In the last decade almost every industry has taken advantage of developments made in technology. Modern architectures, languages, tools and databases have enabled much more responsive, easier to maintain and lower cost solutions to rise and dominate the landscape. One industry remains stubbornly at odds with this: retail payments, which continues to use legacy systems and suppliers. Inefficiencies experienced by financial institutions today are a direct result of these inflexible, costly and unresponsive legacy systems. The payments system of the future should provide open and more productive systems allowing innovation and product development to provide new business in rapid time frames while remaining cost effective.
TANGO is a state of the art technology, offering a modern, integrated infrastructure that is highly performant and highly efficient, while its genuine service-oriented architecture significantly reduces development time and cost. The core principles of TANGO’s architecture provide the maximum flexibility regarding choice of platform, database, and operating environment, making the payment system of the future available today.
TANGO BUSINESS FRAMEWORK
FEATURES AT A GLANCE
• Uses industry-standard C++ and XML
• Supports industry-standard messaging specifications, such as
XML, ISO 8583 and ISO 20022
• Provides a state-of-the-art, modular, object-oriented system
• Operates independently of operating systems and databases
• Offers a multi-channel, multi-institution, multi-language and multicurrency solution
• Provides high performance and high availability
• Allows a flexible implementation
• Offers complete transaction security support (EMV, 3DES)
• Adds value to retail payments to increase flexibility
TANGO is a mission-critical transaction processing system for acquiring, routing, switching, authenticating, and authorising transactions across multiple channels including ATM, POS, e-Commerce, and Mobile.
TANGO Payments Server is based on a generic architecture that has no restrictions on transaction types: both standard and non-standard transactions can be easily defined in the system, as can new transaction types and message flows.
TANGO operates as a truly integrated processing engine allowing full support for traditional payments processes such as high availability and fraud detection. These are integrated into the architecture as part of standard product, reducing dependence on 3rd party software and removing any associated compatibility issues. In addition, financial institutions can use TANGO to expand beyond the traditional types of transactions. For example, loyalty programs can co-exist within the same architecture and code base.
On top of all this TANGO supports a number of APIs that can be plugged into other internal bank systems to ease integration. For example, the Java plug-in can reside on a Java system and interact with the Java adaptors in that system, whilst communicating to the TANGO server in internal TANGO format. This removes the need to specify a particular protocol just to talk to the Java system.
TANGO's modern, flexible, service-oriented architecture supports a number of relational databases operating across multiple platforms. Based around a central data bus containing all transaction and configuration data, authorisation is based on configurable parameterised data held in tables rather than scripts which is more performant, controllable and flexible.
- Flexible Service Oriented Architecture
- Widest platform choice in the market
- Support for most relational databases
- Proven high transaction volumes
- Rapid deployment
- Compliant, reliable & state of the art
- Direct connectivity
- Processor independence
- DCC Dynamic Currency Conversion
lusis payments solutions
Lusis offers a highly effective and performant message translation and switching solution. Our products have been implemented for clients with extreme volume message switch processing needs.
Covering the acquiring of transactions from any source or network through to the settlement and inter-scheme management of funds, TANGO comprehensively supports all manner of payment processing. TANGO is suitable for acquirers, issuers and PSPs. Our solution is highly configurable to enable direct alignment to customers' business and technical needs.
Lusis offers an advanced technological solution to compliment online transaction processing that complies with industry standards.
From simple to complex deployments, Lusis provides highly flexible loyalty solutions that enable clients to gain significant market advantages over their competitors.
Our LitePoS Terminal in the cloud is changing the payments processing world. LitePoS dramatically lowers costs and enhances revenue opportunities while allowing customers to break new ground with new and existing clients.
MULTI-ASSET TRADING PLATFORM
Lusis provides an ultra-high performant trading platform for Forex, CFD, equities, and options. It integrates cutting edge technologies such as cryptocurrencies and Blockchain based settlement.
The TANGO Payments Engine supports acquiring, routing, switching, authenticating, and authorizing transactions across multiple channels including ATM, Point of Sale, Internet, and Mobile Banking, in a multi-institution environment that may span different geographies.
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