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.

LATEST ARTICLES

iot and life insurance

How IoT Is Changing Health Insurance

By 2020 there could be 20 billion connected devices in the world, reports GrowthEnabler as referred to Gartner/World Bank. The figures are impressive, no wonder that many industries, including insurance, anticipate the wave of sensor-powered digital transformation. How does insurance benefit from IoT? In a word, it leads to personalized...
READ ARTICLE

AI in Healthcare: High Hopes, Reality and Future

There’s a lot of buzz around artificial intelligence these days. It’s been a matter of casual conversations in Silicon Valley for the past few years, and now the technology is being discussed in higher circles as Washington sees opportunities for AI to improve efficiency and increase economic growth. As for...
READ ARTICLE
telemedicine

Decentralization Of Care With Telemedicine: Trends And Considerations

A lot of myths and prejudice surrounds the concept of telemedicine. People refer to it as the dehumanization of care, “uberization” of health or simply discounted consultation in front of a display of a computer. In fact, telemedicine is a new way of bringing patients and caregivers together in a...
READ ARTICLE