ACI set about attempting to overhaul its old product, with the rewrite encapsulated within 'Base24-es' (extended services). ACI was touting Base24-es as 'next generation' software. Underlying coding was to be centred on object-oriented C++ and Java. The re-write was intended to bring support for a wider range of platforms than its predecessor, including Sun, IBM and HP. It was stated that users of the original Tandem-based Base24 would be able to migrate or could retain their existing platform and link into the es version to take advantage of the latter's features.
A few banks bought into this, including Abu Dhabi Commercial Bank (ADCB). It was a new ACI customer and signed in late 2004 as it sought to consolidate two systems for POS and ATM transaction authentication, routing, switching and authorisation. The bank was looking for a centralised system for its ATM and POS networks to aid compliance with the Europay, Mastercard, Visa mandate calling for Chip and PIN cards. ADCB planned to run Base24-es on Sun Solaris.
ACI then acquired Germany-based Electronic Payment Systems AG (EPS). The mid-2006 deal was valued at €28.2 million. At the time of the deal, the emphasis was largely on extending ACI's European presence. At this time, around one-third of ACI's business was outside the US, and it had little presence in Germany. A recent market study carried out by ACI indicated that Germany was the third largest electronic payments market in the world, and with significant growth predicted. Here, as
elsewhere in Europe, the advent of SEPA was expected to cause considerable payment systems replacement activity.
EPS was set up in late 1998 and had grown to 70 staff. Its two founders, Christian Jaron and Johann Praschinger, moved across to ACI. EPS's payment engine reflected the relatively young age of the company and was based on reasonably new technology (it was written in C++). Customers gained by EPS AG included ATOS Worldwide Processing, CardProcess, Citibank, Commerzbank, Deutsche Bank, Pluscard, UBS and Visa International.
EPS also brought testing and simulation tools, which would fit with ACI's product set (most of EPS's large payment system users had these); ACI had applications such as its fraud detection software that would fit with EPS's suite. EPS also had a Romanian development centre and this would become part of ACI's evolving offshore development resources. ACI was in the early stages of setting up a global product development centre in Ireland.
The background of the two EPS founders was within German card payments processor, GZS, which was acquired by First Data. Development of the EPS platform had started in 1996, within a small group of developers; EPS bought the intellectual property rights to this and gained an initial four takers in 2000. The first to go live, after a six month project, was First-e, a now defunct
Irish internet bank, followed by UBS.
ACI approached EPS, said Praschinger. However, EPS was already coming round to the idea of gaining greater reach. 'We had the feeling that to get big international deals we needed a global presence,' he said. This was for delivering, supporting and maintaining its systems across the globe. 'It is a big obstacle for a small entity.' In terms of overlap in the product sets, at the core payment engine level, the mid to long-term strategy would be best of breed, he said, so there would be some form of consolidated platform.
By October 2006, ACI was talking about Base24-eps (electronic payment system) as the way forward (ACI on occasions referred to Base24-eps as 'formerly Base24-es'). It is difficult to know what was from the Base24-es route and the EPS route (the renaming as Base24-eps meant it was easy to conclude that the German system was a contributor). Either way, at this stage Base24-eps was officially reclassified as a 'Category A' product, meaning it was deemed to be sufficiently mature for revenue to be recognised at the time of product shipment rather than customer acceptance. To push it as the successor to Base24 was a brave decision. Base24-eps was described as having been built from the bottom up. It is C++-based, as stated, with the reason for the use of this technology given as reliability.
In terms of migrations from Base24 to Base24-eps, some users have moved across. ACI's director, solutions marketing, Andy Brown, said in September 2010: 'It is a case of finding a time that is relevant to their businesses.' In many cases, Base24 has been in place for a decade or more and at many sites there have been a lot of extensions and customisation. The system has also
become tightly embedded in many organisations, often with point-to-point interfaces.
The core Base24 functionality is available in Base24-eps but the newer system is considerably less well travelled than the older, so there are particularly some country requirements that will be missing, including message formats. This is being addressed. In a new release in October 2009, for instance, ACI promised support for market requirements in Australia, China, Germany, Greece, New Zealand, Spain and the US. Base24-eps provides a single view of account activity and balances, and handles both ATM and POS issuing and acquiring of private label and international card scheme traffic. It allows retailers, financial institutions and processors to authorise on-us transactions and switch not-on-us transactions out to the appropriate international card scheme or other domestic issuer systems.
One benefit of Base24-eps is that it can run on multiple platforms, including HP's Tandem-derived NonStop, which might ease the choice for Base24 clients that want to do a phased migration. Base24-eps also runs on Sun Solaris and HP-UX, as well as IBM's System z and System p.
Overall, by September 2010, ACI claimed around 75 takers of Base24-eps (in May 2009, it had said it had 40 live sites). ACI claims one customer processing more than 26 million transactions per day, with peak rates of more than 700 transactions per second. Another customer manages 2250 ATMs. Five of the UK banks in the Faster Payments initiative had selected a solution spanning MTS and Base24-eps, including LloydsTSB, and ABSA Bank in South Africa has implemented it for issuer
processing, starting a phased migration from Base24. A large European retailer has it for acquiring, switching and Authorization.
