Integrated Transaction Management (ITM)
Explosive growth rates in electronic payments and a silo mindset to transaction management have resulted in inefficient, non-responsive systems throughout the financial services world. This silo approach and stand-alone legacy systems created a spaghetti-like processing environment full of potential points of failure and an environment that makes it difficult to streamline processing, utilize like capabilities and makes remaining current on software releases time consuming and expensive. As a result, financial services organizations have been left with an unfavorable cost-of-ownership and a competitive disadvantage.
As payment transaction volumes continue to grow exponentially and payment instruments increase in complexity, organizations will be rendered unprofitable due to the inflexibility of legacy systems, the challenges of supporting multiple platforms and upward spiraling costs. ITM(Integrated Transaction Management) end-to-end payments hub architecture is designed to conquer these challenges.