EFT Switch

TPS offers a robust, powerful and high-performance EFT Switch that is part of the future-proof IRIS Payment Platform.  The PCI DSS compliant platform enables you to drive multi-channel payments infrastructure from a single platform. Using the capabilities inherent in IRIS platform, commercial and central banks, telecom operators, national switches, and third party payment processors can ensure better management and seamless delivery of their services.

The IRIS EFT Switch is a highly scalable, secure, and flexible solution that can acquire any type of financial transaction from any device or system, authenticate and authorize it, and route it to any destination. It offers multi-currency, multi-institution and multi-channel support, and enables compliance with Payment Card Industry regulations, current and future EMV standards as well as contactless and mobile payment types.

The solution can be rapidly integrated with any core banking system, fraud prevention platform, alternate delivery channel or other internal or external systems. It enables you to offer your customers the ability to seamlessly transact across multiple touch-points, while simultaneously reducing time-to-market and bringing greater operational efficiency.

In response to changing customer needs, banks have been modifying their physical operations and shifting towards digital channels. The natural progression of this trend has led to the emergence of ‘digital-only’ financial institutions. IRIS EFT solution redefines enterprise switching and combines rich, comprehensive functionality to help you transform your digital payments infrastructure.