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.