The Payments landscape entails a broad spectrum of requirements, with constantly varying payment formats and systems. A wide-spread increase in the use of electronic payment instruments, such as Prepaid Gift Cards, Contactless devices, Mobile Payments, etc. over and above traditional credit and debit instruments, has triggered a need among banks, retailers and payment service providers to augment their payment processing capabilities.

Hexaware’s Payment Solutions offerings are in the areas of:

• Consumer Payments Hub – Legacy modernization & Consolidation
• Credit/Debit Cards Management

Payments Hub – Legacy modernization& Consolidation

Hexaware’s Payments Hub Services:

• Consulting
• Project Management
• Migration – from Legacy systems, including Data Migration
• Integration – of different Applications within the proposed Solution
• Implementation
• Maintenance Activities – on existing systems
• Software & Hardware (through Partners)

In continuation with our endeavor to provide world class Payment Solutions to our Clients, Hexaware has partnered with:

• Oracle – The world’s most complete, open, and integrated business software and hardware Systems Company
• Alaric – Creator and owner of a range of quick to deploy SOA-oriented payment software products.

The Partnership offers an integrated and pre-packaged set of software, business applications and hardware that function as a payment services hub for retail banking transactions. It employs a unique blend of functional expertise in the Payments domain, technical excellence in application development and expertise in legacy modernization.

This solution is suitable for Card issuers, ATM & POS acquirers, combined issuer/acquirers, Service providers, Payment networks, spanning a gamut of delivery channels, including ATM, PoS, Payment Gateways, Internet, IVR and Mobile Phones.

Differentiators of the Solution:

• Bring the best of breed through a single vendor approach
• Open platform for future growth – highly scalable, platform independent, expandable transaction processing power using open technologies, with no dependency on proprietary third party “system” software
• Lower TCO:
  • High performance, multi-tenant architecture enabling multiple disparate legacy payment systems to be consolidated down to a single system
  • Lower cost of implementing product upgrades – existing customizations segregated from core product code
  • Lower upfront hardware costs, ongoing maintenance cost, ongoing energy cost
• Various components of the solution enable extensive information gathering & suitable processing to enhance operations, increase profitability and improve the customer experience
• Easy for customers and third parties to use and adapt
• Hexaware is PCI/DSS certified & Alaric’s Switch is PA-DSS compliant

Credit / Debit Cards Management

Hexaware has proven experience in the cards domain – Roll out / Upgrade /Customization/ Migration / Testing of card applications. Our experience spans across the full life cycle of the cards business. Our service offerings cover Application processing, Authorization, Billing, Customer Service, Balance transfer, Disputes / Charge backs and Collections for VISA / Master Card with specialization on products like Vision+ . Hexaware is a PCI-DSS certified company.

Extensive domain knowledge in the cards space with exposure on various card products, has keep Hexaware in a different league of companies providing appropriate solutions irrespective of the technology or the services being offered.

Our pre built card analytics empowers the banks to have better understanding of credit card usage, customer behavior and assists them in identifying profitable products/segments and rationalize marketing spend. It is broadly classified under the following headings:

• Portfolio Analysis
• Merchant Analysis
• Campaign Analysis
• Collection Analysis
• Portfolio Risk Analysis
• Financial Analysis

Technology

Hexaware has Consultants with expertise in varied technologies such as:

• Web Technologies: Java, JEE, EJB, Web Sphere, Android, Web logic etc
• Client Server: Oracle, SQL Server
• Content Management and Imaging: IBM FileNet P8, IS, BPM, PE, CE
• Mainframe Technologies: PL/1, Cobol, IMS DB/DC, DB2, JCL, MQ, REXX, Endeavor
• Business Intelligence and Data Warehouse: SAS, COGNOS, ETL,INFORMITICA

Value Proposition

• Large talent pool of functional and technical experts
• Ready to start tool kits – Code Generator, Data Migration tools and prebuilt Test scenarios
• Successful track record of several large global engagements