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Card Management Systems

24/7 Banking Clients Connection

 

 

 

 

 

 

 

 

 

FACT partners with world class Card Management Solutions Providers, to enable banks and card-issuing clients from managing a comprehensive cards cycle offering:

 

Card Management Systems for managing electronic payment cards with magnetic stripe and EMV smartcards featuring:

 

  • User friendly Windows GUI based card management systems;
  • New account setup and card account management;
  • Host/API network interfaces;
  • Authorizations;
  • PIN generation;
  • Merchant database management VisaNet, MasterCard and National Switch; POS management system;
  • Embosser encoder and HSM devices management;
  • Commission and fee calculations;
  • Interchange clearing and settlement functions;
  • Data capture systems;
  • Merchant settlement facilities;
  • Banking systems interface;
  • Chargebacks and re-presentments;
  • Customer service.

 

Debit, Credit, Charge and EMV cards can be handled for both global labels like VISA, MasterCard, ELECTRON, Maestro and private card schemes.

 

ATM hardware independent systems for processing modern electronic funds transfer (EFT) authorization and switching also supporting the dynamic needs of the services market.

 

Compliance with Sharia principles

  • Charge Card – no Credit / no Interest;
  • Installment Card – equal monthly installments according to alternative prices set by merchants;
  • Charging of transaction fees and commissions;
  • Distribution of operating expenses to all cards according to spending volume of each card;
  • Sharing of profit by giving gift items according to catalogs and web based internet site according to bonus points earned;
  • Prohibiting purchases from forbidden merchant categories – casinos, gambling, betting, alcohol, etc...

 

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