A few banks bought into this, including Abu Dhabi Commercial Bank (ADCB). It was a new ACI customer and signed in late 2004 as it sought to consolidate two systems for POS and ATM transaction authentication, routing, switching and authorisation. The bank was looking for a centralised system for its ATM and POS networks to aid compliance with the Europay, Mastercard, Visa mandate calling for Chip and PIN cards. ADCB planned to run Base24-es on Sun Solaris.
ACI then acquired Germany-based Electronic Payment Systems AG (EPS). The mid-2006 deal was valued at €28.2 million. At the time of the deal, the emphasis was largely on extending ACI's European presence. At this time, around one-third of ACI's business was outside the US, and it had little presence in Germany. A recent market study carried out by ACI indicated that Germany was the third largest electronic payments market in the world, and with significant growth predicted. Here, as
elsewhere in Europe, the advent of SEPA was expected to cause considerable payment systems replacement activity.
EPS was set up in late 1998 and had grown to 70 staff. Its two founders, Christian Jaron and Johann Praschinger, moved across to ACI. EPS's payment engine reflected the relatively young age of the company and was based on reasonably new technology (it was written in C++). Customers gained by EPS AG included ATOS Worldwide Processing, CardProcess, Citibank, Commerzbank, Deutsche Bank, Pluscard, UBS and Visa International.
EPS also brought testing and simulation tools, which would fit with ACI's product set (most of EPS's large payment system users had these); ACI had applications such as its fraud detection software that would fit with EPS's suite. EPS also had a Romanian development centre and this would become part of ACI's evolving offshore development resources. ACI was in the early stages of setting up a global product development centre in Ireland.
The background of the two EPS founders was within German card payments processor, GZS, which was acquired by First Data. Development of the EPS platform had started in 1996, within a small group of developers; EPS bought the intellectual property rights to this and gained an initial four takers in 2000. The first to go live, after a six month project, was First-e, a now defunct
Irish internet bank, followed by UBS.
ACI approached EPS, said Praschinger. However, EPS was already coming round to the idea of gaining greater reach. 'We had the feeling that to get big international deals we needed a global presence,' he said. This was for delivering, supporting and maintaining its systems across the globe. 'It is a big obstacle for a small entity.' In terms of overlap in the product sets, at the core payment engine level, the mid to long-term strategy would be best of breed, he said, so there would be some form of consolidated platform.
By October 2006, ACI was talking about Base24-eps (electronic payment system) as the way forward (ACI on occasions referred to Base24-eps as 'formerly Base24-es'). It is difficult to know what was from the Base24-es route and the EPS route (the renaming as Base24-eps meant it was easy to conclude that the German system was a contributor). Either way, at this stage Base24-eps was officially reclassified as a 'Category A' product, meaning it was deemed to be sufficiently mature for revenue to be recognised at the time of product shipment rather than customer acceptance. To push it as the successor to Base24 was a brave decision. Base24-eps was described as having been built from the bottom up. It is C++-based, as stated, with the reason for the use of this technology given as reliability.
In terms of migrations from Base24 to Base24-eps, some users have moved across. ACI's director, solutions marketing, Andy Brown, said in September 2010: 'It is a case of finding a time that is relevant to their businesses.' In many cases, Base24 has been in place for a decade or more and at many sites there have been a lot of extensions and customisation. The system has also
become tightly embedded in many organisations, often with point-to-point interfaces.
The core Base24 functionality is available in Base24-eps but the newer system is considerably less well travelled than the older, so there are particularly some country requirements that will be missing, including message formats. This is being addressed. In a new release in October 2009, for instance, ACI promised support for market requirements in Australia, China, Germany, Greece, New Zealand, Spain and the US. Base24-eps provides a single view of account activity and balances, and handles both ATM and POS issuing and acquiring of private label and international card scheme traffic. It allows retailers, financial institutions and processors to authorise on-us transactions and switch not-on-us transactions out to the appropriate international card scheme or other domestic issuer systems.
One benefit of Base24-eps is that it can run on multiple platforms, including HP's Tandem-derived NonStop, which might ease the choice for Base24 clients that want to do a phased migration. Base24-eps also runs on Sun Solaris and HP-UX, as well as IBM's System z and System p.
Overall, by September 2010, ACI claimed around 75 takers of Base24-eps (in May 2009, it had said it had 40 live sites). ACI claims one customer processing more than 26 million transactions per day, with peak rates of more than 700 transactions per second. Another customer manages 2250 ATMs. Five of the UK banks in the Faster Payments initiative had selected a solution spanning MTS and Base24-eps, including LloydsTSB, and ABSA Bank in South Africa has implemented it for issuer
processing, starting a phased migration from Base24. A large European retailer has it for acquiring, switching and Authorization.
5 comments:
BASE24 Migration: Challenges and Solutions
https://www.linkedin.com/pulse/automation-digitization-base24-migration-shaju-thomas
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