only question is why we didn’t adopt it sooner.”
Authentic is entirely built using Java, creating long-term benefits for institutions such as E-Global in terms of finding and hiring its own support and development staff.
“With the high volumes of transactions handled by E-Global on a daily basis, the support and performance of its transaction platform is essential,” said Steve Nogalo, vice president and general manager of Payments, NCR Financial Services. “With Authentic, E-Global has the flexibility and visibility it needs to deliver a best-in-class experience to its merchants and the consumers they serve.”
Juan Pablo González, CEO from Stratus Technologies Mexico, said, “Stratus has proven experience implementing Authentic for the Latin American market with more than a dozen live switches. The company has an unparalleled background providing critical solutions for the financial, retail and telecommunications sectors. Today and for the past two decades, Stratus has been a key solution provider and partner for E-Global.”