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  • Emerging Payments and Financial Services
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• Overview
• Foundational Principles
• Management Team
• Board of Directors
• Press Releases
• Resources

Foundational Principles

TxVia's platform-as-a-service (PaaS) delivery model is based on a number of foundational principles, including

• Complexity is Best Managed with Simplicity
  Today's electronic payments and financial services industries are more complex than ever. TxVia believes the best way to manage this complexity is with simplicity. Our "back-to-basics" strategy ensures that any transaction processing solution 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 segregated processing platform. Our Occam's Razor-approach is one of the keys to replacing ongoing marginal improvements in payments with transformational change.
• Transparency Forms the Basis of Collaboration
  Electronic payments and financial services have historically been enabled by "black box" transaction processing systems. As products generally move away from canned to more collaboratively created, individualized solutions, this lack of openness materially limits innovation. TxVia overcomes this hurdle by offering third-parties, including clients, access to an integrated development environment (IDE)—TxDev—and APIs that allow them to efficiently and securely extend platform capabilities, eliminating the historical distinction between in-house processing and outsourcing and allowing value chains to be defined on a case-by-case basis and over time.
• Replatforming is a Thing of the Past
  With the rate at which technology advances, many transaction processing platforms built within the past decade are already legacy. Yet, since replatforming is such expensive, time-consuming and risky, legacy systems remain in place, holding back innovation. TxVia has overcome this never-ending cycle of platform upgrades 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 recompilation of these models.
  

For further information about these and other foundational principles of TxVia's PaaS deliver model, we encourage you to read our White Papers.