The Cards & Payments industry is facing constant disruption, with rapid evolution of digital technologies. The industry is going through swift changes, both structural and technological. Exponential increase in transaction volumes, combined with outdated legacy infrastructure, has led banks to redesign their cards offerings, and rethink their payments models. Data security, privacy, and fraud detection, has also become one of the top priorities for card services offered by banks today.
Technology that gives the consumer choice and flexibility is changing the cards and payments landscape. Mobile payments are set to become a preferred consumer choice, raising a challenge for banks, financial institutions as well as newcomers to the cards and payments field to protect data and further reduce card fraud at a time of unprecedented change. Block chain technology is set to influence the payments further. The growth of Internet of Things (IoT) is also giving rise to Internet of Payments (IoP).
We can help reduce the cost of processing and add value to your business in the cards and payments segment through our technical experts. We excel in maximising revenue, increasing customer acquisition, reducing business risk, optimising processes, and ensuring long term success of our clients.
Our resources are experienced in cards and payments lifecycles with issuers, acquirers and schemes. We provide end to end service which includes RFP, Consulting, Project Management, Business Analysis, application maintenance, testing and 24x7 application support.
Our resources have worked in Credit Cards, Debit Cards, Prepaid Cards, with across all the major schemes including MasterCard VISA, AMEX, Diners, UPI, JCB, CUP and Rupay.
We at ConvergeFin provide services in the following areas:
- Consulting
- Production Support
- Application Maintenance
- Testing (ST, SIT, UAT, Performance Testing)
- Automation of process
Our Expertise includes the following Products:
- VisionPLUS
- FirstVision
- TSYS PRIME
- HPS PowerCARD
Issuer Functionality:
- Origination
- Customer Services
- Account Receivables
- Authorisation Processing
- Collections Management
- Clearing and Settlement
- Account Closure and Settlement
- Key Management
- Dispute Management
- Card Personalisation
- Loyalty Management
Acquiring Functionality:
- Merchant Setup
- Merchant Management
- Authorisation Processing
- Clearing and Merchant Settlement
- Key Management
- Merchant Fraud Management
- Dispute Management
- Loyalty Management
