STAR ISO 8583 Message Format Guide 02 11
STAR ISO 8583 Message Format Guide 02 11
STAR ISO 8583 Message Format Guide 02 11
Peter Theunis
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Business Case for API’s in the Payment industry
APIs help banks in:
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API types based on adoption maturity and target customers
Payment API’s can be considered as follows
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Major drivers for Open API’
Changes driven
by regulations
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Major drivers for Open API’
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Compliance cost or Revenue source?
If compliance is a cost?
Loss of
Loss of Fees Customer Risk to
from Card- ‘Ownership’ become a
Based and Insight, ‘utility’-type
Transactions customers bank
attrition
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Role of APIs in the mobility, digital, and cloud space
• Lightweight and mobile data friendly • Simple mechanisms for 3rdparties to • Pre-eminant interface for SaaS
provide access to banking business providers
• A data representation that alligns to data and functionality
mobile technology • Simplification of hybrid platform
• Preferred egagement mechanism for integration
• Support rapid change the 3rdparty development
community
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API Architecture
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Security Considerations
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APIs manageability
SmartVista Integration Platform as a core solution for Open Banking
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SmartVista Integration Platform
Key Advantages & Features
• Business Process Engine - flexible routing, add new entry points on the fly
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Key Concepts
SmartVista Platform
SmartVista
New Fraud
Prevention
Tokenization BPM
CRM
Traditional Switches,
Core Banking mBanking
eCommerce and CMS
eBanking
High Level Architecture
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BPM Based Routing
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Great Integration Capabilities
SmartVista Integration Platform
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PSD2 Ready Solution Architecture
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Thank you