FlexATM is a fully featured ATM real-time authorization system working between the core banking application and the ATM processor. In simple terms FlexATM enables real-time funds verification and memo post of ATM transactions. Utilizing the industry standard ISO 8583 interface FlexATM provides the online real-time connection to any regional or national ATM processor or switch. This connection will allow online funds authorization of customer accounts at your terminals, at foreign terminals, and at any point of sale (POS) device. FlexATM reduces a bank’s exposure to fraudulent cardholder activity, now synchronized with other real-time delivery channels.
FlexATM operates on standard Windows operating systems. System architecture is based on industry standard design to manage network transactions. FlexATM offers complete transaction flexibility to optimize available transaction types between core banking application and ATM processor. Real-time monitoring tracks online transactions and sends instant notifications when the system requires attention.
Financial institutions eliminate exposure to ATM/EFT overdraft situations caused by off-line, positive balance file disbursements. In addition to transaction processing middleware, FlexATM can be extended to support debit card management needs. The card processing workflow is streamlined and reduces the effort associated with managing customer account and debit card information in separate silos.