Cards & Payments have evolved across the globe and have come to increasingly rely on newer technologies and developing innovative methods to meet compliance requirements across the globe, ever evolving customer expectations and growing electronic cash movements. Cards / Internet being a primary payment instrument, its associated technology advances challenge the payments industry with newer demands, including anti-fraud measures. Players across the globe and across industry are investing in transitioning to smarter and more secure technology, in their pursuit to stay ahead of the curve.

With strong capabilities in payments domain and technology, deeply ingrained financial services industry experience, and with market dynamics clearly inviting integrated solutions for the next growth opportunity, Mphasis is uniquely positioned to deliver projects on time with high-quality standards.

Our end-to-end solutions address diverse customer segments that include players in Financial services, Non-Banking Financial Services and Retail industry. Our Payments solutions cover Retail payments, Wholesale / Corporate, P2P, B2P and others. Our specialist teams have deep expertise in Consulting, System Integration, implementing integrated solutions, testing and certifications, EMV and application managed services across the entire value chain. We have brought together a strong eco-system of Payments product partnerships and alliances, which give us the edge in offering globally accepted Payments products to our customers. Our flexible engagement models, innovative industry frameworks and solution accelerators enable faster time to market for our customers.

Enterprise-wide Payments Services from Mphasis

Mphasis capabilities straddle the entire payments value chain, from wholesale to retail payments. We offer services in consulting, application development and modernization, integration, Implementation & migrations and testing & interchange certifications, to Financial institutions, Card issuers, Acquirers, Payment networks, Third Party Processors to help them make sustained business gains in an increasingly competitive business environment.

Our comprehensive range of payment services includes:

  • Retail payment solutions
  • Wholesale payment solutions
  • Integrated Payment Hub (IPH)
  • Business intelligence and analytics
  • BPO services such as customer service, application processing, reconciliation, etc.
  • Infrastructure and middleware services

Our Solutions coverage (across various payments products) in Cards & Payments domain includes:

  • Application build services
    • Application development
    • Product customizations
  • Professional Services
    • Green field implementations
    • Platform and application migrations
    • Change requests management and production rollout
  • Testing & certification services
    • Functionality testing
    • Domestic and international interchanges certifications
    • EMV migration and certification
  • SLA based Managed Services
    • Production system monitoring and support
    • Service request management (code changes and fixes)
    • Interchange mandates roll out

Payment Solutions stack

Mphasis provides enterprise-wide payment solutions that are specifically designed to help clients reduce processing costs, retain investments, streamline or transform applications, identify and deploy new channels thereby increasing revenue streams.

  • EFT Switch Solution: Mphasis has over 600 person-years of experience in upgrade and migration of both EFT switch hardware and software for Issuer and Acquirer environments. We provide end-to-end solutions covering development, customization, migration of applications, testing & interchange certifications, Implementation and Application managed services in various switching applications.
  • Integrated Payment Hub (IPH): Our payment hub is a domain and technology-based framework approach which includes process and model assets, accurate predictability, and focused risk planning
  • Mobile Transaction Processing System (MTPS): Mobile transaction services are a horizontal offering across multiple industries addressing financial and non-financial transactions with solution accelerators, industry- specific adaptors and in-built plug-ins.
  • SWIFT Integration Solution: The SWIFT Integration solution enables banking customers to achieve true Straight through Processing (STP). It allows an organization to deliver efficient integration of SWIFT messaging standards.

Credit Card Capabilities

MphasiS has capabilities in both cards Issuing and acquiring across various cards platforms. Our services include:

  • End-to-end card processing solution covering both issuing and acquiring platforms
  • Mandates and regulatory compliance for multiple card schemes/networks – Visa, MasterCard, Amex, Diners, and domestic interchanges.
  • Credit, debit, prepaid cards and Mobile Wallets
  • Launch of cards business and products in new regions
  • EMV upgrade and maintenance
  • Cards transactional data ware house and BI
  • Interfaces to surround systems – CBS, EFT Switch, etc
  • Applications and BPO services
  • Proficient in multi platform and multi technology

Payment Cards Industry-Data Security Standard (PCI-DSS) Services:

Mphasis PCI practice help clients address PCI/DSS compliance gaps through a comprehensive range of consulting and application services ranging from assessment to audit, remediation and certification. Our services include:

  • Application rewrite (in line with PCI standards)
  • Client PCI training
  • Scanning and penetration testing
  • PCI continuum services

The Mphasis Advantage

  • Domain knowledge on end-to-end payments value chain with extensive understanding of the retail and wholesale payment applications
  • Global delivery centers supporting multi-geographic payment systems on a 24x7 model
  • Comprehensive solutions across applications, BPO and infrastructure services
  • Leverage our partner’s end-to-end payment capabilities for optimal service
  • Significant expertise in BASE24, Postillion, Vision PLUS, IST/Switch etc..
  • Center of Excellence focused exclusively on EFT Switching for providing switch migration services with reduced business risk, migration cost, and timelines
  • Large amount of Test case repository on EFT Switch and Card Management application which are tuned to work with any product.
  • Large amount of test case repository for end-to-end testing of BASE24 product upgrade and HP – NonStop hardware migration
  • Vast knowledge of automated testing tools such as ASSET, Iliad T3 to reduce testing time significantly and produce accurate results.