Customers

The solution to BIN sponsorship invoicing was a data-rich application with some complex business logic. RDF felt this assignment was a perfect test project to trial the Mendix capabilities.

For years now we have been claiming to “build better solutions quicker”. Nonetheless, it always sounds better if others say it!

UK-based IT services firm RDF Group performed an independent bench mark analysis, measuring performance of the Mendix Platform against the use of traditional techniques. As the stats below show, results were amazing: 670 days (traditional) versus 171 days in Mendix!

Benchmark analysis MDD vs Custom Devleopment

Interestingly, results also show a strong difference in the activity breakdown. While in the traditional scenario most effort was dedicated to manually “programming” the application, in Mendix the majority of time was spent on “analysis/modelling”.

About the BIN solution
BIN stands for Bank Identification Number and is the unique identifier of a bank on a payment card. Due to the high costs involved in becoming an FSA approved card distributor many organizations choose to gain access to the card market through a primary vendor, effectively a sponsorship relationship between the master approved vendor (The BIN Sponsor) and the company wishing to offer the card to their customers.

A BIN sponsor needs an invoicing application to manage revenue streams from the cards issued through BIN sponsorship. Invoice charges can be calculated in a variety of ways based on volume of transaction, total amount of transactions or as a predetermined fee. In addition data to calculate these charges is based on card activity through ATM usage, merchant’s POS or online e-commerce orders – therefore any automated invoicing application has to integrate with card processor data.

Background casestudy
The solution to BIN sponsorship invoicing was a data-rich application with some fairly complex business logic. RDF felt this assignment was a perfect test project to trial the Mendix capabilities. After these results, RDF decided to adopt Mendix in its service and solution portfolio and become exclusive distributor for Mendix products in the UK. The developed BIN Sponsorship Invoicing Tool is a commercial, high quality application available for demonstration or purchase.

Download casestudy here