MasterCard to upgrade authorisation processing platform
(17 July 2006 – Global) MasterCard is upgrading its global authorisation processing platform enabling banks to process authorisation transactions through a single connection point, making the process faster and simpler.
MasterCard president of global technology and operations W Roy Dunbar said the upgrade would make it easier for banks to expand their card operations into other markets.
"Through this standardised global authorisation platform, banks that have or are planning to have global extensions will be able to better aggregate and analyse transaction information," he said.
"Our platform then enables banks to communicate better, as well as to customise transaction rules locally, such as when banks need to adjust processing to comply with local business regulations and practices," Dunbar said.
The authorisation platform is scheduled to be operational by late 2007 with all banks brought onto the system within two years of roll out completion.
"Through this standardised global authorisation platform, banks that have or are planning to have global extensions will be able to better aggregate and analyse transaction information," he said.
"Our platform then enables banks to communicate better, as well as to customise transaction rules locally, such as when banks need to adjust processing to comply with local business regulations and practices," Dunbar said.
The authorisation platform is scheduled to be operational by late 2007 with all banks brought onto the system within two years of roll out completion.
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