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Product Overview

Connex is designed as a self-contained electronic payment processing system, primarily operating within z/OS environments. Its architecture includes several key components: 1. **Transaction Switch:** This component manages the routing of transactions between different endpoints, such as ATMs, POS devices, and host systems.

2. **Authorization Module:** Responsible for verifying the validity of transactions and obtaining authorization from the card issuer. 3.

**Settlement Engine:** Processes the financial settlement of transactions between different parties. 4. **Systems Management Console:** Provides a centralized interface for monitoring and managing the system.

These components communicate via internal messaging queues and inter-process communication mechanisms. Connex uses databases or storage mechanisms to store transaction data, configuration parameters, and audit logs. The system likely exposes APIs for integration with other systems, supporting protocols for communication.

Security is enforced through authentication methods and access control models. Competing products offer similar functionalities, but Connex distinguishes itself through its integration within the FIS Payment System and its focus on providing a self-contained solution.

Frequently Asked Questions

What is Connex and what does it do?

Connex is an electronic payment processing system used in the banking and finance sector. It handles ATM and POS transactions, authorization, switching, settlement, and reconciliation.

What is Connex's relationship to FIS?

Connex is part of the FIS Payment System, indicating its role within a larger suite of financial products offered by FIS.

What are the main functions of Connex?

Connex supports transaction switching, authorization, settlement, and reconciliation. It also provides systems management and monitoring capabilities.

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