Client Overview
The client is one of the oldest European electronic payments service providers, and has been in the industry for 18+ years. Their business need is to re-engineer a classic ASP-based payment gateway solution with the latest technology framework to build a future-oriented, robust, and scalable software system with value added features.
Business Challenge
- Merchants onboarding
- Understanding the old code base
- Configure/re-write code base to latest technology
- Making the architecture scalable & future ready
Solution Highlights
- Active participation right from rewriting the requirements and technology selection. We have been involved from designing the technical architecture through to solution development, and
- Merchant administration –manage accounts of different merchants
- Payment processing –manage & track payments of different customers on make online payments
- Multi-currency management
- Blacklisting
- Batch payment processing
- White label branding
- SMS verifications through 3rd Party SMS gateways and phone verifications through IVR
- 256 bits of encryption data with public and private keys
Benefits
- Auto divert to alternative payment options in case of failure
- Able to handle multi-currency transactions
- Handle more than 5000 transactions per day
- Easy to configure rules
- Easy to scale due to top notch architecture
- Future ready due to latest technology framework implementation and using encryption standards as per AES and token authentication
- Automatic alert mechanism in case of fraud or risk detection
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