OGS has developed a core technology appliance which will have multiple applications in the payment card market. The appliance enables credit and debit card processing for Financial Institutions, Processors, and Retailers. The appliance will allow them to be both EMV and PCI-DSS compliant within this solution and will provide substantial value to the organization in helping them become PCI-DSS compliant enterprise wide.
The appliance:
Is an innovative, industry leading, plug-n-play application that will run on LINUX, UNIX or Microsoft based operating systems. Was created in a J2EE System Architecture and based on XML Technology. Seamlessly and cost efficiently integrates within the Acquiring and Issuing Financial Institution’s environments. Offers flexibility and ease of implementation Is a unique “Compliance in a Box”, hardware, software and encryption solution meeting PCI compliance standards. Depending on the geographic or vertical market, the product will be packaged in one of several different ways:
PCI Next:
PCInext will be the product for Financial Institutions operating in a magnetic stripe environment. It will be marketed as a PCI-DSS compliant processing engine, allowing the FI to take their processing back in-house. In addition, PCInext will enable the institution to address significant PCI-DSS requirements on an enterprise wide basis. The fact that the product is EMV compliant will be mentioned, but it will not be emphasized as this is not a significant issue in magnetic stripe markets today.
PCInext provides the Financial Institution with a solution that:
Effectively meets compliance standards
Is highly scalable to meet transaction volumes
Utilizes the latest enterprise frameworks
Reduces on-going costs and provides an excellent ROI
Integrates easily with existing networks
Can be implemented and certified in a short time frame
Allows them to retain control over their own customer data for marketing and customer retention purposes
EMVnext
EMV Next will be the product for Financial Institutions operating in a chip card environment. It will be marketed as an EMV compliant application enabling the Financial Institution to process ICC transactions. This product can be used as a complete processing solution for chip cards and magnetic stripe card transactions. However, it can also be used as an EMV processor solution for a Financial Institution just entering the chip card space. The appliance can be configured to process EMV transactions and route Magnetic Stripe transactions to existing processing platforms. "EMVnext" is a unique cost effective product different from what it is available in the market enables.
EMVnext is:
component based Java/J2EE architecture and plug n play, compatible to all legacy systems of any technology future proof and can work with any future technological change without making any significant changes to their hardware/host system
PROnext
PRO next will be the product for Processors. While the product will have the full processing capabilities of the appliance, it is anticipated that the Processor demand for this product will be specifically for compliance functionality. This product would be configured to be an initial intercept point for the transaction to verify EMV or PCI-DSS compliance. If it is compliant, then it would be passed directly to the Processors platform for the completion of the transaction.
OGS patent-pending solutions, PCInext and EMVnext enables Financial Institutions to bring their card processing back in-house while meeting all Payment Card Industry and EMV compliance standards. OGS’ other product, PROnext, is designed to enable Processors to be PCI-DSS and EMV compliant.
The OGS solution suite will directly benefit:
Financial Institutions –
Financial Institutions that currently process payment transactions through payment cards, via POS, ATM, and other payment channels OR use a 3rd party.
Looking for lower cost solution without loss of functionality.
Recognizes benefit of easy access to card holder spending habits.
Current processing solution not fully PCI-DSS or EMV compliant
Processors–
Current processing solution not fully PCI-DSS or EMV compliant.
Current Magnetic Stripe processor needing an easy solution for ICC processing
Third Party Service Providers (System Integrators and other solution providers)
Provide a PCI-DSS compliant, processing solution, EMV solution or completing the gaps in a broader security solution.