Processing

FastTRANS™ works by receiving a data file with transaction records from the user’s accounting system, transform them to the appropriate message format and transmit them for authorization to an acquirer Transaction Processing System. The output is again a file with the corresponding responses for each authorization request, either approved or declined, that will be feed consecutively to the users accounting system.  

Applications

FastTRANS™ is used where there is a large number of recursive transactions and the acquirer wishes not to create alternative authorization paths than the ones he already maintains. Typical applications are pay-TV, utilities companies and mobile telephony service providers. 

FastTRANS™ can also be used for mail, phone and Internet orders when the daily volume of transactions is relatively high.