Elinext Group Gains a Leading Edge in Financial Software Development

Marina Astapchik
IT Trends Research Specialist
January 15, 2013

Elinext Group, an international alliance of custom software development companies, achieves a new milestone in development of mobile payment solutions

January 9, 2013. There are some fundamental shifts that are going on in the payment landscape today. With the rise of smart devices, consumer expectations are getting higher and more sophisticated. The real imperative here is to ensure business continuity and operational efficiency through implementation of innovative software solutions.

The financial system, created by Elinex Group’s developers for an American client, has rich functionality that helps businesses capture sales anywhere with MPEDs and the iPad and Android tablets, as well as smartphones, like the iPhone 5.

The delivered software solution, inter alia, allows to:

  • Manage customer and merchant data;
  • Store information about products and services;
  • Carry out card, cash, and check payments;
  • Assign tasks for payments processing;
  • Invoice using mobile devices or web access;
  • Integrate with external financial and ERP systems;
  • Integrate with CRM systems, like Microsoft Dynamics;
  • Verify transactions with digital signature;
  • Create reports;
  • Use geolocation to accurately calculate the route to a customer’s place.

All the implemented features may significantly improve business performance. The multi-tier architecture is designed to support a wide range of clients, up to several millions, and endure intensive system usage.

“As far as security concerned, we have taken a special care: enhanced logging with claims-based authorization, password and transaction encryption with hash, use of SSL certificates, etc. Moreover, the system is fully compliant with security standards of Visa and MasterCard,” says Alexey Trigolos, IT Services Director at Elinext Group.

“Elinext Group now has cutting edge knowledge and expertise required to develop highly reliable payment processing software. We know how to achieve higher customer engagement and profitability with the help of fast and secure payment processing solutions.” In the near future the system is also planned to be upgraded with biometric identification.

RELATED ARTICLES

Top Questions and Answers about CRM

Growing businesses are looking for a better way to manage customer relations. Understanding that the idea to store their information in note cards or Google documents is a bit old-fashioned, they are wondering, what is CRM, how it works and how it can help their businesses. These questions are hardly...
READ ARTICLE
top technologies in real estate

5 Cutting Edge Technologies That Will Transform Real Estate Business

New technologies strike like lightning.  The willingness to keep up with the new trends is no longer a prerogative of big companies, with ever more small businesses trying to bring technology to their business models. For real estate industry, this may seem like a challenge, as their workflow hasn't changed...
READ ARTICLE
How to start software development project

The Ultimate Guide to Hiring Developers for Your Project

Sometimes choosing a developer is as simple as asking a fellow business whom they use in their projects. However, other times you have to go through selection routines. Your main objective must be to create your own list of suitable developers, which conforms with your needs, and then reduce this...
READ ARTICLE

QR Code Solution for Mobile Devices

Business Needs High level of competition in business creates needs to provide as much services as possible for less money. Companies try to inform clients as much as possible about the opportunities and competitive advantages. Large spaces of printed surfaces are used to show the content marketing information. The tendency…

READ ARTICLE