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PAYMENT SYSTEM INTERFACE

Achieving excellence in payments whilst meeting compliance guidelines with InfrasoftTech Payment System Interface

Overview

Need for Payment System

Financial services firms face tough competition from peers. Entry of custom solution startups in the payments arena is another threat to face. In order to achieve success in such a marketplace it is essential for financial services industry to place payments and risk management in the top priority plans.

InfrasoftTech Payment System Interface

InfrasoftTech Payment System Interface provides a unified platform for core banking and other transactions. Our international payment gateway solution networks with national & international payment gateways to provide homogeneous integration of the customer banks with global payment systems.

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The interface connects with all the delivery & payment channels including ATMs, Internet, Mobile, Kiosk, POS, Cards and other Payment Gateways. This interface helps banks implement payment infrastructure that allows processing, monitoring and controlled payments.

It enables banks to move away from the silo approach in a controlled manner to significantly reduce time-to-market, migration risk and maintenance costs whilst providing a future proof, component based payment infrastructure.

Suite of Payment System by InfrasoftTech

Unified Payments Interface (UPI Switch): An initiative by NPCI to simplify and provide a single payment interface across all systems. Our UPI Switch facilitates next generation of online immediate payment by providing strong end to end security and data protection in a bid to consolidate manner. The switch integrates multiple systems with varying service levels in to a uniform and standard business process for all retail payment systems.

Bharat Bill Presentment Service (BBPS): Helps you in streamlining the bill payment ecosystem.

InfrasoftTech BBPS Integrates

Branch Banking

Mobile Banking

Internet Banking

Branch Banking over the count

Key Features

Provides strong end to end security and data protection, with the simplicity of transfer at a click using a single identifier - Aadhaar number or Mobile number or a Virtual payment address - without entering any bank account information.

Entirely built on a Service Oriented Architecture (SOA) with various interfacing adapters supporting SWIFT, ISO 8583, NEFT/NGRTGS, ISO 20022, NDC/D912 and other industry standards.

InfrasoftTech is the only payment gateway interface service provider offering such platform to facilitate the next generation of online immediate payments.

Key Benefits

InfrasoftTech’s interface for BBPS will be compliant with NPCI standards and will provide interface for cash, cards, wallets, Internet banking, IMPS, NEFT.

The interface can handle bill payments through different delivery channels, including self-service, assisted, electronic and manual modes.

It can work in Offline as well as Online mode and also support MIS reporting module thus enabling your institution to be a fully functional BBPOU.

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