Creating Payment Ecosystem Awareness – Moving the Economy from Cash to Digital

Helesha Moodley
- Banking, payments
We have crafted solutions for industry leaders, combining years of expertise with agility and innovation.
In South Africa, Check Digit Verification (CDV) has grown organically over the years. As a result, it is often difficult for banks to check whether their implementation is aligned to that of Bankserv.
Absa needed to implement CDV for a great deal of batch-processed transactions. Performance, as well as reliability of results, was a priority.
Synthesis addressed this challenge by building a library that fully implemented algorithms that could be embedded or deployed centrally. This fast, lightweight library natively performs the CDV, and continues to exceed performance requirements.
The result is a tool that continues to evolve alongside Bankserv’s requirements, as well as Absa’s future vision. The durable tool is extremely accurate, requires minimal maintenance and has been incorporated into a lot of core products. Synthesis is currently working on CDV cloud architecture to take it to the next phase. To learn more contact us.
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