Online ATM and Debit Issuer System for Fiserv Precision
Solution Overview
EZswitch® is an ATM/debit middleware solution that provides an interface to the core banking system and an interface to an ATM/EFT network who supports an on-line authorization channel for ATM and debit issuer transactions. The system may operate on either a CSFi-supplied server or a virtualized (VMware) environment. The core system will perform transaction authorizations using the current balances and when unavailable EZswitch can perform stand-in authorization using a combination of card limits and a positive balance file (PBF). The PBF can be updated using one of two methods: the first method is through a real-time update as ATM/debit issuer transactions are processed and the second method is a full update from the core system that may be performed multiple times throughout the day.
Solution Benefits
- ATM and Debit transactions are authorized using current balances and immediately reflected in other banking applications
- Eliminate exposure to risk by authorizing transactions against current account balances
- Take advantage of the flexibility to change ATM/EFT network providers seamlessly without interfering with the Precision authorization interface
- Our online interface is certified against new Precision core software releases
- Single point of card maintenance entry reduces data disparity between systems by reducing the total number of entry points to one
- If the Precision core authorizing system is unavailable, EZswitch can perform stand-in authorization. This function leads to a substantial cost savings when compared to allowing the ATM/EFT network to stand-in
Fiserv - Specific Features
Financial institutions who use the core system(s) listed in the table below can interface directly to a supported ATM/EFT network of their choosing. This is made possible through the real-time XML interface installed between EZswitch and Fiserv's core system. The specific features and functions supported by EZswitch for the Fiserv Precision system are as follows:
- On-Line Card Maintenance (OLCM) interface. supports real-time card maintenance updates performed on Precision and sent to EZswitch.
| Supported Fiserv Core System(s) |
| Precision |
View the list of supported network service providers by clicking here.
Functions
- On-line ATM/debit interface to Precision
- Immediate memo posting of ATM and debit transactions
- Interface to your EFT network of choice (click here for full list)
- On-Line Card Maintenance (OLCM) for real-time card updates
- Stand-in authorization (using card limits or a positive balance file)
- Transaction logging and electronic queries
- Reconciliation subsystem for reconciling transactions with Network
(See a demonstration of the Reconciliation Subsystem) (Secure File) - On demand ATM/EFT network denial rules
- ATM inactivity status updates (Sentinel required for alerts)
- System health check monitoring
- Positive Balance File (PBF) available where updates are performed during the on-line authorization process and through periodic Precision updates (can be performed multiple times per day)
- Single point of card maintenance entry available
- Multi-institution and Network support available
- Sentinel alert notification available
- ATM and debit transactions are authorized using current balances
- ATM and debit transactions are immediately reflected in other bank systems
- Eliminate your exposure by authorizing transactions against current account balances.
- The flexibility to change Network providers seamlessly without impacting the Precision authorization interface
- As a preferred provider, our on-line interface is continually certified against future Precision releases
- Single point of card maintenance entry reduces the total number of entry points and avoids errors attributable to entering the data in multiple places
- If Precision is unavailable, the system can perform stand-in authorization that could lead to substantial cost savings when compared to your EFT network provider being required to stand-in.
- The automated alert system provides immediate notification of events that can cause disruption to customer service or events that result in financial impact to your financial institution (stand-in processing by EFT network)
- Monitoring of extended periods of ATM inactivity so remedial procedures can be immediately instituted
- System health check monitoring for performance and capacity planning
- Fraud detection and prevention to protect customers and reduce losses
CSFi System Requirements (Secure File)
EZswitch Transaction, OLCM and Card Maintenance Flow Diagram (Secure File)
EZswitch Questionnaire (Secure File)
EZswitch Network Configuration Form (Secure File)
