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Authentic platform to power ATM, payments processing in Ukraine

Ukraine's largest independent payment processor will deploy Alaric Authentic software for payment services across central and eastern Europe.

May 21, 2015

Ukrainian Processing Center, the largest independent payment processor in Ukraine, will be deploying Authentic, the intelligent payment platform from Alaric, an NCR Corp. business, to deliver payment services across Central and Eastern Europe.

Authentic will replace UPC's legacy system and will allow the payment processor to keep pace with new industry requirements, according to a press release.

UPC is a member of the Raiffeisen banking group and supports more than 30 banks in Ukraine, as well as a number of international customers in central and Eastern Europe.

UPC services range from authorizing international and local card transactions to technical support for POS terminals to the development and management of ATM networks, and regional interbank clearing. From its headquarters in Kiev, UPC manages more than 7,700 ATMs and nearly 60,000 POS terminals, and processes up to 60 million transactions every month.

"Authentic provided all the necessary features for ATM and POS processing, which was essential for us," UPC COO Sergey Vetrenko said in the release. "But what made it really attractive was how easy it would be to configure the system and add new channels or services. We needed a solution that could be fine-tuned to our business as it continues to change without calling in the vendor support team every time we needed to add a new service."

According to the release, the Authentic open development payment platform handles any type of transaction from any source. The system maps the transaction into a common format before authenticating, authorizing and routing it. The platform easily met UPC's requirement of processing 500 transactions per second, the release said.

"Consumer technology trends, such as mobile banking, are changing payment requirements for financial institutions and putting them under pressure to react," said Steve Nogalo, VP and general manager payments software at NCR. "Our scalable, open architecture provides the flexibility and agility that they need to respond."