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VisionPLUS is a financial software application from First Data Corporation. Originally developed by the Paysys Research and Development Group,[1] this application is mainly used for credit card transaction processing by banks and transaction processing companies, storing and processing credit card, debit card, prepaid, closed end loan accounts and similar financial transactions[2] such as Visa, MasterCard, American Express, Europay, and private label transactions against those accounts. More than 600 million cards around the world are processed on different versions of this application software.[3]
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Modules[edit]
VisionPLUS consists of various modules that work together to manage the life cycle of accounts. VisionPLUS allows financial institutions to configure their own product features and functionality. The main functional modules of VisionPLUS include:
CMS is the core module and plays an important part, as all account-related activities are posted in the CMS module.
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VisionPLUS Software was introduced by Paysys International Inc. in 1996. In 2001, First Data Coroporation acquired Paysys and since then VisionPLUS has been marketed by FirstData in Europe[4] and elsewhere. Pagalworld mp3 songs download ek villain.
Versions[edit]
- 1981 PaySys International, founded as Credit Card Software, Inc., (CCS)
- 1982 CCS shipped its first product, CardPac. Its main market was the bankcard industry (Visa and MasterCard transaction processing only).
- 1988 Vision21 was released for the private label card market by CCS International
- 1991 VisionPLUS for both private label and bankcard market by CCS International
- 1995 CCS changed its name to PaySys International, Inc.
- 1998 VisionPLUS 2.5 was released by PaySys
- 2000 VisionPLUS 8.0 was released
- 2001 First Data acquires VisionPLUS from PaySys International[5]
- 2006 VisionPLUS 8.01 was released by First Data
- 2007 VisionPLUS 8.15 was released by First Data
- 2008 VisionPLUS 8.17 was released by First Data
- 2011 First Data lays off the majority of its U.S.-based VisionPLUS developers. Development and maintenance is sent offshore to Singapore and India.
- 2013 VisionPLUS 8.44 was released by First Data
Due to software feature upgrades and compliance mandates from payments schemes like Visa, MasterCard, American Express, and JCB, First Data releases updates twice a year. There are also incremental functional releases and brand new products (modules) released from time to time. These are referred to as VisionPLUS 8.nn (where nn stands for a number between 01 and 99).
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References[edit]
- ^'About Us'. CoreCard Software.
- ^'HP News - HP and First Data Unveil Configured Server Solutions for VisionPLUS Flex'. Hewlett Packard.
- ^'Payment Processing Platforms'. First Data Corporation.
- ^'ABN Amro teams with First Data for payments » Banking Technology'. Banking Technology magazine.
- ^'History - First Data'. First Data Corporation. Retrieved 18 April 2018.
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