The enterprise payment world is undergoing a change. The days of proprietary payment systems, where everything from hardware to software to configuration was spelt out by software suppliers, no longer exists. Fueled by the fierce competitiveness in the payments world, innovation in enterprise payment systems are no longer being fore-fronted by payment companies or networks, but rather by companies who are looking for greater control and the ability to offer quick innovative solutions to the world.
I was asked in a recent interview what drives payments solutions in ISTS, and my answer was that we dream and realize development savings for our clients while delivering value, flexibility and robustness in an enterprise payment solution. That’s our guiding light. Technology. Innovation. Cost benefits.
We have never believed in a proprietary world, and have always advocated in affordable systems that can run on proprietary hardware using a lot of open source coupled with the best of the breed market systems to create layered and modular architectures that can be scaled up depending upon a client need or a client’s growth. We have never felt the need for a small retailer to go for a multimillion dollar hardware and software implementation.
Some of our very huge installation bases, which warrant astounding throughputs levels now, started with single boxes that we have clustered and scaled up over time, causing little or no investments to our customers. We have been able to do this by continuous product innovation and research in new technologies, and our ability to implement them in solutions. We have replicated this model successfully for different levels of enterprises, in geographies all around the world.
The future for enterprise payment systems would be driven by a number of factors,
1. How flexible and customizable enterprise systems are without people undergoing a huge learning curve, so that implementors and enterprises themselves could quickly customize them according to their needs
2. How much of service oriented architecture is provided so that work duplication is reduced to a minimum
3. What is the scalability model on the enterprise? Does the investment on day 1 have to be everything, or can it be scaled over time?
Let’s face it. If Google can run their entire real-time search bots on commodity hardware and scale up uninterrupted for the longest time, we see no reason why payment systems can't replicate that model.
Vivek Awasthi
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