In the past decade, the payments landscape has witnessed a remarkable transformation, driven by the growing demand for smoother, safer, and faster transactions. However, traditional monolithic technology architectures have often hindered the pace of innovation in the payments industry. These legacy systems, with their limitations in scalability, flexibility, and agility, no longer suffice in meeting the dynamic needs of modern payment processors and customers. As a result, there has been a pressing need for advanced technology solutions that can propel the payments industry forward.
With a rich legacy of over 30 years as a leader in payments technology, FSS has continuously driven innovation in the industry. Keeping the same vision in mind, FSS recently launched BLAZE, an innovative payments technology platform that aims to deliver a multitude of benefits for modern payment processing. From speed, to scale, to security, BLAZE has been engineered to redefine conventional perceptions of payments technology and provide an advanced, yet seamless solution to all payment processors, bringing forth a new era of possibilities and reshaping the landscape for the better.
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Blazing through the endless payments possibilities!
In today's fast-paced and dynamic landscape, businesses require a technology platform that can keep up with their evolving needs. That's where the innovation of BLAZE comes into play. With its forward-thinking approach and advanced capabilities, BLAZE paves the way for seamless and efficient payment processing. BLAZE encompasses a comprehensive range of features that will redefine the way payments are handled.
Let's dive into the details and explore how BLAZE empowers businesses with its unrivalled functionalities.
1. Ensuring Optimal Performance under Varying Workloads: BLAZE offers both horizontal and vertical scaling capabilities. By adding more instances of microservices and enhancing the computing power of individual instances, the technology platform enables banks to manage increasing transaction volumes without compromising performance. Case in point - FSS recently launched its new and upgraded Payment Gateway solution that is powered by BLAZE. The solution already has benchmarked to scale at 5000 TPS and can further scale on demand.
2. Achieving High Availability for Payment Processing Services: BLAZE leverages a hybrid, cloud, and on-premises infrastructure. This approach minimizes the risk of single point failures and seamlessly switches between cloud-based and on-premises infrastructure, providing uninterrupted payment processing services.
3. Enhancing Durability for Seamless Payment Processing: By utilizing a microservices architecture, BLAZE ensures application availability even in the event of a service or component failure. It isolates individual services, enabling the graceful degradation of non-functional components without affecting the overall system.
4. Delivering Exceptional Performance through Rigorous Testing: Prioritizing performance optimization, BLAZE undergoes rigorous benchmarking with every release. This allows FSS to identify bottlenecks, optimize resource allocation, and fine-tune the system for exceptional performance.
5. Extensibility for Seamless Addition of New Services and Components: BLAZE's modular design enables easy integration of new services and components. The microservices architecture allows for independent development and deployment of additional functionalities, facilitating seamless integration with existing systems.
6. Enabling Agility and Flexibility in Infrastructure Choices: Enabling portability, BLAZE's deployable code allows businesses to leverage their preferred infrastructure. Whether it's on-premises, public cloud, or private cloud, BLAZE can be deployed swiftly and seamlessly, enabling rapid response to evolving market demands.
7. Prioritizing User Experience for Payment Processors and End-Users: With a strong emphasis on usability, BLAZE provides a user-friendly interface and intuitive workflows. This enhances productivity, reduces training overhead, and improves overall user satisfaction for payment processors and end-users.
8.Ensuring Resiliency in the Face of Failures: To ensure continuous service availability, BLAZE incorporates disaster recovery mechanisms. The distributed architecture and fault-tolerant patterns, such as circuit breakers, enable seamless rerouting of requests and quick recovery from failures.
9. Maintaining Consistency Across Different Devices and Channels: BLAZE achieves consistency by providing an omni-channel capability for a consistent user experience across different devices. Data synchronization and integrity maintenance ensure a uniform experience for payment processing across various touchpoints.
10. Protecting Data and Meeting Regulatory Standards: With a "security by design" approach, BLAZE integrates robust security practices through Dev-Sec-Ops. It ensures compliance with regulatory standards and protects sensitive payment data through advanced authentication, authorization, and encryption mechanisms.
11. Monitoring and Tracing Capabilities for System Visibility: BLAZE offers rich visual dashboards with customizable features, providing comprehensive observability. Through logging, monitoring, and tracing capabilities, FSS and its clients gain real-time visibility into system performance, error tracking, and service-level metrics.
This new payments technology platform encapsulates the culmination of years of expertise, research, and customer-centricity. By providing organizations with an advanced technology stack to seamlessly meet the dynamic demands of the payment industry, FSS's commitment to technical excellence and innovation shines through BLAZE. As payment processors start harnessing the power of BLAZE, they will embark on a transformative journey towards redefining the payment experience, delivering superior services, and staying ahead in the digital age. BLAZE will empower banks, financial institutions, and payments technology enthusiasts to embrace a future where payments are efficient, secure, and frictionless.
With BLAZE, FSS aims to set new standards in the realm of payment!
To learn about FSS Products, write to us at products@fsstech.com.
