On-Line Strategies has announced OLS.Card - calling it "a highly configurable framework for issuers to build upon. Card issuers can choose to implement the most basic of functionality or customize OLS.Card to support their unique business strategy. OLS.Card was conceived as a result of numerous customers and prospects seeking complimentary card management system components for use in conjunction with the company’s core authorization engine, OLS.Switch." READ MORE »

On-Line Strategies has announced launching a pilot of its OLS.Switch platform to support Rx Adjudication switching on behalf of a Fortune 100 customer. According to the company, "the initiative was part of a large scale migration plan to decommission a costly legacy platform starting with all financial transactions, and now Rx transactions." READ MORE »

Over on his Payment Systems blog, Andy Orrock, COO at On-Line Strategies, shares some insights into transaction times for various payment card transaction times from a large merchant.

I found the time difference between credit and offline debit cards vs. online PIN-based debit cards to be interesting with PIN debit taking 1.6 times longer. Andy shares his explanation of the timing difference in the comments.

On-Line Strategies has announced it has completed certification and production implementation of an Electronic Check Acceptance interface with a major authorizer as part a Fortune 100 client project. According to OLS, "OLS.Switch is a payment transaction processing engine, built using best-of-breed technologies to implement a unique new design supporting the latest industry standards, regulations, and best practices for payments and settlement processing." READ MORE »