Crimson ISO-8583 Switch
- Intermediate switching
- Financial switching
Crimson is a fully compliant ISO-8583 financial transaction switch that provides robust, extremely flexible interconnectivity between any number of financial institutions or proprietary interfaces. Crimson can act as an interconnecting switch between any ISO-8583 compliant financial devices, or as a termination device for financial transactions with international or proprietary protocols. The software is ideally suited for systems where there is a need to send or receive messages using the international ISO-8583 standard.
Crimson Card Issuer
- Banking systems
- Gift cards
- Travel cards
- Prepaid systems
A Card Issuer is the party that is responsible for the management of the financial accounts linked to the cards they issue to customers. They use a system such as Crimson to host the accounts and to receive transactions from the different merchants where the card is used. Crimson keeps the master list of valid cards and keeps track of the various encryption keys linked to the card. Crimson supports all the transactions required such as Authorisation, Clearing and Settlement and Reconciliation.
Crimson ISO-8583 Engine
- Originating electronic transactions
- Interfacing with financial switches
- Build a prepaid system
- ATM top-up
Crimson is a fully compliant ISO-8583 financial transaction switch that provides robust, extremely flexible interconnectivity between any number of financial institutions or proprietary interfaces. Crimson can act as an interconnecting switch between any ISO-8583 compliant financial devices, or as a termination device for financial transactions with international or proprietary protocols. The software is ideally suited for systems where there is a need to send or receive messages using the international ISO-8583 standard.
Crimson Cryptography
- Secure electronic transactions
- Protection against fraud
- Verify the identity of a cardholder
Crimson supports many different standards relevant for financial transactions. It integrates with leading Hardware Security Modules (HSM). This makes it possible to issue cards with PINs and to integrate with other systems where the cardholder needs to enter a PIN. Crimson supports EMV smart cards, standard magnetic cards and various encryption schemes such as DUKPT, 3DES, RSA etc. Crimson also works with a number of HSMs such as the Prism Incognito TSM410 and the Safenet ProtectHost EFT device.
Crimson Batch Processor
- Processing of transaction files
- Convert batch files to ISO-8583
- Conversion of settlement files to online messages
The Crimson Batch Processor Module makes it possible to interface legacy file-based systems to the online ISO-8583 network. The module imports batch files and runs each transaction individually. It can authorise and settle the transactions. Once the run is complete, the system exports a response file. It keeps track of each transaction and can retry or repeat individual transaction messages.
Crimson Mobile Money Transfer
Solution Overview
The Crimson Mobile Money Transfer (MMT) solution consists of a customer front-end based on a Java interface running on a mobile phone or a low-cost USSD implementation. The backend includes a flexible general ledger (GL) for account management and a high-throughput transaction processor. The MMT provides an end-to-end system that enables money transfer between subscribers in different mobile networks.