CoreACQUIRE is a comprehensive, browser-based merchant account management and payment processing system for transaction acquirers capable of handling a broad spectrum of domestic and international authorizations and payment transactions.

FULL BACK OFFICE FUNCTIONALITY
CoreACQUIRE provides scalable, fault-tolerant, real-time transaction processing and complete back office functionality including authorizations, clearing, settlement, exceptions processing, and risk management. Embedded multilingual and multicurrency capabilities within CoreACQUIRE enable acquirers to easily extend their merchant portfolio across multiple borders.

CoreACQUIRE is available with the capability to support,

• MasterCard,

• Visa,

• Discover,

• American Express and

• Private Label cards.

The solution can be configured to be deployed either alone as a subsystem to an existing merchant acquiring system or collectively as a comprehensive payment processing source.

Through the power of CoreENGINE the platform that supports all CoreCard products, the system's message passing and open dataflow architecture enable integration with third party applications including mainframe systems through standard APIs.

RICH FUNCTIONALITY

 

Account Set-Up and Maintenance
Inheritable parameters provide seamless account insertion and ensure stable, consistent record setup. Multiple-level hierarchy provides the opportunity to group stores and locations uniquely for each merchant at set-up time, or during the life of the relationship, providing real-time reporting and parameter inheritance. The variety of merchant chains available allows acquirers to configure custom report features without additional programmer assistance. The ability to support flexible hierarchies enables users to meet the complex reporting and processing requirements of even large merchants and ISOs for greater competitive advantage.

Reporting
User-defined invoice and statement production rules and flexible cycle periods will exceed the expectations of even the most demanding merchants.

• Merchant statements and acquirer reports can be conveniently generated in multiple currencies.
• A multi-national merchant can have statements generated in the local currency of each country of operation.
• An overall statement containing details for each country can be generated for the head office.

Our online ad hoc reporting capability is supplemented by reports generated using industry standard third-party reporting tools.

Integrated Letters
Letters can be generated automatically or manually at any stage of the collection process and as part of any scripted outcome selected by a collector. Letter templates with commonly used variables are provided with the application, which can be easily customized as required. Full integration with Microsoft Word is supported.

Merchant & Independent Service Organization (ISO) Web Self-Service
Self-service reduces administrative costs by providing merchants and ISOs the option of secure online invoice and statement access with email notifications to alert them to new documents.

Flexible Pricing
Configurable transaction-based, cycle-based, and user-defined fees enable acquirers to provide ultimate flexibility in pricing plans that will differentiate them from their competition. Discount and participation may be set based on net or gross volumes, flat or tiered, from the merchant level down to the individual transaction level.

Risk Management
User-defined velocity parameters may be defined for authorization management; with real-time email alerts to better manage acquirer exposure. Real-time transaction posting provides more timely risk management strategies; allowing for the quick identification and resolution of potential problems. Online and ad hoc reporting allows risk managers to respond to new fraud schemes effectively.

Exception Processing
Real-time posting enables acquirers to intercept and re-direct errant transactions, reducing the reconciliation load on the internal accounting department. Intuitive online screens provide quick problem identification and resolution.

Customer Service
Excellent merchant relationships are easy to maintain with CoreACQUIRE’s browser-based access. Internal customer service representatives and those located in remote call center locations can access the system with their user name and password so long as they have Internet connectivity and Internet Explorer 5.5 or higher running on their PCs. Easy-to-use GUI screens reduce customer service training times and user-defined online scripts ensure consistency in handling merchant inquiries.
 

CORECARD PRODUCTS SHARE A COMMON SET OF DISTINCTIVE CoreENGINE-ENABLED FEATURES

	CoreENGINE Platform   Transaction Processing Engine     Shared Components   User Security - GUI - Posting - Business Rules - Workflow - Data Access

Multilingual/Multi-Currency Support

• Multiple concurrent languages (includes double- and multi-byte characters) and multiple currencies supported.

• Unique GUI engine accommodates differences in character/alphabet spacing across languages.

• CoreCard Localization Editor allows non-programmers to perform translations.

 Real-Time Posting

• CoreENGINE’s powerful real-time posting engine provides up to the minute data.

• Projections and re-projections are processed in real-time and impacted balances and interest are recalculated automatically.

Open Architecture

• Facilitates easy integration with third party applications.

• Multiple concurrent languages (includes double- and multi-byte characters) and multiple currencies supported.

• Unique GUI engine accommodates differences in character/alphabet spacing across languages.

• CoreCard Localization Editor allows non-programmers to perform translations.

Account and Role-Based Security

• “CRUDE” (Create, Read, Update, Delete, and Execute) security feature enables point-and-click definition of system and account level access by user and user group levels.

•  “CRUDE” (Create, Read, Update, Delete, and Execute) security feature enables point-and-click definition of system and account level access by user and user group levels.

Unmatched Flexibility

• Unlimited number of card and merchant account hierarchies supported.

• Parameter, language and currency inheritance capabilities enable rapid mass changes and eliminate manual data entry errors.

• Temporality feature enables merchant rates, payment schedules, credit limit increase and all processing rules to go into affect in the future and/or for a limited time period.

• Flexibility in scheduling critical and non-critical processes.

• Standard (e.g. daily, weekly & monthly) or custom (e.g. retail quarter) time periods supported.

Automatic Audit Trail

• Real-time or future-dated changes are fully tracked in audit trail logs.

User Assistance

• General online help tutorial, a “How to” FAQ, and field-specific help are all conveniently accessible within the application.

• User documentation available in both Microsoft Word and PDF formats.