Credics Solution

Credics Solution is a tailored fintech business solution designed to enhance financial processing efficiency for companies globally. According to the vendor, this comprehensive solution caters to businesses of all sizes, from small startups to large enterprises. It is utilized by professionals and industries such as financial services providers, banks and credit unions, retailers and e-commerce businesses, petrol/oil/gas companies, and vehicle fleet managers and trucking companies.

Key Features

Card Issuing: According to the vendor, Credics Solution provides account and customer-centric management to efficiently coordinate customer data. It supports various business models, including credit, debit, prepaid, private-label, loans, and loyalty programs. Customized marketing schemes can be easily implemented based on demographics, affinities, activity levels, holidays, and more.

Acquiring Merchant: The vendor states that Credics Solution enables effective management and support for merchant accounts. It offers dynamic hierarchy and unlimited relationships between accounts, supports any card type, and ensures smooth operations with payment networks like Visa, MasterCard, AMEX, Diners, and national switch centers. Pricing strategies can be tailored down to the individual merchant level, and different payment schemes can be assigned based on various criteria.

Billing & Transaction Processing: According to the vendor, Credics Solution provides essential billing features, including account management, balances, financial calculations, online and batch billing processes, agreements, and general ledger. It offers an integrated transaction-processing platform and allows external inputs to be assimilated as building blocks. The system can be operated as a standalone billing system or as an add-on to an existing legacy/package system.

ATM & POS Management: The vendor states that Credics Solution offers a rule-based authorization solution for various types of incoming and outgoing authorization requests. It supports multi-currency processing, multi-payment associations, and multi-channel acquiring gateway. The system provides complete clearing, settlement, and reconciliation support, along with built-in STIP capability. It also includes ATM and POS management services for a wide range of functionalities.

FuelCard Platform: According to the vendor, Credics Solution enables efficient management of authorization requests for refueling and related purchases. It facilitates cross-selling, customer clubs, credits, and various market development initiatives. The platform handles all forms of payment and offers variable payment terms, billing plans, report data, and communication modes. It also provides centralized management and support for local front-end devices.

Mobile Payment Hub: According to the vendor, Credics Solution includes a marketplace platform for any-to-any transactions, e-wallet for digital payments, advanced payment manager for account aggregation and installment payments, loyalty program integration, and support for various payment card programs. It facilitates instant loans and donation schemes, offering a comprehensive mobile payment solution.