TxVia’s PaaS delivery model enables clients, at their option, to take control of their processing platforms, as well as their product and service attributes such as clients can utilize web-based tools including an integrated development environment (IDE) called TxDev to participate in payment processing developer network to securely extend TxVia’s features and functionality and meet their end users’ specific needs.
Moreover, TxVia’s clients are expected to increase their revenues and can concurrently reduce their total cost of ownership and protect their intellectual property. Following launch, AEIS will become part of TxVia’s payment processing developer network.
Russell Yergensen, CFO of AEIS, said: “We had far-reaching requirements including multiple systems integrations to support our broad range of products and configurations. TxVia’s PaaS model will support current functionality of American Express merchant network, thus offering a seamless transition to our clients, merchants, and cardholders.
“The PaaS offering allows us to fully upgrade our current platform and product needs and positions us well for the future as we continue to evaluate new opportunities to ensure robust offerings for our clients.”
Anil Aggarwal, chairman and CEO of TxVia, said: “We’re delighted that AEIS, one of the top prepaid card program managers, has chosen to partner with TxVia. With our PaaS delivery model, AEIS can create highly competitive prepaid offerings, leveraging its industry expertise, wide-ranging experience and tremendous client base.
“As with many highly successful prepaid card program managers operating at significant scale, AEIS has developed many unique, competitive capabilities that make for a complex system and architecture. PaaS allows us to successfully deploy processing solutions into these environments, ensuring reliability and scalability, which would simply not be achievable with software-as-a-service (SaaS) or in-house software processing solutions.”
AEIS is a wholly-owned entity of Maritz Holdings, an authorized issuer and reseller of American Express prepaid products.
