Discover our journey with our thought leadership and news releases.
Dec 22, 2016
Chicago, IL (PRWEB)
Opus Consulting Solutions ® brings its payments technology expertise to FinXTech
Opus Consulting Solutions ®, a technology services and solutions company focused exclusively on meeting the needs of the payments industry, today announced that it has become a trusted member of FinXTech, a division of Bank Director, which connects qualified fintech service firms with forward-looking bank leaders of today.
CHICAGO, IL (PRWEB)
“Technology firms don’t have to be in the ‘banking business’ to provide superior payment and money-transfer services, credit-debit accounts, digital wallets, and other consumer conveniences that today are the ‘bread and butter’ of traditional retail banks,” notes Anand Ramakrishnan, President and CEO of Opus Consulting. “Over the next 5-10 years, we believe the backend infrastructure for payments will go real time, so we are working on things that will enable a real-time payments architecture. In addition to real-time payments, we believe that a huge transformation is still required on the retail side of the house, where the checkout experience needs to be improved. We are doing everything including intelligent POS, intelligent ATM and intelligent retailer ecommerce experiences, which is all enabled by taking out the intelligence from hardware and putting it out in the form of APIs. We are one of the few companies who have actually done it.”
Kelsey Weaver, President of FinXTech said, “We are happy to have Opus Consulting as a member of FinXTech. We look forward to the payments innovations and solutions Opus delivers to help banks and financial services firms deliver speedy and convenient payment services to customers.”
April 29, 2016
New EMV Chip Card Transaction Solution Plugs Into Existing Card Payment Authorization Systems Used by Issuers, Acquirers and Processors
CHICAGO – 04/29/2016 (PRESS RELEASE JET) —Opus Consulting Solutions ® today announced the release of a new solution – the Opus EMV Transactions Accelerator – that card issuers, acquirers and processors can use to process EMV chip-card transactions with their existing core- authorization engine application. The EMV Transactions Accelerator can be used with all debit, credit and pre-paid card authorization systems, and it supports all leading Hardware Security Module (HSM) brands. Implementation and integration is quick and easy, and the solution has minimal impact on authorization-system performance.
“Retailers have purchased new POS card-payment systems that can accept both EMV card-insert and card-swipe payments, only to find that their merchant provider isn’t able to process the EMV data efficiently,” said Anand Ramakrishnan, CEO of Opus Consulting. “Our EMV Transaction Accelerator solution, which consists of two plug-in modules inserted before and after the existing core-authorization engine, identifies and processes the EMV data so that the authorization engine can approve or reject the payment request. It’s a quick, cost-effective way of leveraging their existing system to speed processing of the new EMV chip-card transactions.”
August 27, 2016
Opus Consulting Solutions ® Acquires MasterCard Emerging Payments Support Accreditation
CHICAGO, August 27, 2015 PRNewswireOpus Consulting Solutions ®, a leading provider of software solutions to the payments industry, today announced that it has reached another milestone in its growth journey by acquiring the prestigious MasterCard Emerging Payments Support Accreditation (MEPSA). The accreditation has been awarded as an acknowledgment for Opus expertise in general consulting, issuer and acquirer technical support activities.
MasterCard accredits third party companies to help their customers identify knowledgeable suppliers that can support them during and after migration to contact EMV, contactless chip products, deployment of new chip-enabled cards and terminals, mobile pay applications, cloud based payments, and digital enablement services.
On this recognition, Mr. Anand Ramakrishnan, President & CEO, Opus Consulting, said, “This accreditation is a testimony of our deep domain knowledge and expertise in enabling our customers move to next generation payment systems seamlessly. With switchover to EMV becoming a norm, this development will play a crucial role in helping Opus increase its market share tremendously.”
Acquiring MasterCard Emerging Payments Support Accreditation is a stringent process and includes training of service provider’s staff, vetting their domain expertise and effectiveness in implementing software. The contenders were judged on all these parameters.
About Opus Consulting Solutions ® is a leading payments domain focused technology services provider headquartered in the US with solution delivery centers in Pune and Chennai. Our 800+ professionals combine a wealth of experience, domain expertise, technology capabilities and mature processes to deliver market-leading solutions in the service lines of platform transformation, digital, analytics, compliance and testing. Opus has provided innovative solutions for clients in more than 25 countries that include millions of sub-second stock transactions, prepaid card programs, card-less ATM withdrawals and integration of multiple channels such as traditional, web, mobile and kiosks for seamless service delivery.