VisionPLUS

Intro

VisionPLUS is a transaction processing software application from First DataCorporation. This application is mainly used for credit card transaction processing by multinational banks and transaction processing companies. Banks traditionally use this application to store and process credit card accounts and process transactions(Visa, Mastercard, Europay, private label transactions). The rough estimate of number of cards processed on different versions of this application software around the world is approximately 350 million.

VisionPLUS is designed as a flexible, full-feature account processing system. The main modules of Visionplus include:
* Credit Decision Management (CDM) - new accounts processing module * Credit Management System (CMS) - account processing module * Collections Tracking Analysis (CTA) - delinquent collections module * Account Services Management (ASM) - customer services module * Financial Authorisation System (FAS) - financial authorisations module * Letters System (LTS) - letter generation module * Security Sub System (SSC) - user access control module * Interchange Tracking System (ITS) - dispute tracking module * Transaction Management System (TRAMS) - front-end processor * Merchant BankCard System (MBS) - merchant acquiring system * VisionPLUS Messaging System (VMx) - XML messaging gateway to VisionPLUS * Hierarchy company system (HCS) – supports commercial card clients * Loyalty Management System (LMS) - Managing of loyalty points based on transactions done. * Direct Payment Utility (DPU) – Tool for recurring and one-time payment, which provides different payment options and allows for processing and managing balance transfer.s=History=

Until 2001, VisionPLUS was owned by Paysys International Inc. First Data corp acquired Paysys in 2001.

Versions

1983 CardPac was released by CCS. Its main market was the bankcard industry (Visa & MasterCard transaction processing only)
1988 Vision21 was released for the private label card market by CCSI
1991 VisionPLUS for both private label and bankcard market by CCSI
1998 VisionPLUS 2.5 was released by Paysys
2000 VisionPLUS 8.0 was released by Paysys
2006 VisionPLUS 8.21 was released by Paysys

The software mainly runs on IBM zSeries primarily using COBOL,CICS and VSAM. Previous versions of VisionPLUS were available on Unix and AS/400.

Other Info

References

* [http://www.csc-fs.com/downloads/features/IBSHouseofCards.pdf An Analysis of credit card management systems]

[Category:Banking technology

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