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VisionPLUS
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<h2 id="modules">Modules</h2> <p>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. </p> <h3>The main functional modules of VisionPLUS include</h3> * Credit Decision Management (CDM) - Credit application processing and account opening * Credit Management System (CMS) - Account credit processing module, which also handles debit and prepaid card accounts. * Collections Tracking Analysis (CTA) - Delinquent accounts collections and tracking module * Account Services Management (ASM) - Customer services module * Financial Authorisation System (FAS) - Financial transactions authorizations module * Letters tracking System (LTS) - Letter generation module * Security Sub System (SSC) - Common Routines System (formerly Security Sub-System) * World Wide Security System (WSS) - User Access Management * Interchange Tracking System (ITS) - Dispute tracking module * Transaction Management System (TRAMS) - Front-end processor for batched transactions * Merchant BankCard System (MBS) - Merchant acquiring system * VisionPLUS Messaging eXchange (VMx) - XML messaging gateway to VisionPLUS * Hierarchy Company System (HCS) – Supports commercial card products with deep hierarchies * Loyalty Management System (LMS) - Managing of loyalty programs based on transactional activity and account events * EMV Scripting System (ESS) - Rules engine based EMV script management * Key Management System (KMS) - Cryptography key management for magnetic and EMV chip cards * Offer Management System (OMS) - Marketing Campaign management for account holders <p>CMS is the core module and plays an important part, as all account-related activities are posted in the CMS module. </p><p>VisionPLUS Software was introduced by Paysys International Inc. in 1996. In 2001, First Data Corporation acquired Paysys and since then VisionPLUS has been marketed by FirstData in Europe<a class="footnote-ref" id="fnref:4" href="#fn:4"><sup>4</sup></a> and elsewhere. </p> <h3>Versions</h3> <ul><li>1981 PaySys International, founded as Credit Card Software, Inc., (CCS)</li> <li>1982 CCS shipped its first product, CardPac. Its main market was the bankcard industry (Visa and MasterCard transaction processing only).</li> <li>1988 Vision21 was released for the private label card market by CCS International</li> <li>1991 VisionPLUS for both private label and bankcard market by CCS International</li> <li>1995 CCS changed its name to PaySys International, Inc.</li> <li>1998 VisionPLUS 2.5 was released by PaySys</li> <li>2000 VisionPLUS 8.0 was released</li> <li>2001 First Data acquires VisionPLUS from PaySys International<a class="footnote-ref" id="fnref:5" href="#fn:5"><sup>5</sup></a></li> <li>2006 VisionPLUS 8.01 was released by First Data</li> <li>2007 VisionPLUS 8.15 was released by First Data</li> <li>2008 VisionPLUS 8.17 was released by First Data</li> <li>2011 First Data lays off the majority of its U.S.-based VisionPLUS developers. Development and maintenance is sent offshore to Singapore and India.</li> <li>2013 VisionPLUS 8.44 was released by First Data</li></ul> <p>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). </p> <h2 id="external-links">External links</h2> <ul><li><a href="http://assets1.csc.com/financial_services/downloads/HouseofCards.pdf">An Analysis of Interchange Tracking systems</a>.</li></ul> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>"About Us". CoreCard Software. <a href="https://www.corecard.com/AboutUs.html" target="_blank">https://www.corecard.com/AboutUs.html</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>"HP News - HP and First Data Unveil Configured Server Solutions for VisionPLUS Flex" (Press release). Hewlett-Packard. June 4, 2013. Archived from the original on September 7, 2013. <a href="https://web.archive.org/web/20130907143452/http://www8.hp.com/us/en/hp-news/press-release.html?id=1421276#.Uis5mC_P1c8" target="_blank">https://web.archive.org/web/20130907143452/http://www8.hp.com/us/en/hp-news/press-release.html?id=1421276#.Uis5mC_P1c8</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>"Payment Processing Platforms". First Data Corporation. <a href="http://www.firstdata.com/en_au/products/financial-institutions/consumer-credit-solutions/payment-processing-platforms.html" target="_blank">http://www.firstdata.com/en_au/products/financial-institutions/consumer-credit-solutions/payment-processing-platforms.html</a> <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> <li id="fn:4"><p>"ABN Amro teams with First Data for payments » Banking Technology". Banking Technology magazine. <a href="http://www.bankingtech.com/447532/abn-amro-teams-with-first-data-for-payments/" target="_blank">http://www.bankingtech.com/447532/abn-amro-teams-with-first-data-for-payments/</a> <a href="#fnref:4" class="footnote-back-ref">↩</a></p></li> <li id="fn:5"><p>"History - First Data". First Data Corporation. Retrieved 18 April 2018. <a href="https://www.firstdata.com/en_au/about-first-data/media/first-data-history.html/index.html" target="_blank">https://www.firstdata.com/en_au/about-first-data/media/first-data-history.html/index.html</a> <a href="#fnref:5" class="footnote-back-ref">↩</a></p></li> </ol>