VisionPLUS is a financial software application from First Data

First Data

First Data Corporation is an American payment processing company headquartered in Atlanta, Georgia. First Data is a provider of electronic commerce and payment solutions...

 Corporation. Originally developed by the Paysys Research and Development Group, this application is mainly used for credit card transaction processing by multinational banks and transaction processing companies. Various banks and financial institutions use this software application to store and process credit card, debit card, prepaid, closed end loan accounts and process financial transactions (Visa, Mastercard

MasterCard

Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...

, American Express

American Express

American Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best...

, Europay, private label transactions) against those accounts. The rough estimate of number of cards processed on different versions of this application software around the world is 350 million.

Modules

VisionPLUS is primarily a credit/debit account life cycle processing system. VisionPLUS consists of various modules that work together to manage life cycle of accounts. The main functional modules of Visionplus include:
* Credit Management System (CMS) - account credit processing module
* Collections Tracking Analysis (CTA) - delinquent accounts collections and tracking module
* Account Services Management (ASM) - customer services module
* Financial Authorisation System (FAS) - financial transactions authorizations module
* Letters tracking System (LTS) - letter generation module
* Security Sub System (SSC) - user access control module
* Interchange Tracking System (ITS) - dispute tracking module
* Transaction Management System (TRAMS) - front-end processor for batched transactions
* Merchant BankCard System (MBS) - merchant acquiring system
* VisionPLUS Messaging eXchange (VMx) - XML messaging gateway to VisionPLUS
* Hierarchy company system (HCS) – supports commercial card clients
* Loyalty Management System (LMS) - Managing of loyalty points based on transactions done.
VisionPLUS offers banks the flexibility to have their own features and functionality. Out of the above modules CMS is the core module and plays an important part, as all account related activities are posted in the CMS module.
The VisionPlus Software was introduced by Paysys International Inc. in 1996. In 2001, FDI acquired Paysys and since then VisionPlus has been an FDI product.

Versions

• 1981 PaySys International, founded as Credit Card Software, Inc., (CCS),
• 1982 CCS shipped its first product, CardPac, in 1982. Its main market was the bankcard industry (Visa and MasterCard transaction processing only).
• 1988 Vision21 was released for the private label card market by CCS International
• 1991 VisionPLUS for both private label and bankcard market by CCS International
• 1995 CCS changed its name to PaySys International, Inc.
• 1998 VisionPLUS 2.5 was released by PaySys
• 2000 VisionPLUS 8.0 was released by FDI

Due to software feature upgrades and compliance mandates from payments schemes like Visa, MasterCard, American Express, Europay and others, First Data releases 3 or 4 new versions of the software every year. These are considered minor releases of VisionPLUS 8.0 and referred to as VisionPLUS 8.nn where nn stands for a number between 01 to 99.