In continues with overview of the Vision Plus summary let us see the different modules involved in it.
1. CDM (Credit Decision Management) System: Basically the account origination system
2. CMS ( Credit Management System): This is the heart of Vision Plus Cards system where all the monetary and non monetary transactions will happened here. Also all other systems will talk to this system to perform their own operations.
3. TRAMS (Transaction Management System): All the monetary Transactions will be processed here
4. FAS ( Card Authorizations System): This system will approve all the customers transactions after confirming the balance availability from Bank and respective associations (VISA, Master Card, AMEX etc)
5. MBS ( Merchant Banking System): This system will be processed all the transactions that happens from merchant end basically all POS transactions
6. ITS (Interchange tracking System): This system closely work with TRAMS system for any disputes and other monetary stuff
7. CTA (Collection Tracking System): This system will track the customers who has not made the payments on time and follow till the customer moves into write off
8. RMS (Recovery Management System): This system will have all the write off customer records by then the bank call sell these accounts to 3rd party agency to collect the pending amount from the customer even the account closed from the bank.
9. ASM (Customer Service): This system will talks with the customer for any queries or complaints. (Both inward and outward calls)
By knowing all the above systems you will be able to understand the complete Credit card systems that work in Visionplus system. The each of the above mentioned system has their own functionality and behavior. In the coming blogs we will see each systems in details.
If you have any queries please contact me, will try to answer all your queries at my best.
1. CDM (Credit Decision Management) System: Basically the account origination system
2. CMS ( Credit Management System): This is the heart of Vision Plus Cards system where all the monetary and non monetary transactions will happened here. Also all other systems will talk to this system to perform their own operations.
3. TRAMS (Transaction Management System): All the monetary Transactions will be processed here
4. FAS ( Card Authorizations System): This system will approve all the customers transactions after confirming the balance availability from Bank and respective associations (VISA, Master Card, AMEX etc)
5. MBS ( Merchant Banking System): This system will be processed all the transactions that happens from merchant end basically all POS transactions
6. ITS (Interchange tracking System): This system closely work with TRAMS system for any disputes and other monetary stuff
7. CTA (Collection Tracking System): This system will track the customers who has not made the payments on time and follow till the customer moves into write off
8. RMS (Recovery Management System): This system will have all the write off customer records by then the bank call sell these accounts to 3rd party agency to collect the pending amount from the customer even the account closed from the bank.
9. ASM (Customer Service): This system will talks with the customer for any queries or complaints. (Both inward and outward calls)
By knowing all the above systems you will be able to understand the complete Credit card systems that work in Visionplus system. The each of the above mentioned system has their own functionality and behavior. In the coming blogs we will see each systems in details.
If you have any queries please contact me, will try to answer all your queries at my best.
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