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Electronic-cash Solutions


When configured for a processing center, SELECT System© can manage several institutions each of which having its own payment envrironmentand functionalities.

In addition to switching services, SELECT System© allows total or partial access to other services offered by the center, such as:

  • Issuing management
  • Acquisition management
  • Private label management
  • Settlement for institutions which are not members of any payment scheme
  • Settlement  between institutions affiliated to the center
  • Settlement with international payment associations (VISA, MasterCard, AMEX, etc.)
  • Chargeback management
  • Centralised fraud management.

The center can also be equipped with authorisation module(s) working in Stand-In mode to process authorizations and transactions originating from charge, revolving credit, and pre-paid cards. Settlements and clearing are carried out by the center. Each institution receives settlement results and reports generated SELECT System©, which processes settlement in a transparent manner, thanks to the multi-institutions nature of the data referentials.