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MONEDIA payment system solution
MONEDIA is a comprehensive payment
system solution designed for online authorisation,
switching, clearing and settlement processing for transactions
with debit, credit and electronic purse cards. MONEDIA
also provides full scope of card issuance and post-issuance
card management functions. MONEDIA targets the financial
institutions looking to implement an interbank project
or a specific project. It also targets the retailing
sector (hypermarkets, oil companies…).
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In designing MONEDIA Bull benefited from a payment systems experience
gained over the last twenty years, from the first smart card pilots
in France up to the latest EMV roll-outs in Europe. MONEDIA was
built using up-to-date technology with EMV specifications as the
corner stone of the system’s design. It facilitates bank’s
compliance with the new Visa and MasterCard mandates and, at the
same time, go beyond regulatory compliance to enhance risk management,
optimise processing costs and develop new business opportunities.
MONEDIA transaction processing and message switching engine was
designed by the leading Bull experts in vertical integration of
hardware, operating system, database and application software.
Scalable pre-packaged offers with Bull servers and Oracle database
provide robust high performance processing 24 hours a day, 7 days
a week.
Bull, as a security expert recognised the world over, ensures
complete end-to-end security of transaction processing in MONEDIA
by using hardware security modules. Together with the full implementation
of EMV security mechanisms, it guarantees a high protection of
the system from the known security threats.
For card acceptance MONEDIA supports ATM and POS devices, branch
tellers, telephone banking and Internet banking systems. Designing
its card issuance program, customer can choose from a wide range
of available card product including local, domestic or international
debit/credit, prepaid or electronic purse cards based on magnetic
strip or chip technology. For Visa or MasterCard members MONEDIA
offers support of issuing and acquiring of EMV (VSDC and M/Chip)
or magnetic stripe cards.
Typical examples of Bull solutions based on MONEDIA:
- private ATM card used by the bank’s customers for cash withdrawal
at the bank’s ATM’s;
- private payment card (magnetic stripe or chip based, debit/credit
card or electronic purse) used in shops, gas stations and other
retail outlets to pay for goods and services using online or
offline POS devices;
- private or domestic card accepted within a group of banks that
decided to share their ATM and POS networks;
- issuing and/or acquiring of international debit and credit cards
(Visa, MasterCard);
- processing centre that provides processing services to
issuers and acquirers of international, domestic and
private cards.
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