3i Infotech Releases Latest Remittance Transaction Processing Platform

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Device-Agnostic Lockbox Solution, TMS 2010, is Specifically Designed for Seamless Use in Small, Medium and High-Processing Environments

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3i Infotech, a global information technology and transaction services company, today announced the release of TMS 2010, the latest version of the company's comprehensive retail and wholesale remittance transaction processing platform, adding significant new functionality and increasing its performance, scalability and ease of use.

The TMS platform, developed by 3i Infotech subsidiary J&B Software, combines both retail and wholesale remittance transaction processing in a single platform. It is the most comprehensive payment processing system available, and is now used by hundreds of organizations in the financial, brokerage, credit card, insurance, public sector, utilities and other industries.

TMS 2010 includes significant new functionality for extracting, reporting and business process monitoring of remittance transactions in small, medium and high-processing environments. Designed specifically for seamless integration into this wide range of environments, it is device-agnostic in terms of both hardware and mobile devices.

As 3i Infotech announced last month, TMS is among the first lockbox solutions to achieve PCI compliance.

"Our product development strategy utilizes the latest technologies and addresses all pertinent regulatory issues," explained Bala Natraj, J&B's CTO. "With TMS 2010, we have continued this approach by converting the core platform components using the latest Microsoft SQL 2005/2008 and .NET Framework service packs, and have ensured it is in compliance with the most current and critical industry standards for this market, namely PCI compliance.

TMS 2010 introduces multi-threading features to enable customers to better to meet ever-changing business and IT objectives. The new release also provides the option of scaling the hardware both vertically and horizontally to meet specific business and operational requirements. New tools introduced in this release include Unified Status Monitor, Extract Framework, Stager Service Monitor and Production Scheduler.

Tools and Benefits

Unified Status Monitor:

Single, consistent, highly graphical user interface covers all modules, i.e., branch capture, consumer-based scanning, mobile capture, check clearance (ECS) and exceptions (Interactive Lockbox).

Production Scheduler:

Graphical user interface monitors keying information across workflows, and provides visibility into trends to allow supervisors on the floor to make run-time utilization decisions.

Extract Framework:

Significantly improves ability to import and export data and images to the TMS 2010 core platform.

Workflow Service Monitor:

Single user interface monitors all of the workflow services attached to the TMS 2010 core platform.

PCI Compliance:

Complete support for the latest PA-DSS standards.

About 3i Infotech:

3i Infotech (http://www.3i-infotech.com) is one of India's leading IT companies and among the top 3 Indian Software Products Companies.* The Company provides Technology, Transaction Services and BPO solutions (including Billing, Remittance Processing, Document Imaging, Managed IT Services, Application Software Development & Maintenance, Business Intelligence, Infrastructure Management, Testing, IT Staffing, Operations Outsourcing and IT Consulting) for the Insurance, Banking/Financial Services, Telecommunications, Government/Public Services, Utilities, Manufacturing, Healthcare/Life Sciences, and Retail industries. The Company services customers in over 50 countries across 5 continents.

The Company's quality certifications include SEI CMMI Level 5 for Software business, ISO 9001:2000 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Center Management Services.

3i Infotech is a member of the FinTech 100 and on the WorldBlu List of Most Democratic Workplaces.

  • Source: Dataquest, August 2009

Disclaimer:

Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

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