TxVia

Foundational Principles

TxVia's platform-as-a-service (PaaS) delivery model is based on a number of foundational principles, which include the following three:

1. Complexity is Best Managed with Simplicity
   
   Today's electronic payments are more complex in almost every respect than they have been in the past-including the variety of payment products and services, diversity of payment venues, and range of organizations bringing payment solutions to market. TxVia has fundamental belief that the best way to manage this complexity is with simplicity. Our "back-to-basics" strategy ensures that any processing platform we implement does exactly what our client needs but-just as importantly-does no more. We achieve this by providing each client with a fully customized and entirely segregated processing platform. Our Occam's Razor approach of eliminating all unnecessary baggage from processing systems is one of the keys to replacing ongoing marginal improvements in payments with transformational change.



2. Transparency Forms the Basis of Collaboration
   
   Historically, electronic payments have been enabled by "black box" processing systems. As product and service providers across broad sectors move away from canned to more individualized solutions that are created in collaboration with key partners, this lack of visibility and openness presents a considerable limitation to payments innovation. Some companies have overcome this hurdle by publishing APIs that allow developer networks to innovate on the periphery of their networks. TxVia has gone many steps further by offering third-parties access to an integrated development environment (IDE) that allow them to efficiently and securely extend the capabilities of platforms. The IDE allows for a destruction of the historical distinction between in-house processing and outsourcing: TxVia, its clients, and authorized third parties operate on continuums of engagement, with roles and responsibilities definable at any time and on a case-by-case basis.



3. Longevity Can Overcome Obsolescence
   
   With the rate at which technology advances, many electronic payments platforms built within the last five to 10 years are now considered legacy when evaluated against today's market needs. Yet, since replatforming is such an expensive, time-consuming, and risky proposition for payments processors, legacy systems can remain in place for decades, holding back technology innovation that could improve the lives of millions of people with more convenient forms of payment. TxVia has overcome this never-ending cycle of platform upgrades to combat technological obsolescence by separating business requirements (where most of the value of a payment system resides) from the technology used to implement them. Using a model-driven architecture (MDA), we encapsulate these business requirements in models in the form of data flows, workflows, call flows, etc. that are used to systematically generate processing platforms. New technologies and architectures can be accommodated by a straightforward recompilation of these models.

To better understand these as well as other foundation principles of TxVia's PaaS approach, we encourage you to read our White Papers.