Speridian Technologies - World Class Solutions to provide Global Businessest

Products- Pay Lynxs

Overview

Pay Lynxs is a product designed to provide international money transfer technology for banks and credit unions around the globe. Pay Lynxs' mission is to develop a network of large and small financial institutions around the world to help facilitate the movement of international remittance payments from sending countries to receiving countries.

Our goal is to create a bank centric solution to offer a more efficient, convenient, and cost effective method for sending international money transfers so banks can expand their retail product offerings to serve this large and growing immigrant market for sending funds home.

Pay Lynxs is a three tier web based application to support several configuration options for different types of banks that would use the service. The solution proposed was the latest Java J2EE framework and techniques. Thus, an extensible Java based system could be developed to maintain a complete audit trail of the transactions that are securely and efficiently transferred through global banking infrastructure.

Below given are some of the key features that Pay Lynxs offers:

Scalability of new J2EE technologies.
Security features of handling NPPI data.
Tracking and reporting suspicious transaction behavior.
Status reporting of transaction life cycle Batch and real time connectivity to multiple banks over different countries using a variety of standards.

Data exchange processing in the application is being done with a very high degree of importance. Some of the security features in the application includes:

Two factor authentication per the FFIEC guidelines for authentication in an Internet banking environment.