20.09.2012 Views

We can't strike oil in the back office. Wait a minute ... - Accenture

We can't strike oil in the back office. Wait a minute ... - Accenture

We can't strike oil in the back office. Wait a minute ... - Accenture

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Visa<br />

Sara Garrison, Visa, San Mateo County, California<br />

Universal commerce demands a new universe of technology solutions.<br />

Go<strong>in</strong>g everywhere Visa wants to be. It’s hard<br />

enough for some bus<strong>in</strong>esses to plan quarter to<br />

quarter. Visa is help<strong>in</strong>g its member f<strong>in</strong>ancial<br />

<strong>in</strong>stitutions “see” many years <strong>in</strong>to <strong>the</strong> future.<br />

The vision is called universal commerce—or<br />

uCommerce—a world <strong>in</strong> which payment transactions<br />

will be able to take place anywhere, anytime<br />

and <strong>in</strong> any way. This could be <strong>in</strong> a store, over <strong>the</strong><br />

telephone, via a handheld device or <strong>in</strong>teractive TV,<br />

through a paperless bus<strong>in</strong>ess-to-bus<strong>in</strong>ess transaction<br />

or via boundless o<strong>the</strong>r new payment methods.<br />

Transform<strong>in</strong>g its exist<strong>in</strong>g legacy comput<strong>in</strong>g<br />

systems to handle <strong>the</strong> volume growth and complexity<br />

of this “new world of payments” was an<br />

enormous task. So Visa turned to <strong>Accenture</strong> for<br />

help. Our solution: Visa Direct Exchange, a secure,<br />

scalable, open-system technology platform that<br />

will be <strong>the</strong> network and messag<strong>in</strong>g <strong>back</strong>bone of<br />

Visa’s uCommerce <strong>in</strong>itiatives for years to come.<br />

18<br />

Initially, <strong>Accenture</strong> and Visa worked toge<strong>the</strong>r to<br />

def<strong>in</strong>e, eng<strong>in</strong>eer and validate <strong>the</strong> Direct Exchange<br />

concept. <strong>We</strong> <strong>the</strong>n helped Visa work with 10<br />

strategic partners to efficiently design, build and<br />

launch Direct Exchange, without <strong>in</strong>terruption to<br />

exist<strong>in</strong>g services. The new system—one of <strong>the</strong><br />

largest of its k<strong>in</strong>d <strong>in</strong> <strong>the</strong> world—is able to grow to<br />

support more than 40 billion transactions per<br />

year, with near-term capabilities of 20,000 transactions<br />

per second. In addition to handl<strong>in</strong>g <strong>the</strong>se<br />

extreme volumes, Visa Direct Exchange provides<br />

buyers and sellers with better <strong>in</strong>formation and<br />

<strong>in</strong>creased security.<br />

“Direct Exchange gives Visa and its members <strong>the</strong><br />

ability to grow and to create new products as<br />

uCommerce takes new forms,” said Scott Thompson,<br />

executive vice president, Technology Solutions,<br />

Visa U.S.A. “As part of our ongo<strong>in</strong>g 30-year relationship,<br />

Visa and <strong>Accenture</strong> have teamed to promote<br />

uCommerce to bus<strong>in</strong>esses worldwide.”

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!