|By Marketwired .||
|January 20, 2014 09:30 AM EST||
MISSISSAUGA, ONTARIO -- (Marketwired) -- 01/20/14 -- Bevertec CST Inc. today announced the release of ESP-Link FTS 6.0, its new PCI Payment Application Data Security Standard (PA-DSS) Certified electronic payment switch. The phenomenal growth of electronic delivery channels has challenged companies in financial services to adapt quickly to an ever-changing business environment, and ESP-LINK meets and exceeds those requirements.
Built with security in mind, ESP-Link FTS 6.0, in addition to EMV compliance, enables the efficient processing of transactions from any delivery channel and delivers them securely and seamlessly to any destination - retail banking systems, card processing centers, stock exchanges, or Electronic Data Interchange (EDI) trading partners. FTS makes it convenient and easy to use m-commerce and e-commerce systems and gives customers continuous access to both funds and information.
"Bevertec is proud to introduce version 6.0 of FTS - Bevertec's flagship solution. FTS 6.0 has been enhanced with many innovative, industry-leading features. It continues the FTS tradition of being robust, reliable and secure, exceeding today's industry expectations of rapid response, high availability and the handling of large transaction volumes. The solution is EMV ready. The PA-DSS certification assures financial institutions and their cardholders that the security of their data is first and always Bevertec's main priority," said Michael Walsh, Vice-president of Operations at Bevertec.
"Together with our powerful engine, flexible multi-platform, adaptability from simple to complex environments and user friendly interface, FTS 6.0 is ready to help our customers lead and innovate in this ever changing world," Michael Walsh added.
Since 1981, Bevertec CST Inc., a Canadian company, has been supplying solutions and services to various industry sectors. Bevertec now has over 100 customers in the financial services sector spread across five continents. The company provides consulting services, staffing solutions and subject matter expertise to assist institutions at all business levels, including development/project work, project management and strategic direction and planning.
Bevertec also provides real-time, end-to-end solutions to Financial Institutions, with 24x7 support and implementation services worldwide through a network of offices and local partners. Bevertec's focus is on open systems solutions and the infrastructure needed for electronic payments and transactions, processing risk management, decision support and various banking solutions. This is done through the Group's flagship ESP-Link Suite, which shares a common infrastructure providing high performance, guaranteed interoperability, scalability and a modular roadmap to support growth.
About ESP-Link Suite
ESP-Link Suite is a first class powerful, secure, open system, a multi-platform Suite of financial products and services that enables "anytime, anywhere" electronic financial service delivery for today's electronic commerce marketplace.
ESP-Link Suite/FTS 6.0 is PA-DSS (Payment Application Data Security Standard) validated; PA-DSS is the Council-managed program formerly under the supervision of the Visa Inc. program known as the Payment Application Best Practices (PABP). The goal of PA-DSS is to help software vendors and others develop secure payment applications that do not store prohibited data such as full magnetic stripe, CVV2 or PIN data, and ensure their payment applications support compliance with the PCI DSS. Payment applications that are sold, distributed or licensed to third parties are subject to the PA-DSS requirements.