It brings advancement in terms of security, data processing capacity, and configurability.
AMS WG, the fourth-generation clearing system developed by "TietoEVRY Banking," combines extensive experience with the latest trends in system functionality, including multi-threaded data processing and configurability.
The system developer has integrated familiar UPC services into this new platform, enabling the processing of clearing transactions for national payment systems such as Prostir (Ukraine), Borica (Bulgaria), Dinacard (Serbia), and international payments system Visa and Mastercard.
Key advantages of the system include:
- Enhanced security levels and compliance with PCI DSS requirements.
- Automation of daily processes, minimizing operational and financial risks.
- Ensuring a more stable, uninterrupted, and efficient operation of the clearing system.
The system's high-speed performance will allow for a shift in the business day's closure from 22:00 to the end of the day in the future, providing greater convenience for customers. They will be able to view all authorized and processed transactions for the day in a single settlement cycle.
The AMS system has improved the mechanism for calculating Business Identifiers (IRD/RA), allowing transactions to be calculated at the lowest interbank commission rates, thereby saving costs.
By the end of 2022, the migration of Ukrainian clients to the new system was successfully completed. Currently, the migration of foreign clients is ongoing.