|By RealWire News Distribution||
|November 27, 2012 09:13 PM EST||
Global payments and fraud prevention company, Alaric International (www.alaric.com), is proud to announce the successful deployment of its Authentic payment solution at Sanborns, the leading Mexican and Central American retailer.
Authentic is a high performance intelligent transaction services hub which can be used for many different purposes and which empowers customers to make customizations themselves and so avoid the vendor lock-in so prevalent in the payments space.
Deployed by Sanborns' staff and Alaric's local partner, Stratus Mexico, Authentic is used to process transactions arising from all Grupo Sanborns stores in México and Central America, numbering some 500 Sanborns, Sears, Mixup, Dorians and Saks stores and 10,000 POS devices in total. Authentic handles credit and debit card transactions, loyalty and gift card transactions, enables corresponsal banking transactions at the point-of-sale and permits payment for airline tickets, credit card bills, insurance, utility bills and mobile top ups. As well as handling bricks-and-mortar transactions, Authentic also handles all payments arising from Grupo Sanborns multiple online stores.
Commenting on the deployment of Authentic Alberto Huacuja, Sanborns CIO said, "Being able to offer our customers the convenience of a wide variety of cards and services is an essential ingredient in our success at Sanborns. We are very happy with Authentic, particularly its flexibility which allows us to radically differentiate ourselves from the competition in terms of rapid introduction of new products and services. This is a core, mission critical system for Sanborns and we have been delighted with the high availability offered by the Stratus hardware and Authentic software combination. Another major plus point is that Authentic is designed to be easily customizable by end users such as ourselves which means we can take complete control of the system going forward."
About Alaric (www.alaric.com)
Headquartered in London, with international offices in Malaysia, Australia and the U.S., Alaric is a leading supplier of advanced technology payments products and services. Alaric solutions for both enterprise wide and card fraud detection benefit from the company's extensive experience in both SOA-based and conventional multi-channel payments integration, card authorization, switching and routing.
Alaric's products are fully platform independent and scalable to meet the needs of the largest financial institution, service provider or retailer. Used in combination, Alaric's Fractals and payments messaging products offer ease of integration, throughput and detection performance that is unparalleled in the market.
About Stratus México:
Stratus Technologies México, S.A. de C.V. an independent company since 2005, is located in México City, and operates throughout Mexico, Central America and the Caribbean. Stratus México offers products, services, support and expert service engineers, based on the most advanced technology, to achieve the highest levels of availability - well beyond 99.999% - with open standard systems.
Fractals is an intelligent fraud detection and prevention framework suitable for PSPs, online merchants, card issuers, acquirers and payments processors. Proprietary mathematical models enable illegal transactions to be detected and stopped before a transaction is completed. The Fractals Rules Engine enables fraud analysts to create and deploy powerful fraud detection rules within minutes, ensuring that fraud losses are substantially reduced or even eliminated. In the rapidly evolving world of electronic payments, Fractals benefits from continuous investment and R&D, ensuring that it remains at the forefront of fraud detection.
Authentic is a modern ultra high performance EFT authorisation and routing system. Unlike conventional payments processing software Authentic was designed to absorb change with ease. It combines unrivalled flexibility of deployment with efficiency of processing. Providing the payments engine for global networks and large processors, Authentic has achieved in excess of ten thousand transactions per second in recent benchmark tests.
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