NCR Software Drives Transaction Switching at Mexico’s Largest Electronic Payments Processor, E-Global
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.”
About E-Global
E-Global is the largest payment processor in Mexico. It trades more than 7 million transactions daily, from acquiring banks to issuers. The transactions include all credit and debit cards as well as electronic transactions. E-Global experiences a growth in transaction volumes of 10 percent year on year. E-Global operates in a heavily regulated environment serving acquirers in Mexico, Brazil and Central America.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with approximately 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
Web sites: www.ncr.com, www.alaric.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
Media Contact
Jeff Dudash
NCR Corporation
770.212.5091
[email protected]
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
[email protected]
Scott Sykes
NCR Corporation
[email protected]