TRANSACTION SOLUTIONS

AUMif recognizes that the Internet and the applications that supports the Internet are getting more sophisticated. AUMif is equipped to help you meet your goals by providing you with dedicated solutions, particularly in Banking and Card Transactions.

Banking/Financial Institutions

AUMif's solutions meet the requirements of those Banks or Financial institutions that are dependent on other Banks to provide solutions particularly in the Credit Card industry and/or there is a requirement for additional resources to combat the ever-developing Internet practices.

Card Transaction Solutions

has successfully provided solutions for card transaction for banking institutions and merchants, with its project management and development. The solutions have been customized to meet the client's requirements whether it be MO/TO or Internet based.

Transaction Solutions:

Fraud Prevention Solutions

Internet Payment Gateways
EFT Bank Switch (ATM and Merchant)
Modern transaction Solutions

Fraud Prevention Solutions

The area that most concerns the Financial Institution and retailers is the dramatic increase in credit card fraud. Credit card fraud in remote (e.g. Internet) payments is rising rapidly and is of great concern to merchants, who often sustain the cost of fraud in the form of charge-backs. To reduce increasingly sophisticated fraudster's hit rate; AUMif can offer be spoke designed fraud detection solutions with data screening software to help merchants and acquirers reduce card fraud rate and data entry errors.

Fraud controls include:

Address Verification System (AVS)
Unusual frequency of purchases
Unusual time of day purchases
Geographical mismatch
Declined card screening

Internet Payment Gateway (IPG)

Most European Banks have been reactive to the Internet transaction acquisition market. The banks have chosen to adopt traditional Mail Order (M/O)/Telephone Order (T/O) based service, which do not meet the needs of the present day e-tailor. AUMif with over 80 years banking experience has the solution and technicians to help develop and implement Internet Payment Gateways that would allow you to accept credit and debit card transactions.

EFT Bank Switch

AUMif's forte is to provide you with a professional consultancy in building and implementing Information Technology solutions, particularly in the critical application areas of retail delivery platforms for the banking industry. This includes EFT systems (ATM and POS), Internet Banking, Card Management systems, and Data mining and Data warehousing solutions.

Our consultants have experience in implementing mission critical, complex switching projects.

We have implemented Base24 based ATM and POS switch on Tandem non-stop System. This included project management, ATM and debit card migration planning, business operations and system operations procedures development, customization of Switch software, and interfacing switch to retail banking host and interchanges.

Modern Transaction Solutions

Credit cards provide little support for many of the business models in the modern economy because of the transaction fees and repudiation charges which has had a negative impact on merchant profitability and are prohibitively expensive for small or micro payments. This has given rise to solutions such as smart cards.

A number of smart card based solutions have emerged which support electronic cash payments over the Internet. A smart card based electronic cash system, in other words, a direct electronic equivalent of cash, is simple to use and provides unique benefits to consumers and merchants transacting over the Internet, Mobile phones and digital television.

AUMif can provide you with a professional consultancy in building and implementing Smart Card solutions.

AUMif is also a member of e-commerce information group, which is the emerging U.K.'s representative body, in e-commerce, dedicated to providing up-to-the minute information on key issues, products and services. AUMif leads the Payment Method and Smart Card Category section.