TxVia offers processors a secure online environment, complete with the application development, data storage and other tools essential to developing and running multi-tenanted, scalable end-to-end prepaid card processing systems, eliminating the cost, time and risk associated with creating processing platforms.
TxVia’s clients can create any number of customized, interoperable platforms to meet the needs of their customers across the full range of prepaid card products, avoiding the pitfalls of one-size-fits-all approaches of current market.
Starting with a template library and host of optional third-party switch services, clients can define every aspect of their processing platforms from functionality and release timing to infrastructure and service levels, allowing them to deliver a level of quality their customers expect, while operating cost effectively.
Moreover, TxVia clients also can participate in the TxVia payment processing developer network, allowing them to optionally commercialize the unique capabilities they develop to third parties as well as utilize those offered by others.
Anil Aggarwal, chairman and CEO of TxVia, said: “A wide range of organizations has the opportunity to enter the prepaid card processing market and offer integrated, highly differentiated processing to their customers, serving as preferred options when compared with today’s providers. These entities include established payments and transaction processing companies that already supply credit, debit, payroll, bill payment, core banking and other processing services as well as business process outsourcing and managed services functions.
“Utilizing PaaS, we provide our clients with an integrated development environment called TxDev-a ‘platform builder’-that allows them to quickly and cost-effectively deploy processing systems entirely in-house and fully tailor them to their specific needs, ensuring unique capabilities and protection of their intellectual property.
“Building on the vertical integration we’ve enabled large-scale program managers to achieve with processing, we’re excited to be the first to enable third parties to quickly and cost effectively become end-to-end third-party prepaid card processors, whether they’re upgrading their current systems or entering prepaid for the first time.”
