BCS/X is a full-functional ACH system with Check Clearing plug-in. It supports direct credits and direct debits, check processing as well as interbank credit card operations (resulting from ATM and/ or payment transactions). BCS/X may accept and process a wide set of debit and credit payment instruments: credit transfer orders, direct debits, debit notifications (non pre- authorized debits), as well as interbank credit card operations (resulting from ATM and/or payment transactions).
Other types of instruments can be added at any time, in a simple way. Participants in the system are financial institutions that issue payment instruments used by their clients or receive non-cash payment operations from them. The Central Bank selects the types of financial institutions that are allowed to participate in the clearing system. As a rule, Central Bank is a participant itself.
CMA’s BCS/X system has adopted a “business process” philosophy and has been designed according to the latest information and telecommunication technologies. BCS/X is based on a modern architecture and is compliant with international standards applied to ACH systems. It is currently under operations in a number of countries. The package can be customized to fit any part of functionality missing, if any.
Category
Red Hat Certifications
This product has been certified to run on the following Red Hat products and technologies:
| Target Product | Level |
|---|---|
| Red Hat Enterprise Linux 7.x | Self-Certified |
| Red Hat Enterprise Linux 6.x | Self-Certified |
