What is VisionPLUS

二月 8, 2009 by Raymond
Filed under: 特别报道||Special Release

VisionPLUS is a transaction processing software application from First Data International (FDI). This application is mainly used for credit card transaction processing by multinational banks and transaction processing companies. Banks traditionally use this application to store and process credit card accounts and process transactions (Visa, Mastercard, American Express, Europay, private label transactions). The rough estimate of number of cards processed on different versions of this application software around the world is 350 million.

Modules
VisionPLUS is designed as a flexible, full-featured and a very powerful account processing system. VisionPLUS consists of modules that work together to fully manage a company’s credit processing environment. The main modules of Visionplus include:

* Credit Decision Management       (CDM)   – new accounts processing module
* Credit Management System         (CMS)   – account processing module
* Collections Tracking Analysis    (CTA)   – delinquent collections module
* Account Services Management      (ASM)   – customer services module
* Financial Authorisation System   (FAS)   – financial authorisations module
* Letters System                   (LTS)   – letter generation module
* Security Sub System              (SSC)   – user access control module
* Interchange Tracking System      (ITS)   – dispute tracking module
* Transaction Management System    (TRAMS) – front-end processor
* Merchant BankCard System         (MBS)   – merchant acquiring system
* VisionPLUS Messaging System      (VMx)   – XML messaging gateway to VisionPLUS
* Hierarchy company system         (HCS)   – supports commercial card clients
* Loyalty Management System        (LMS)   – Managing of loyalty points based on transactions done.
* Direct Payment Utility           (DPU)   – Tool for recurring and one-time payment, which
                                             provides different payment options and allows
                                             for processing and managing balance transfer.
Visionplus gives full flexibility to banks so that they can have their own features and functionalities. Out of the above modules CMS plays an important part or it can be said as the “Heart of Visionplus”. All the account related activities are posted in CMS module.

History
The VisionPlus Software was introduced by Paysys International Inc. in 1996. In 2001, FDI acquired Paysys and since then VisionPlus is an FDI product.

Versions
1983 CardPac was released by CCS. Its main market was the bankcard industry (Visa and MasterCard transaction processing only).
1988 Vision21 was released for the private label card market by CCSI
1991 VisionPLUS for both private label and bankcard market by CCSI
1998 VisionPLUS 2.5 was released by Paysys
2000 VisionPLUS 8.0 was released by Paysys
2006 VisionPLUS 8.21 was released by Paysys
The software runs on IBM Mainframes (Z Series) as well as IBM AS 400 (i Series), primarily using COBOL,CICS and VSAM. Previous versions of VisionPLUS were available on Unix also.