Authentic’s flexible, modern software-orientated architecture to
process more than 500 transactions per second across Central and Eastern
Europe
KIEV, Ukraine--(BUSINESS WIRE)--May 20, 2015--
NCR
Corporation (NYSE: NCR), the global leader in consumer transaction
technologies, announced today that Ukrainian
Processing Center (UPC), the largest independent payment processor
in the Ukraine, will be deploying Authentic, the intelligent payment
platform from Alaric, an NCR business, to deliver payment services
across Central and Eastern Europe. Authentic replaces UPC’s legacy
system and will allow the payment processor to keep pace with new
industry requirements. UPC chose Authentic after a competitive bid
process, during which the platform’s modern architecture, flexibility
and ease of configuration were highlighted as key differentiators.
UPC is a member of the Raiffeisen banking group and supports more than
30 banks in Ukraine, as well as a number of international customers in
central and Eastern Europe. This provides significant cost efficiencies
for Raiffeisen’s card business across the region. UPC services range
from authorizing international and local card transactions to technical
support for POS terminals to the development and management of ATM
networks, and regional interbank clearing. From its headquarters in
Kiev, UPC manages more than 7,700 ATMs and nearly 60,000 POS terminals,
and processes up to 60 million transactions every month.
“Authentic provided all the necessary features for ATM and POS
processing, which was essential for us,” explained Sergey Vetrenko,
Chief Operating Officer (COO) at UPC. “But what made it really
attractive was how easy it would be to configure the system and add new
channels or services. We needed a solution that could be fine-tuned to
our business as it continues to change without calling in the vendor
support team every time we needed to add a new service.”
Authentic is an open development payment platform that handles any type
of transaction. It can accept transactions from any device, source or
system and map them into a common format before authorizing and
authenticating each transaction and routing them to any destination.
Importantly, the platform easily met UPC’s requirement of processing 500
transactions per second.
“We understand the challenges that UPC faces across the wide and diverse
region that it covers,” said Steve Nogalo, vice president and general
manager Payments Software at NCR. “Consumer technology trends, such as
mobile banking, are changing payment requirements for financial
institutions and putting them under pressure to react. Our scalable,
open architecture provides the flexibility and agility that they need to
respond. We are proud that our innovative platform, strong roadmap and
reliable customer support convinced UPC to select Authentic to support
their business today and in the future.”
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 550 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries.
Web site: www.ncr.com
/ www.alaric.com
Twitter: @NCRCorporation
/ @alaricsystems
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
View source version on businesswire.com: http://www.businesswire.com/news/home/20150520005070/en/
Source: NCR Corporation
NCR Public Relations
Ortrud Wenzel, +49 821 405 8191
ortrud.wenzel@ncr.com